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TMCNet:  ALY ENERGY SERVICES, INC. FILES (8-K) Disclosing Unregistered Sale of Equity Securities, Change in Directors or Principal Officers

[August 06, 2014]

ALY ENERGY SERVICES, INC. FILES (8-K) Disclosing Unregistered Sale of Equity Securities, Change in Directors or Principal Officers

(Edgar Glimpses Via Acquire Media NewsEdge) Item 3.02. Unregistered Sales of Equity Securities On August 1, 2014, we issued 3,636,364 shares of our common stock to one accredited investor at a price of $.55 per share, for gross proceeds of approximately $2.0 million. Such transaction was and is exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Regulation S and Section 4(2) of such statute.


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (d) On August 1, 2014, we agreed to issue to Ali H M Afdhal, one of our directors, 218,182 shares of our common stock as a fee in respect of his arrangement of the transactions described in Item 3.02 above.

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