UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 13, 2015
DELMAR PHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
Nevada | 000-54801 | 99-0360497 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
Suite 720-999 West Broadway
Vancouver, British Columbia
Canada V5Z 1K5
(Address of principal executive offices) (zip code)
(604) 629-5989
(Registrant's telephone number, including area code)
Copies to:
Gregory Sichenzia, Esq.
Jeff Cahlon, Esq.
Sichenzia Ross Friedman Ference LLP
61 Broadway
New York, New York 10006
Phone: (212) 930-9700
Fax: (212) 930-9725
(Former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On November 13, 2015, the board of directors of DelMar Pharmaceuticals, Inc. (the “Company”) concluded that the Company’s
previously issued financial statements, for the years ended June 30, 2015 and June 30, 2014, for each of the quarters in the years
then ended as well as the quarters ended March 31, 2013 and June 30, 2013, should no longer be relied upon because of an error
in such financial statements. In connection with the preparation of the Company’s financial statements for the three months
ended September 30, 2015, and following consultation with a third party accounting consultant, the Company determined that the
common stock purchase warrants issued by the Company for placement agents services on March 6, 2013 (the “Placement Agent
Warrants”) represented a derivative liability and should not have been recognized as equity because the exercise price of
the Placement Agent Warrants is subject to adjustment in certain circumstances. The reclassification of the Placement Agent Warrants
does not affect the Company’s operations nor does it affect the Company’s working capital. The Company’s audit
committee has discussed this matter with the Company’s independent accountant and re-stated financials have been prepared
accordingly.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DELMAR PHARMACEUTICALS, INC. | |||
Dated: November 16, 2015 | By: | /s/ Jeffrey Bacha | |
Name: Jeffrey Bacha | |||
Title: Chief Executive Officer | |||