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
Earliest Event Reported: December 29, 2006
Pacific
Sands, Inc.
(Exact
name of registrant)
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Nevada
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00-29483
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88-0322882
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(State
of Incorporation)
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(Commission
file Number)
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(I.R.S.
Employer Id. No.)
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1509
Rapids Dr. Racine WI
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53404
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (262)
619-3261
Section
8
Item
8.01 - Other Events.
Pacific
Sands, Inc. Receives Local Funding
Racine,
WI - Pacific Sands, Inc. (NASDAQ OTCBB: PFSD). The board of directors of
Pacific
Sands is pleased to announce that the company has negotiated a funding package
with a group of local, qualified, individual investors.
The
group
of individuals purchased a total of 1,250,000 restricted, rule 144 treasury
shares from the company during December of 2006 for a total investment of
$125,000. Additionally, the investors have been issued two sets of options
to
purchase additional restricted shares from the company. The first options,
callable on Feb 1, 2007 are for 625,000 restricted, rule 144 treasury shares
at
10 cents per share. The second set of options, callable June 15, 2007 are
for
625,000 restricted, rule 144 treasury shares at 15 cents per share.
In
June
of 2004, as part of the management transition arrangement, Pacific Sands
recovered and placed in treasury, 7,559,187 shares of stock from previous
management and insiders at a cost basis of approximately 2 cents per
share.
“We're
very pleased to have our funding come from local sources,” said Pacific Sands
President and CEO Michael Wynhoff. “These are real investors who made their
investment decisions based on a careful examination of the company, its
operations, products and growth rate.”
Management
believes that the company currently has sufficient funding commitments in
place
to continue its planned growth for 2007. The company has achieved sustained
quarter over same quarter revenue growth for the past 8 consecutive reported
quarters.
About
Pacific Sands:
Pacific
Sands develops, manufactures and markets environmentally safe, nontoxic water
treatment and cleaning solutions.
Safe
Harbor Act Disclaimer
The
statements contained in this release and statements that the company may
make
orally in connection with this release that are not historical facts are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from
those
projected in the forward-looking statements, since these forward-looking
statements involve risks and uncertainties that could significantly and
adversely impact the company's business. Therefore, actual outcomes and results
may differ materially from those made in forward-looking statements.
IR
Contact:
JT
Ploch
608-577-6482
website:
www.pacificsands.biz
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on behalf by the undersigned hereunto
duly authorized.
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Pacific
Sands, Inc.
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(Registrant)
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Date:
January 3, 2007
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/s/
Michael
Michie
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Michael
Michie,
Chief
Financial Officer
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