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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT PURSUANT TO SECTION 13 OR
15(d) OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE SECURITIES AND EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>March 6, 2012 (February 29, 2012)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of report (Date of earliest event reported)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>COUNSEL RB CAPITAL INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in its
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FLORIDA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or Other Jurisdiction of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Incorporation or Organization)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; font-weight: bold; text-align: center">0-17973</TD>
    <TD STYLE="width: 4%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 48%; font-weight: bold; text-align: center">59-2291344</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Commission&nbsp;File&nbsp;No.)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">(I.R.S.&nbsp;Employer&nbsp;Identification&nbsp;No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1 Toronto Street, Suite 700, P.O. Box 3,
Toronto, Ontario, Canada, M5C 2V6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(416) 866-3000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Registrants Telephone Number, Including Area
Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>N/A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former Name or Former Address, if Changed Since
Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Section 1 &ndash; Registrant&rsquo;s Business and Operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>Item 1.01.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Entry into a Material Definitive
Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: black">On
</FONT>February 29, 2012<FONT STYLE="color: black">, Counsel RB Capital Inc. (the &ldquo;Company&rdquo;, &ldquo;we&rdquo; or &ldquo;us&rdquo;)
acquired all of the issued and outstanding capital stock in Heritage Global Partners, Inc. (&ldquo;Heritage&rdquo;), a leading,
full-service, global auction and asset advisory firm, from Kirk and Ross Dove (the &ldquo;Doves&rdquo;), each of whom owned 50%
of the issued and outstanding capital stock of Heritage prior to the acquisition by the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The foregoing acquisition
was accomplished pursuant to a Share Purchase Agreement (the &ldquo;Purchase Agreement&rdquo;) dated February 29, 2012 entered
into between the Company, Heritage and the Doves. Pursuant to the Purchase Agreement, the Company issued 500,000 shares of the
Company&rsquo;s common stock, par value $0.01 per share (the &ldquo;Shares&rdquo;) to each of the Doves, issued each of the Doves
an option to purchase 312,500 shares of the Company&rsquo;s common stock (the &ldquo;Options&rdquo;), issued promissory notes (the
&ldquo;Notes&rdquo;) payable to the order of the Doves in an aggregate original principal amount of $1,000,000, and paid $3,000,000
in cash (the &ldquo;Cash Consideration&rdquo;), in part to retire certain debt of Heritage, with the balance paid to the Doves
at closing. A copy of the Purchase Agreement is attached hereto as Exhibit 10.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The foregoing description
of the Purchase Agreement is a general description only and is qualified in its entirety by reference to the Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Section 2 &ndash; Securities and Trading Markets</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in"><B>Item 2.01.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Completion
of Acquisition or Disposition of Assets.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As described under Item
1.01 above, pursuant to the Purchase Agreement, the Company acquired 100% of the outstanding equity of Heritage (the &ldquo;Purchased
Stock&rdquo;). The purchase of the Purchased Stock (the &ldquo;Heritage Acquisition&rdquo;) was completed on February 29, 2012
(the &ldquo;Closing Date&rdquo;). The Purchased Stock was acquired from the Doves,<FONT STYLE="color: black"> each of whom owned
50% of the Purchased Stock prior to the acquisition by the Company</FONT>. The Purchased Stock was acquired in exchange for the
issuance of the Shares, Options, and Notes to the Doves and payment of the Cash Consideration to the Doves and certain creditors
of Heritage as described under Item 1.01 above. The Options were issued with an exercise price of $2.00 per share. The Options
vest 25% per year over a four year period beginning on the first anniversary of the date of grant, and have a term of seven years.
In connection with the Heritage Acquisition, each of the Doves entered into employment agreements with the Company. <FONT STYLE="color: black">The
Notes are due in full in six months from the Closing Date, and bear interest at the U.S. Prime Rate. The Cash Consideration was
paid at closing by wire transfer. A copy of the Purchase Agreement is attached hereto as Exhibit 10.1.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Section 8 &ndash; Other Events</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in"><B>Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Events</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On February 29, 2012, the Company issued the
press release attached hereto as Exhibit 99.1 announcing that it had entered into the Purchase Agreement and issued the Shares,
Options, Notes and paid the Cash Consideration as consideration for the purchase of all of the equity interest in Heritage pursuant
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Section 9 &ndash; Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in"><B>Item 9.01.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Financial Statements
and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><I>(a) <U>Financial statements
of business acquired.</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">The financial statements
for the business acquired required by this Item, with respect to the Heritage Acquisition described above, will be filed not later
than 71 days after the date on which this Current Report on Form 8-K is required to be filed pursuant to Item 2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><I>(b) <U>Pro forma financial
information.</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">The pro forma financial information
required by this Item, with respect to the Heritage Acquisition described above, will be filed not later than 71 days after the
date on which this Current Report on Form 8-K is required to be filed pursuant to Item 2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><I>(d) <U>Exhibits</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 85%; border-collapse: collapse; margin-left: 1in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font-weight: bold; text-decoration: none; border-bottom: Black 1pt solid">No.</TD>
    <TD STYLE="width: 2%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-decoration: none; width: 88%">Exhibit</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.1</TD>
    <TD>&nbsp;</TD>
    <TD>Share Purchase Agreement between the Company, Heritage, and the Doves, dated February 29, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>99.1</TD>
    <TD>&nbsp;</TD>
    <TD>Press Release dated February 29, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: -1.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 thereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">Counsel RB Capital Inc.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date: March 6, 2012</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="text-decoration: none; border-bottom: Black 1pt solid">/s/ Stephen A. Weintraub</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 7%">Name:</TD>
    <TD STYLE="width: 33%">Stephen A. Weintraub</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chief Financial Officer and Corporate Secretary</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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{"company-data": {"conformed-name": "Counsel RB Capital Inc.", "cik": "0000849145", "assigned-sic": "4822", "irs-number": "592291344", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17973", "film-number": "12670775"}, "business-address": {"street1": "1 TORONTO STREET,SUITE 700", "street2": "P.O. BOX 3,", "city": "TORONTO,", "state": "A6", "zip": "M5C 2V6", "phone": "416-866-3005"}, "mail-address": {"street1": "1 TORONTO STREET,SUITE 700", "street2": "P.O. BOX 3,", "city": "TORONTO,", "state": "A6", "zip": "M5C 2V6"}, "former-company": [{"former-conformed-name": "C2 Global Technologies Inc", "date-changed": "20050812"}, {"former-conformed-name": "ACCERIS COMMUNICATIONS INC", "date-changed": "20040220"}, {"former-conformed-name": "I LINK INC", "date-changed": "19971020"}]}
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 AND EXCHANGE ACT OF 1934
March 6, 2012 (February 29, 2012)
Date of report (Date of earliest event reported)
COUNSEL RB CAPITAL INC.
(Exact Name of Registrant as Specified in its
Charter)
FLORIDA
(State or Other Jurisdiction of
Incorporation or Organization)
0-17973
59-2291344
(Commission File No.)
(I.R.S. Employer Identification No.)
1 Toronto Street, Suite 700, P.O. Box 3,
Toronto, Ontario, Canada, M5C 2V6
(Address of Principal Executive Offices)
(416) 866-3000
(Registrants Telephone Number, Including Area
Code)
N/A
(Former Name or 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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 1 – Registrant's Business and Operations
Item 1.01.
Entry into a Material Definitive
Agreement.
On
February 29, 2012
, Counsel RB Capital Inc. (the "Company", "we" or "us")
acquired all of the issued and outstanding capital stock in Heritage Global Partners, Inc. ("Heritage"), a leading,
full-service, global auction and asset advisory firm, from Kirk and Ross Dove (the "Doves"), each of whom owned 50%
of the issued and outstanding capital stock of Heritage prior to the acquisition by the Company.
The foregoing acquisition
was accomplished pursuant to a Share Purchase Agreement (the "Purchase Agreement") dated February 29, 2012 entered
into between the Company, Heritage and the Doves. Pursuant to the Purchase Agreement, the Company issued 500,000 shares of the
Company's common stock, par value $0.01 per share (the "Shares") to each of the Doves, issued each of the Doves
an option to purchase 312,500 shares of the Company's common stock (the "Options"), issued promissory notes (the
"Notes") payable to the order of the Doves in an aggregate original principal amount of $1,000,000, and paid $3,000,000
in cash (the "Cash Consideration"), in part to retire certain debt of Heritage, with the balance paid to the Doves
at closing. A copy of the Purchase Agreement is attached hereto as Exhibit 10.1.
The foregoing description
of the Purchase Agreement is a general description only and is qualified in its entirety by reference to the Purchase Agreement.
Section 2 – Securities and Trading Markets
Item 2.01.
Completion
of Acquisition or Disposition of Assets.
As described under Item
1.01 above, pursuant to the Purchase Agreement, the Company acquired 100% of the outstanding equity of Heritage (the "Purchased
Stock"). The purchase of the Purchased Stock (the "Heritage Acquisition") was completed on February 29, 2012
(the "Closing Date"). The Purchased Stock was acquired from the Doves,
each of whom owned
50% of the Purchased Stock prior to the acquisition by the Company
. The Purchased Stock was acquired in exchange for the
issuance of the Shares, Options, and Notes to the Doves and payment of the Cash Consideration to the Doves and certain creditors
of Heritage as described under Item 1.01 above. The Options were issued with an exercise price of $2.00 per share. The Options
vest 25% per year over a four year period beginning on the first anniversary of the date of grant, and have a term of seven years.
In connection with the Heritage Acquisition, each of the Doves entered into employment agreements with the Company.
The
Notes are due in full in six months from the Closing Date, and bear interest at the U.S. Prime Rate. The Cash Consideration was
paid at closing by wire transfer. A copy of the Purchase Agreement is attached hereto as Exhibit 10.1.
Section 8 – Other Events
Item 8.01        Other Events
On February 29, 2012, the Company issued the
press release attached hereto as Exhibit 99.1 announcing that it had entered into the Purchase Agreement and issued the Shares,
Options, Notes and paid the Cash Consideration as consideration for the purchase of all of the equity interest in Heritage pursuant
thereto.
Section 9 – Financial Statements and Exhibits
Item 9.01.
Financial Statements
and Exhibits
(a)
Financial statements
of business acquired.
The financial statements
for the business acquired required by this Item, with respect to the Heritage Acquisition described above, will be filed not later
than 71 days after the date on which this Current Report on Form 8-K is required to be filed pursuant to Item 2.01.
(b)
Pro forma financial
information.
The pro forma financial information
required by this Item, with respect to the Heritage Acquisition described above, will be filed not later than 71 days after the
date on which this Current Report on Form 8-K is required to be filed pursuant to Item 2.01.
(d)
Exhibits
No.
Exhibit
10.1
Share Purchase Agreement between the Company, Heritage, and the Doves, dated February 29, 2012.
99.1
Press Release dated February 29, 2012.
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 thereunto
duly authorized.
Counsel RB Capital Inc.
Date: March 6, 2012
By:
/s/ Stephen A. Weintraub
Name:
Stephen A. Weintraub
Title:
Chief Financial Officer and Corporate Secretary