- Current report filing (8-K)
16 June 2012 - 5:25AM
Edgar (US Regulatory)
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
June 11, 2012
(Date of earliest event reported)
Legend Oil and
Gas, Ltd.
(Exact Name of Registrant as Specified in Charter)
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Colorado
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000-49752
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84-1570556
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1420 5
th
Avenue, Suite 2200
Seattle, Washington
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98101
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(Address of Principal Executive Offices)
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Zip Code
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(206) 274-5165
(Registrants telephone number, including area code)
(Former Name,
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01
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Entry into a Material Definitive Agreement
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On June 11, 2012, Legend Oil and Gas, Ltd. (the Company) entered into an Amending Offering Letter with National Bank of Canada (the
Bank), which further amends the terms of the original Offering Letter dated August 12, 2011, as amended March 26, 2012, as amended May 31, 2012.
Under the terms of the Amending Offering Letter, the Bank set the following repayment terms for the Companys CA$1.5 million bridge demand loan: principal repayments of CA$250,000 monthly, commencing
July 15, 2012, and a final bullet repayment on December 1, 2012.
The Bank has subsequently advised the Company that the next
scheduled review date of the Companys credit facilities will be December 1, 2012.
A copy of the Amending Offering Letter is filed
as Exhibit 10.1 to this Report. The foregoing description of the Amending Offering Letter is qualified in its entirety by reference to the full text of the Amending Offering Letter, a copy of which is filed as Exhibit 10.1 to this Report and which
is incorporated herein in its entirety by reference.
Item 9.01
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Financial Statements and Exhibits.
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(d)
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The following exhibit is being filed herewith:
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Exhibit No.
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Exhibit Description
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10.1
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Amending Offering Letter by and among National Bank of Canada, Legend Energy Canada Ltd. and the Company dated June 11, 2012
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
June 15, 2012
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LEGEND OIL AND GAS LTD.
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By:
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/s/ James Vandeberg
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James Vandeberg
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Chief Financial Officer
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