Current Report Filing (8-k)
15 August 2019 - 7:15AM
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
Date of report (Date
of earliest event reported) August 12, 2019
|
|
|
|
Star
Gold Corp.
(Name of Small
Business issuer in its charter)
Nevada
|
|
000-52711
|
|
27-0348508
|
(State or other
jurisdiction of incorporation or organization)
|
|
(Commission File
No.)
|
|
(IRS Employer
Identification Number)
|
105 N. 4
th
Street, Suite
300
Coeur d’ Alene ID
83814
(Address of
principal executive offices)
208-644-5066
|
(Registrant’s telephone
number)
|
|
|
|
|
|
|
ITEM 8.01 Other Events
On
August 12, 2019, Star Gold Corp. (“Star Gold” or the
“Company”) amended the Longstreet Property Option
Agreement (the “Longstreet Agreement”) to eliminate the
required property expenditure structure and to implement new
consideration for the transfer of the Property pursuant to that
agreement (the “Amendment”). The Amendment eliminated
the remainder of the required property expenditures set forth in
the Longstreet Agreement, as amended. Furthermore, the Amendment
sets forth that upon the Company: a) repricing 435,000 existing
options to purchase Company common stock at the price of $.04; b)
issuing an additional 500,000 options to purchase Company common
stock at the price of $.04; c) making a cash payment of fifty
thousand and no/100 dollars ($50,000.00) to Great Basin Resources,
Inc. (“Great Basin”); and d) entering into
a
consulting agreement with Great Basin
with a term of eighteen (18) months,
Great Basin shall transfer title to the Property to Star
Gold
.
The
Amendment also grants the Company the option, to be exercised no
later than six (6) months following the first receipt of proceeds
from the sale of ore from the Property, to purchase
one-half
of Great Basin’s 3.0% Net
Smelter Royalty for a payment of one-million seven-hundred fifty
thousand and no/100 dollars ($1,750,000.00).
No
other provisions of the Longstreet Agreement, as previously
amended, were affected by the Amendment.
ITEM 9.01 Financial Statements and
Exhibits.
The 2019 Amendment to Longstreet Property Option Agreement and the
Longstreet Property Press Release are included herewith as Exhibits
10.5 and 99.1 respectively.
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.
Star Gold Corp.
/s/ Kelly
Stopher
|
Kelly
Stopher
|
Chief Financial
Officer
|
|
August 14,
2019
|
Star Gold (QB) (USOTC:SRGZ)
Historical Stock Chart
From Aug 2024 to Sep 2024
Star Gold (QB) (USOTC:SRGZ)
Historical Stock Chart
From Sep 2023 to Sep 2024