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): September 3, 2010
Grosvenor Explorations
Inc.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-52156
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98-0486676
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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3645 E. Main Street, Suite
119, Richmond, IN 47374
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47374
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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: (765)
356-9726
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2431 M. de la Cruz, Pasay City,
Philippines
(Former
name or former address, if changed since last report)
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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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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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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o
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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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SECTION
5 – Corporate Governance and Management
Item
5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers
On
September 3, 2010, Felimon A. Lee resigned as the Company’s
Chief Executive Officer and President and Rizanina Raneses resigned as the
Company’s Chief Financial Officer, Chief Accounting Officer, Secretary and
Treasurer. Subsequently on September 3, 2010, the board of directors
appointed Raymond Demotte to serve as a member of the Company’s board of
directors and to fill the positions of Chief Financial Officer and President
formerly held by Mr. Lee. Camilo Velasquez was also appointed on
September 3, 2010 to serve as a member of the Company’s board of directors and
to fill the positions of Chief Financial Officer, Secretary and Treasurer
formerly held by Ms. Raneses. There was no known disagreement with
Mr. Lee or Ms. Raneses on any matter relating to the Company’s operations,
policies or practices and Mr. Lee or Ms. Raneses will both continue to
serve a members of the Company’s board of directors.
There are
no family relationships between Messrs. Demotte and Velasquez and any other of
our directors or executive officers.
Neither
Mr. DeMotte nor Mr. Velasquez has had any material direct or indirect interest
in any of the Company’s transactions since the beginning of the Company’s last
fiscal year or in any currently proposed transaction. At this time,
we do not have any employment agreement with either Mr. DeMotte or Mr.
Velasquez.
Mr. DeMotte has served as Vice
President of Business Development and as a director of Boulder Hill Mines, Inc.,
a private mineral exploration company based in Idaho, since June
2008. Since July 2008, Mr. DeMotte has also served as President and a
director of Castle Creek Silver, Inc., a private mineral exploration company
based in Idaho. Mr. DeMotte served as President and CEO of Sterling
Mining Company from November 1998 to May 2008 and served as a director of
Sterling Mining Company from November 2008 to February 2009. In March
2009, Sterling Mining Company filed a voluntary petition for reorganization
relief under Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the District of Idaho. Mr. DeMotte is a
director and serves on the audit committee for Silverfield Resources, Inc. and
Wescan Uranium, Inc. Mr. DeMotte holds a Bachelor of Science in
International Business Administration from the American College of Switzerland
and a Master of Business Administration from Golden Gate University in San
Francisco, California. Mr. DeMotte is a member of the Canadian Institute of
Mining, Metallurgy and Petroleum and the Society of Economic
Geologists.
Mr. Velasquez has served as marketing
consultant to Louis Vuitton in its Caribbean region since September 2009. Since
May 2008, Mr. Velasquez served as financial director for CIMMM
Inc. Mr. Velasquez served as a managerial trainee at Sterling Mining
Company from October 2007 to May 2008 where he provided support to the
accounting and auditing team. From February 2002 to September 2007,
Mr. Velasquez held various positions at the Merck & Co., Inc.’s Bogota,
Colombia office. Mr. Velasquez earned his Bachelor of Business
Administration degree from Los Andes University in Bogota,
Colombia.
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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.
Date: September 3, 2010
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Grosvenor
Explorations Inc.
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By:
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/s/ Raymond
DeMotte
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Name:
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Raymond
DeMotte
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Title:
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President
and Chief Executive Officer
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