Attached files
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| EX-99.8 - CAN CAL RESOURCES LTD | v207246_ex99-8.htm |
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): January 3, 2011
Commission
File No. 0-26669
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Can-Cal
Resources Ltd.
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(Name
of Small Business Issuer in its
charter)
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Nevada
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88-0336988
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(State
or other jurisdiction of incorporation or organization)
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(I.R.S.
Employer Identification No.)
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8205
Aqua Spray Avenue, Las Vegas, NV 89128
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(Address
of principal executive offices)
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(702)
243-1849
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(Issuer's
telephone number)
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N/A
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(Former
name,
former address and former fiscal year,
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:
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
3 – Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity
Securities
On
January 3, 2011, pursuant to private placement exemptions under Section 4(2) and
Regulation S of the Securities Act of 1933, Can-Cal Resources Ltd. (the
“Company”), completed the sale of 2,146,666 units of securities (each, a “Unit”)
of the Company, at a price of US$0.06 per Unit. Each Unit consists of
one share of common stock (“Common Share”) and one Common
Share purchase warrant (“Warrant”). Unit
holders may exercise each Warrant into one additional Common Share, at an
exercise price of US$0.08 per share, at any time until December 31, 2012. The
Company received total aggregate gross proceeds of US$128,800.00 in the
sale. Finders acting in connection with the private placement are
entitled to receive aggregate fees of $2,790 and 46,500 Common
Shares.
The
Company plans to use the proceeds of the sale for: ( i) completion of its
work-up of two extraction processes to determine which process, if either, will
be used in the Company’s efforts to potentially prove up any precious metals,
platinum groups elements and/or other base metals on the Company’s Pisgah,
California and Wikieup, Arizona site;( ii) conducting a drill program to
potentially prove up potential tonnages and subsequently any precious metals
and/or other base metals on the Wikieup, Arizona property; (iii) undertaking a
comprehensive research and development program to ascertain the potential for
any rare earth elements on the Owl Canyon, California site; (iv) the potential
engagement of a qualified and comprehensive US and Canadian investor relations
and shareholder communications group; (v) general working capital requirements
and (vi) for strategic working capital reserve.
Section
8– Other Events
Item 8.01 Other Events
On
January 4, 2011, the Company issued a press release announcing the sale of
securities detailed in Item 3.02 of this Form 8-K.
Section
9 – Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits
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(d)
Exhibits:
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EXHIBIT
NUMBER
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DESCRIPTION
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LOCATION
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99.8
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Press
release issued January 4, 2011.
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Filed
herewith
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2
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.
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January
4, 2011
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Can-Cal
Resources Ltd.
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By:
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/s/
Michael Hogan
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Michael
Hogan
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Chief
Executive Officer
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