Attached files
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): June 14, 2011
AMERICAN MINING CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
000-52403
(Commission File Number)
20-3373669
(IRS Employer Identification No.)
970 Caughlin Crossing, Suite 100
Reno, Nevada 89519
(888) 505-5808
(Address Of Principal executive offices)
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d - 2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e -4(c))
ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT
On June 14, 2011, American Mining Corporation ("AMC") executed a financing
agreement with Juniper Resources LLC ("Juniper") under which AMC will receive a
loan of $400,000 (the "Loan") for the purpose of installing and putting into
operation a large format plasma furnace, specialty master control center and
ancillary cooler, scrubber, dore buttons and miscellaneous other equipment for
refining having an estimated book value of $600,000 (the "Equipment"). The Loan
is due by December 15, 2011, and will be secured by a registered charge against
the Equipment.
Interest on the Loan will accrue at the rate of 1.65% per month, and will be
convertible at the election of Juniper into AMC common stock at the rate of
$0.35 per share, which election must be exercised before October 15, 2011, or
before the completion of AMC's next public offering.
In addition to the foregoing, AMC will issue to Juniper 75,000 shares of common
stock at $0.25 per share upon completion of the financing as a Loan origination
fee.
The foregoing description is qualified in its entirety by reference to the full
text of the Loan, which is filed herewith as Exhibit 10.1 and is incorporated
into this Item 1.01 by reference.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER
AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRAT
To the extent required by Item 2.03 of Form 8-K, the information contained in or
incorporated by reference into Item 1.01 of this current report, is hereby
incorporated by reference into this Item 2.03.
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
To the extent required by Item 3.02 of Form 8-K, the information contained in or
incorporated by reference into Item 1.01 of this current report, is hereby
incorporated by reference into this Item 3.02.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
EXHIBITS
10.1 Letter Agreement dated June 10, 2011, between American Mining
Corporation, Juniper Resources LLC and Versatech Capital for Mining LLC.
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.
AMERICAN MINING CORPORATION
/s/ Gary MacDonald
Gary MacDonald, President & CEO
Date: June 17, 201