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EX-10.1 - FORM OF PROMISSORY NOTE - Coyote Resources, Inc.coyote101.htm


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 2, 2012
 
 
Coyote Resources, Inc.
(Exact name of registrant as specified in its charter)
 
Nevada
 
000-52512
 
20-5874196
(State or other jurisdiction of
incorporation)
 
(Commission File Number)
 
(IRS Employee
Identification No.)
 
1671 SW 105 Lane, Davie, Florida
33324
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code: (786) 423-1811
 
 
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))
 
 

 
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Item 2.03 Creation of a Direct Financial Obligation.

On August 2, 2012, Coyote Resources, Inc., a Nevada corporation (the “Registrant”) issued an unsecured promissory note to an investor in the amount of $86,709.50 (“Note”).  The Note is due on November 2, 2012, or upon default, whichever is earlier, and bears interest at the annual rate of 12%.  This brief description of the Note is only a summary of the material terms and is qualified in its entirety by reference to the full text of the Note as attached in Exhibit 10.1 to this report.

The Note was issued in a transaction which the Registrant believes satisfies the requirements of that exemption from the registration and prospectus delivery requirements of the Securities Act of 1933, which exemption is specified by the provisions of Regulation S promulgated pursuant to that act by the Securities and Exchange Commission.

Item 9.01 Exhibits.
 
The following exhibits are filed with this Current Report on Form 8-K.

Exhibit Number
 
Description of Exhibit
     
 

 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Coyote Resources, Inc.
 
       
Date: August 2, 2012
By:
/s/ Guy Martin
 
   
Guy Martin
President
 
 
 
 
 
 
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