Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - SCANDIUM INTERNATIONAL MINING CORP. | exhibit99-1.htm |
| EX-10.1 - EXHIBIT 10.1 - SCANDIUM INTERNATIONAL MINING CORP. | exhibit10-1.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): October 13, 2015
SCANDIUM INTERNATIONAL MINING
CORP.
(Exact name of registrant as specified in its
charter)
000-54416
(Commission File Number)
| British Columbia, Canada | 98-1009717 |
| (State or other jurisdiction | (IRS Employer |
| of incorporation or organization) | Identification No.) |
1430 Greg Street, Suite 501, Sparks, Nevada, 89431
(Address of principal executive offices)(Zip Code)
(775) 355-9500
Issuer’s telephone number
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 a Material Definitive Agreement |
On October 13, 2015, EMC Metals Australia Pty. Ltd. (“EMC”), a subsidiary of the Company, entered into a royalty deed (the “Royalty Deed”) with Umgeni Holdings International Limited (“Umgeni”). Pursuant to the Royalty Deed, EMC granted a 0.7% royalty, payable quarterly, on gross mineral sales from the Nyngan Scandium project and the Honeybugle Scandium properties, in NSW, Australia, in exchange for US$2.07 million paid to EMC.
A copy of the Royalty Deed is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.
| Item 7.01 | Regulation FD Disclosure. |
On October 14, 2015, the Company issued a press release entitled “Scandium International Receives US$2.07M from Royalty Sale on Nyngan and Honeybugle Scandium Projects in Australia”.
A copy of the press release is attached to this report as Exhibit 99.1 and incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information in this report, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits |
The following Exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.
| 10.1 | Royalty Deed dated October 13, 2015 |
| 99.1 | News release dated October 14, 2015 |
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.
| Scandium International Mining Corp. | |||
| Date | October 16, 2015 | (Registrant) | |
| /s/ Edward Dickinson | |||
| Edward Dickinson, Chief Financial Officer |