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EX-10.1 - Nevada Canyon Gold Corp.ex10-1.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) August 7, 2017

 

NEVADA CANYON GOLD CORP.

(Exact Name of Registrant as Specified in its Charter)

 

Nevada   000-55600   46-5152859
(State or other jurisdiction
of incorporation)
  (Commission
File number)
  (IRS Employer
Identification No.)

 

316 California Ave., Suite 543, Reno, NV 89509

(Address of principal executive offices) (zip code)

 

Registrant’s telephone number, including area code (888) 909-554

 

 

  

(Former name or former address, if changed since last report.)

 

Copies to:

Brunson Chandler Jones, PLLC

175 South Main Street, Suite 1410

Salt Lake City, Utah 84111

Phone: (801) 303-5730

 

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 (see General Instruction A.2. below):

 

[  ] 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

 

Exploration Lease Agreement

 

On August 2, 2017, the Nevada Canyon Gold Corp. (“NCG”) entered into an Exploration Lease Agreement (the “Agreement”) with Tarsis Resources US Inc, a Nevada corporation on the Lazy Claims, consisting of 3 claims, (60 acres) located in Mineral County, Nevada about 18 miles southeast of the town of Hawthorne. (the “Property”).

 

The term of the Agreement commences on August 2, 2017 and continues for ten (10) years, subject to NCG’s right to extend the Agreement for two (2) additional terms of ten (10) years each.

 

Full consideration of the Agreement consists of the following: an initial cash payment of $1,000.00 to the Owner, that was paid upon the execution of the agreement on August 2, 2017, $2,000.00 to be paid to the Owner on each subsequent anniversary of the Effective Date. NCG shall pay to Owner a production royalty (the “Royalty”) based on the Gross Returns from the production and sale of Minerals from the Property. The Royalty percentage rate shall be two percent (2%). If the Royalty payments to Owner are in excess of two thousand dollars ($ 2,000.00) per year, there will be no minimum annual payment due as described above.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits

 

Exhibit No.   Description
     
10.1   Exploration Lease Agreement, dated August 2, 2017

 

   
 

 

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.

 

NEVADA CANYON GOLD CORP.  
   
By: /s/ Jeffrey Cocks  
  Jeffrey Cocks  
  President and Chief Executive Officer  
   
Date:  August 7, 2017