Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - ALTAIR INTERNATIONAL CORP. | tm2028836d1_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 14, 2020
Altair International Corp.
(Exact name of registrant as specified in its charter)
| Nevada | 333-190235 | 99-0385465 | ||
| (State of other jurisdiction | (Commission | (IRS Employer | ||
| of incorporation) | File Number) | Identification No.) |
| 6501 E. Greenway Pkwy #103-412 | ||
| Scottsdale, AZ | 85254 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (760) 413-3927
(Former name or former address, if changed since last report.)
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)) |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock | ATAO | OTC:Pink |
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 1.01 Entry into a Material Definitive Agreement.
On August 14, 2020, the registrant ("Altair International") entered into a Mining Lease effective August 3, 2020 with Oliver Geoservices LLC under which Altair International received an exclusive lease to mine certain property for a period of five years that can be extended for an additional twenty years if a certain extension payment is made within the term of the lease. Altair International is required to make advance royalty payments to maintain its exclusivity commencing December 1, 2020, starting at $25,000 and increasing in $25,000 increments each year for the initial five year term to $100,000 as well as a 3% net smelter fee royalty on all mineral production from the leased property. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement which is filed as exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Exhibits
| 10.1 | Mining Lease dated August 14, 2020 between Altair International Corp. and Oliver Geoservices LLC* |
*Portions of this exhibit 10.1 have been omitted and separately filed with the SEC with a request for confidential treatment.
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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 thereunto duly authorized.
| Date: August 18, 2020 | Altair International Corp. | |
| By: | /s/ Alan M. Smith | |
| Alan M. Smith | ||
| President and CEO | ||
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