Current Report Filing (8-k)
02 Outubro 2013 - 6:21PM
Edgar (US Regulatory)
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
September 27, 2013
Date of Report (Date of
earliest event reported)
ROYAL MINES AND MINERALS
CORP.
(Exact name of registrant as specified in its
charter)
NEVADA |
000-52391 |
20-4178322 |
(State or other jurisdiction of |
(Commission File |
(IRS Employer Identification No.) |
incorporation) |
Number) |
|
2580 Anthem Village Dr. |
|
Henderson, NV |
89052 |
(Address of principal executive offices) |
(Zip Code) |
(702) 588-5973
Registrant's telephone number,
including area code
Not Applicable
(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:
[ ] |
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))
|
SECTION 1 REGISTRANTS BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE
AGREEMENT.
On September 27, 2013, Royal Mines and Minerals Corp. (the
Company) entered into a settlement and security release agreement (the
Release Agreement) with Golden Anvil S.A. de C.V. (Golden Anvil). Under the
terms of the Release Agreement, the Company agreed to release Golden Anvil S.A.
de C.V. from loan agreements pursuant to which, Golden Anvil owed the Company
USD$983,055 in secured indebtedness (the Indebtedness). In exchange for the
release, Golden Anvil had 2,000,000 common shares (the Gainey Shares) of
Gainey Capital Corp. (Gainey) issued to the Company as part of an asset
purchase agreement (the Asset Purchase) between Golden Anvil and Gainey.
The Asset Purchase was completed on September 30, 2013 and will
serve as Gaineys qualifying transaction under TSX Venture Exchange rules for
capital pool companies. As such, the Gainey Shares will be released pursuant to
the terms of a surplus escrow agreement as follows:
Percentage of the Gainey |
Approximate Date of |
Shares be
Released |
Release |
5% |
October 2, 2013 |
5% |
April 2, 2013 |
10% |
October 2, 2014 |
10% |
April 2, 2014 |
15% |
October 2, 2015 |
15% |
April 2, 2015 |
40% |
October 2, 2016
|
In addition, the Gainey Shares are subject to a voluntary
pooling agreement, which provides that none of the Gainey Shares may be traded
before October 2, 2014.
A copy of the Release Agreement is attached as exhibit 10.5 to
this Current Report on Form 8-K.
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE
AGREEMENT.
In accordance with the terms of the Release Agreement, the
Company agreed to release Golden Anvil from any liabilities that may have result
from the Indebtedness and any other dealings, including the following
agreements:
|
(a) |
Letter of Intent dated October 21, 2009 between the
Company and Golden Anvil; |
|
(b) |
Toll Processing Agreement dated December 3, 2009 between
the Company and Golden Anvil; |
|
(c) |
Loan Agreement dated August 25, 2010 between the Company
and Golden Anvil; and |
|
(d) |
Memorandum of Understanding dated October 19, 2010
between the Company and Golden Anvil. |
As such the above agreements, any amendments or related
documents thereto have been effectively terminated.
2
SECTION 9 FINANCIAL STATEMENT AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit
Number |
|
Description of Exhibit |
10.1 |
|
Letter of Intent dated October
21, 2009 between Royal Mines And Minerals Corp. and Golden Anvil, SA de
CV. (1) |
10.2 |
|
Toll Processing Agreement dated December 3,
2009 between Royal Mines And Minerals Corp. and Golden Anvil, SA de CV.
(2) |
10.3 |
|
Extension Agreement dated for
reference February 15, 2010 between Royal Mines And Minerals Corp. and
Golden Anvil, SA de CV. (3) |
10.4 |
|
Loan Agreement between Royal Mines And Minerals
Corp. and Golden Anvil, SA de CV. (4) |
10.5 |
|
Settlement and Security Release Agreement dated September 27, 2013 between the Company and Golden Anvil S.A. de C.V. |
99.1 |
|
Memorandum of Understanding dated October 19,
2010 between Royal Mines And Minerals Corp. and Golden Anvil, SA de
CV.(5) |
(1) |
Filed with the SEC as an exhibit to our Current Report on
Form 8-K filed November 3, 2009. |
(2) |
Filed with the SEC as an exhibit to our Current Report on
Form 8-K filed December 10, 2009. |
(3) |
Filed with the SEC as an exhibit to our Quarterly Report
on Form 10-Q filed March 16, 2010. |
(4) |
Filed with the SEC as an exhibit to our Current Report on
Form 8-K filed August 31, 2010. |
(5) |
Filed with the SEC as an exhibit to our Current Report on
Form 8-K filed November 1, 2010. |
SIGNATURE
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.
|
ROYAL MINES AND MINERALS CORP.
|
Date: October 2, 2013 |
|
|
|
By: |
/s/
Jason S. Mitchell |
|
|
JASON S. MITCHELL |
|
|
Chief Financial Officer & Treasurer
|
3
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