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): February 5, 2012
AMERICAN CORDILLERA MINING CORPORATION
(Exact name of small business issuer as specified in its charter)
Commission File Number: 000-50738
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Nevada | 91-1959986 |
(State or jurisdiction of Incorporation or organization) | (I.R.S Employer I.D No.) |
1314 S. Grand Blvd, Ste. 2-250, Spokane, WA 99202
(Address of principal executive offices)
|
(509) 744-8590 |
(Issuer’s telephone number) |
___________________________
(Former name, former address and former fiscal year, 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(17CFR240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))
ITEMS TO BE INCLUDED IN THIS REPORT
Item 1.01. Entry into a Material Definitive Agreements.
On February 5, 2013, American Cordillera Mining Corporation (AMCOR) entered into a definitive joint venture agreement with Archean Star Resources, Inc. (ASR) company pertaining to 20 unpatented claims leased by AMCOR. The claims cover the Monitor-Richmond-Copper Age mines which were historic producers between 1900 and 1920. As part of the transaction, AMCOR received 500,000 shares of ASR common stock and will receive an additional 500,000 shares of ASR common stock on the second and third anniversaries of the agreement, subject to ASR going forward with the agreement after year one. ASR will assume the obligations of the underlying lease agreement and pay AMCOR a total of $25,000.
Under the terms of the agreement ASR can earn up to 80% ownership interest in the property lease by expending $2,100,000 over a three year period, with a minimum expenditure of $700,000 in year one of the Agreement. At such time as ASR expends $2.1 million in exploration and development it will earn an 80% ownership interest in the Lease. AMCOR’s interest shall be a Carried Interest until such time as a Bankable Feasibility Study has been produced or a Decision to mine has been made.
Item 7.01. Regulation FD Disclosure
On February 11, 2013, AMCOR issued a press release announcing a definitive joint venture agreement with Archean Star Resources, Inc. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
Item 9.01. Exhibits. Financial Statements and Exhibits
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| (c) | Exhibits |
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| 10.1 | Joint Venture Agreement between AMCOR and Archean Star Resources, Inc. dated February 5, 2013 |
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| 99.1 | Press Release issued February 11, 2013 by AMCOR*
* This exhibit is intended to be furnished and shall not be deemed "filed” for purposes of the Securities Exchange Act of 1934, as amended. |
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.
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| | AMERICAN CORDILLERA MINING CORPORATION (Registrant) |
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Date: February 11, 2013 | | By: | | /s/ Frank H. Blair |
| | | | | | Frank H. Blair President and CEO |
