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) July 29, 2009
BLACKSANDS PETROLEUM, INC.
(Exact name of Registrant as specified in its charter)
Nevada | 000-51427 | 20-1740044 |
(State or other jurisdiction
of incorporation or organization) | (Commission File number) | (IRS Employer Identification No.) |
401 Bay Street, Suite 2700, PO Box 152
Toronto, Ontario Canada M5H 2Y4
_____________________________________________
(Address of principal executive offices) (Zip Code)
(416) 359-7805
__________________
(Registrant’s Telephone Number, Including Area Code)
___________________________________________________
(Former Name, Address and 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 for the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 29, 2009, Paul A. Parisotto resigned as President and Chief Executive Officer of Blacksands Petroleum, Inc. (“Blacksands”) effective July 31, 2009. Mr. Parisotto will remain with Blacksands as a director.
The board of directors of Blacksands (the “Board”) appointed Mark Holcombe, an independent director of Blacksands, to serve as the President and Chief Executive Officer of Blacksands effective August 1, 2009.
Mr. Holcombe, 40, founded Stirling Partners Limited, a boutique investment bank, in 2006, was the former Head of Corporate Development and Chief Compliance Officer at GEM Global Equities Management, S.A., an emerging market hedge fund, and was also an investment banker at DLJ and ING Capital in New York. Mr. Holcombe has over 18 years of natural resource industry and corporate finance experience. Since 2007, he serves on the board of Sandfield Ventures Corporation, PNG LNG Ltd. and Pacific LNG Operations LTD. Mr. Holcombe holds a B.A. from Colgate University.
The Board approved compensation for Mr. Holcombe of US$10,000 per month effective August 1, 2009. The compensation for Mr. Holcombe’s services as President and Chief Executive Officer will be paid to Mr. Holcombe’s personal services company, Holcombe Ventures LLC.
Item 9.01 | Financial Statements and Exhibits |
99.1 | Press Release dated July 29, 2009 |
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.
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| BLACKSANDS PETROLEUM, INC. |
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Date: August 10, 2009 | By: | /s/ Mark Holcombe |
| Name: | Mark Holcombe |
| Title: | President and Chief Executive Officer |
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99.1 | Press Release dated July 29, 2009 |
