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
October 29, 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 5 – CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OFCERTAIN OFFICERS. |
Grant of Options to Executive Officers under the 2013 Stock Incentive Plan
Effective October 29, 2013, Royal Mines And Minerals Corp. (the “Company”) granted to its directors and officers, non-qualified stock options to acquire an aggregate of 10,800,000 shares of the Company’s common stock under the Company’s 2013 Stock Incentive Plan (the “2013 Plan”). The options granted are exercisable immediately at a price of $0.03 per share, and expire five years after the grant date.
| | Total Number of | | |
| | Shares Subject to | Exercise Price | |
| Name | Options | Per Share | Expiration Date |
| | | | |
K. Ian Matheson
CEO, President and Director | 4,500,000
| $0.03
| October 29, 2018
|
| | | | |
Jason S. Mitchell
CFO, Treasurer, Secretary and Director | 4,500,000
| $0.03
| October 29, 2018
|
| | | | |
Michael C. Boyko
Director | 1,800,000
| $0.03
| October 29, 2018
|
In addition to the options granted to the Company's directors and executive officers, the Company granted options to acquire an additional 7,300,000 shares of the Company’s common stock under the 2013 Plan to a director and various consultants of the Company. See Item 8 – Other Events, below.
A copy of the form of non-qualified stock option agreement is attached as an exhibit to this Current Report on Form 8-K.
SECTION 8 – OTHER EVENTS
Grant of Options Pursuant to 2013 Plan
On October 29, 2013, the Company granted non-qualified stock options to acquire an aggregate of 18,100,000 shares of the Company’s common stock under the Company’s 2013 Stock Incentive Plan (the “2013 Plan”) to various officers, directors and consultants of the Company. Each options was granted for a five term with an exercise price of $0.03 per share. Of the 18,100,000 granted, 10,800,000 were issued to the Company's directors and executive officers and the remaining 7,300,000 were issued to various consultants of the Company.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS. |
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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 31, 2013 | | |
| | By: | /s/ Jason S. Mitchell |
| | | |
| | | JASON S. MITCHELL |
| | | Chief Financial Officer |
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