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 7, 2017
NEVADA CANYON GOLD CORP.
(Exact Name of Registrant as Specified in its Charter)
| Nevada | | 000-55600 | | 46-5152859 |
(State or other jurisdiction
of incorporation) | | (Commission
File number) | | (IRS Employer
Identification No.) |
316 California Ave., Suite 543, Reno, NV 89509
(Address of principal executive offices) (zip code)
Registrant’s telephone number, including area code (888) 909-554
(Former name or former address, if changed since last report.)
Copies to:
Brunson Chandler Jones, PLLC
175 South Main Street, Suite 1410
Salt Lake City, Utah 84111
Phone: (801) 303-5730
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))
ITEM 1.01ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Exploration Lease Agreement
On August 2, 2017, the Nevada Canyon Gold Corp. (“NCG”) entered into an Exploration Lease Agreement (the “Agreement”) with Tarsis Resources US Inc, a Nevada corporation on the Lazy Claims, consisting of 3 claims, (60 acres) located in Mineral County, Nevada about 18 miles southeast of the town of Hawthorne. (the “Property”).
The term of the Agreement commences on August 2, 2017 and continues for ten (10) years, subject to NCG’s right to extend the Agreement for two (2) additional terms of ten (10) years each.
Full consideration of the Agreement consists of the following: an initial cash payment of $1,000.00 to the Owner, that was paid upon the execution of the agreement on August 2, 2017, $2,000.00 to be paid to the Owner on each subsequent anniversary of the Effective Date. NCG shall pay to Owner a production royalty (the “Royalty”) based on the Gross Returns from the production and sale of Minerals from the Property. The Royalty percentage rate shall be two percent (2%). If the Royalty payments to Owner are in excess of two thousand dollars ($ 2,000.00) per year, there will be no minimum annual payment due as described above.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
| Exhibit No. | | Description |
| | | |
| 10.1 | | Exploration Lease Agreement, dated August 2, 2017 |
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.
| NEVADA CANYON GOLD CORP. | |
| | |
| By: | /s/ Jeffrey Cocks | |
| | Jeffrey Cocks | |
| | President and Chief Executive Officer | |
| | |
| Date: August 7, 2017 | |
