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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): January 31st , 2007
HuntMountain Resources
(Exact Name of Registrant as Specified in its Charter)
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Nevada | 001-01428 | 68-0612191 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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1611 N. Molter Road, Ste. 201, Liberty Lake, WA | 99019 |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code:(509) 892-5287
(Former Name or Former Address if Changed Since Last Report)
Check the appropriate box below if the Form 8K 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 (17CFR230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SEC 873 (5-06)
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Item 1.01
Entry into a Material Definitive Agreement
As of January 31, 2007, HuntMountain Resources has obtained an unsecured loan for multiple advances up to $2,000,000 from Tim Hunt and/or related parties for the specific purpose of providing working capital, surety, bonding and/or indemnification purposes for HuntMountain Resources and its subsidiaries. The maturity on the loan(s) shall be not more than 180 days beyond the date of the note(s). The simple interest rate shall be not more than eleven percent (11%) per annum on the actual day’s accrual basis. A loan fee shall not exceed one percent (1%). It is the understanding of the parties that the loan is to be repaid through receipt of cash from securities sales in a HuntMountain Resources private placement. At the creditors discretion the outstanding principle and interest may be converted into units of HuntMountain common stock, and each unit consists of one share of common stock at $.43 and one warrant to acquiring additional stock at $.60 for a period up to 2 years.
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.
/s/ Tim Hunt
Date: January 31st, 2007
By:
Tim Hunt, Chairman & CEO
