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:
August 26, 2013
CYCLONE URANIUM CORPORATION
(Exact name of registrant as specified in its charter)
| Nevada | 0-17386 | 88-0227654 |
| State of | Commission File | IRS Employer |
| Incorporation | Number | Identification No. |
2186 S. Holly St., Suite 104
Denver, CO 80222
Address of principal executive offices
303-800-0678
Telephone number, including
Area code
_____________________________
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
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement
An event of default occurred under the Secured Promissory Note dated August 31, 2012 between the Company and BOCO Investments, LLC (the “Note”) on August 26, 2013 when the Company failed to pay all amounts then due and owing under the Note. The amount of the Note is $418,986.22 and is secured by all of the property of the Company. Additionally, the Note is secured by pledges of Company common stock from James Baughman, Maria Baughman and Publican Capital Corporation and Purcell Group LLC. BOCO Investments, LLC has issued a letter foreclosing on the pledge by Purcell Group LLC for a total number of shares of Company common stock of 10,526,316.
SIGNATURE
Pursuant to 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.
|
CYCLONE URANIUM CORPORATION
By: /s/ James G. Baughman James G. Baughman President and Chief Executive Officer |
Dated: August 30, 2013
