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): February 28, 2006
BRINX RESOURCES LTD.
(Exact name of registrant as specified in its charter)
NEVADA 333-102441 98-0388682
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
820 PIEDRA VISTA ROAD NE, ALBUQUERQUE, NM 87123
(Address of principal executive offices)(Zip Code)
(505) 250-9992
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 (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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On February 28, 2006, Brinks Resources Ltd, a Nevada corporation ("BNXR"),
entered into an Assignment Agreement (the "Assignment Agreement") with Bud
Enterprises, a British Columbia, Canada corporation, ("Assignor"), to be closed
within fourteen days of execution. On March 14, 2006, BNXR and the Assignor
extended the closing date of the Agreement to thirty days after execution (the
"Extension Agreement"). The parties closed the Assignment Agreement on March 17,
2006. BNXR paid cash in the amount of $350,000 to Assignor on March 17, 2006 and
assumed all of Assignor's obligations in connection with the Griffin Drilling
Program Agreement.
Under the terms of the Assignment Agreement, Assignor assigned to BNXR all its
interests in a Drilling Program Agreement previously entered into by Assignor
and Griffin and Griffin LLC, a Mississippi limited liability company, on
December 21, 2005 (the "Griffin Drilling Program Agreement"). Assignor's
interest in the Griffin Drilling Program includes a ten percent (10%) gross
working interest and revenue interest in a new ten-hole drilling operation in
Palmetto Point, Mississippi. The targets are primarily natural gas.
The Assignment Agreement is furnished herewith as Exhibit 10.1 and incorporated
by reference herein. The Extension Agreement is furnished herewith as Exhibit
10.2 and incorporated by reference herein.
On March 8, 2006, the Company issued a press release announcing the Assignment
Agreement. The press release is furnished herewith as Exhibit 99.1 and
incorporated by reference herein.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
REGULATION DOCUMENT
S-K NUMBER
10.1 Assignment Agreement Letter Agreement dated February 28, 2006.
10.2 Extension Agreement dated March 14, 2006.
99.1 Press Release dated March 8, 2006.
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.
BRINX RESOURCES LTD.
March 17, 2006 By: /s/ LEROY HALTERMAN
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Leroy Halterman, President
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