SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
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 17, 2016
FIRMA HOLDINGS CORP.
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(Name of Small Business Issuer in its charter)
Nevada 333-143512 20-5000381
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(State of incorporation) (Commission File No.) (IRS Employer
Identification No.)
181 N. Arroyo Grande Blvd.
Ste. #140B
Henderson, NV 89074
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (888) 901-4550
N/A
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(Former name or former address if changed since last report)
Check 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-14(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry Into a Material Definitive Agreement
See Item 2.01 of this report.
Item 2.01. Completion of Acquisition or Disposition of Assets
On February 17, 2016 Firma Holdings Corp., through its wholly owned
subsidiary American Metal Mining, S.A. de C.V., purchased and took control of
the Magistral Del Oro tailings project, which is located in what is known as the
"Golden Triangle" in Santa Maria Del Oro, Durango, Mexico. The terms of the
transaction required Firma to pay a nominal price and assume accounts payable
and environmental remediation obligations of approximately $1,440,000.
The acquisition includes a 500 TPD Dynamic Cyanide counter current system
plant. The plant was completed in 2013, for approximately $4.5 million. It is
unencumbered, production ready and fully permitted.
The Magistral project includes the exclusive rights to process
approximately 1.2 million tonnes of mineralized mill tailings, grading an
average of 2.06 gold per tonne (79,000 ounces of gold). Firma is required to pay
a per-tonne royalty to the local government as material is processed. Based on
an $1,100 spot gold price, the royalty is currently set at $3 per tonne. Going
forward, the royalty adjusts by the percentage of change that the spot gold
price increases or decreases. The fee is calculated monthly, using a previous
thirty day average of the spot gold price.
A comprehensive report, including a metallurgical assessment of the
mineralized tailings, was completed by Kappes Cassiday and Associates, an
independent mining engineering firm, which confirmed recovery rates of
approximately 82%. During Firma's pre-purchase due diligence, a volume and grade
value report was commissioned and provided, which validated expected grade and
tonnage. Additionally, to confirm previous metallurgical results, a report was
commissioned and completed by two different Mexican based Metallurgical
Engineering companies, with both company's reports confirming previous grade,
process, and recovery results.
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.
Date: February 29, 2016
FIRMA HOLDINGS CORP.
By: /s/ Francis R. Biscan
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Francis R. Biscan, President