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, 2010 GULFSTAR ENERGY CORPORATION --------------------------- (Exact name of registrant as specified in its charter) Colorado 333-151398 02-0511381 - ------------------------------------- ---------------------- --------------------------------- (State or other jurisdiction of (Commission File (IRS Employer Identification incorporation) Number) Number) 3410 Embassy Drive, West Palm Beach, FL, 33401 ---------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (561) 703-8974 -------------- Registrant's telephone number, including area code Gulfstar Energy Corporation --------------------------- (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 (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) Section 8 - OTHER EVENTS Item 8.01 Other Events. Letter of Intent Gulfstar Energy Corp, a Colorado corporation (collectively with its owned or controlled subsidiaries, the "Company") has engaged Maxim Group LLC (together with its affiliates and subsidiaries, the "Placement Agent") to act as the Company's exclusive Placement Agent in connection with the Company's proposed private placement (the "Offering") of equity, convertible, debt and/or equity linked securities (the "Securities") of the Company. The precise terms of the Securities and the gross proceeds of such Offering will be negotiated between the Placement Agent and the Company with one or more Investors (as defined below), it being understood that the gross proceeds of the Offering will be up to $15 million. Section 9 FINANCIAL STATEMENTS AND EXHIBITS Item 9.01 Financial Statements and Exhibits (c) Exhibits. The following is a complete list of exhibits filed as part of this Report. Exhibit numbers correspond to the numbers in the exhibit table of Item 601 of Regulation S-B. Exhibit No. Description ----------- ----------- 10.1 Letter of Intent - -------------------- *Filed herewith 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. GULFSTAR ENERGY, CORPORATION By: /s/Robert McCann -------------------- Robert McCann, Chief Executive Officer Date: September 15, 2010