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: March 3, 2006 -------------- BRAVO RESOURCE PARTNERS LTD. ---------------------------------------------- (Name of Small Business Issuer in its charter) Yukon, British Columbia 0-30770 04-3779327 ------------------------ ------------------ ------------------- (State of incorporation) Commission File No. (IRS Employer Identification No.) 2993 S. Peoria Street, Suite 302 Aurora, Colorado 80014 ------------------------------------------------ (Address of Principal Executive Office) Zip Code Registrant's telephone number, including Area Code: (303) 261-1370 -------------- Item 1.01 Entry into a Material Definitive Agreement. - ----------------------------------------------------- Bravo Resource Partners Ltd. (TSXV NEX-BRV.H) (the "Company") announces that on March 3, 2006, it entered into an agreement to settle debt owed to an insider, Ernest Staggs, a director and chief financial officer of the Company. The Company has agreed to issue 1,250,000 shares at $0.08 Canadian in satisfaction of debt in the amount of $88,350 USD. All proposed transactions are subject to acceptance by the TSX Venture Exchange and other applicable regulatory approvals. 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. Dated: March 3, 2006 BRAVO RESOURCE PARTNERS, LTD. By: /s/ Tyrone R. Carter ---------------------- Tyrone R. Carter Director