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): July 7, 2011.
SIGA RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Nevada 333-145879 74-3207964
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
1002 Ermine Court
South Lake Tahoe, CA, 96150
(Address of principal executive offices)
530-577-4141
(Registrant's telephone number, including area code)
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 DEFINITIVE MATERIAL AGREEMENT
REVISED ACQUISITION AGREEMENT FOR BIG BEAR CLAIMS WITH MONTANA MINING
CORPORATION
On July 7, 2011, the Company entered into an addendum to the previously
disclosed letter agreement ("LOI") dated Jun 15, 2011, with Montana Mining
Corporation, a Delaware corporation headquartered in Blaine, WA, to acquire 100%
of the Big Bear Mining Claims 1-9 located in the San Bernardino County (the "Big
Bear Claims"). Under the revised terms of the LOI, the Company will issue
11,000,000 restricted shares of the Company (the "Shares") to acquire 100% of
the Big Bear Claims.
The amended terms allow the Company to commence a limited work program (the
"Work Program") to be completed within 120 days, at an estimated cost of $50,000
to $100,000. If the Company is satisfied with the results of the Work Program,
the Company shall issue 3,000,000 shares of its common stock within 30 days of
receiving the results and report of the Work Program.
The Company shall issue up to an additional 8,000,000 shares of its common stock
pursuant to the following schedule for a total potential issuance of 11,000,000
shares as follows:
1. Issue a further 2,500,000 shares upon 1 Million oz of gold proven by
accepted geological methods
2. Issue a further 2,500,000 shares upon 2 Million oz of gold proven by
accepted geological methods
3. Issue a further 1,500,000 shares upon 2.5 Million oz of gold proven by
accepted geological methods
4. Issue a further 1,500,000 shares upon 3 Million oz of gold proven by
accepted geological methods
Drilling and other methods to prove up the gold reserves will commence within
180 days of completion of the Work Program, subject to all required governmental
approvals. Classification of gold reserves as proven will be done according to
the standards required by Canadian National Instrument 43-101 or similar US or
Australian rules for such classification.
CANCELLATION OF CROWN EQUITY HOLDINGS CONTRACT
The Company has cancelled its investor relations and media advertisement
services contract with Crown Equity Holdings Inc. and will not be using their
services. The Company has cancelled and returned to treasury the 2,000,000
shares that it had issued as consideration for these services.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(A) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
Not applicable.
(B) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(C) SHELL COMPANY TRANSACTIONS.
Not applicable.
(D) EXHIBITS
Ex. 10.1 Addendum to the Letter Agreement dated July 7, 2011
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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.
SIGA RESOURCES INC.
Date: July 11, 2011. /s/ Edwin Morrow
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EDWIN MORROW
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