Attached files
| file | filename |
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| EX-99.1 - WHITE MOUNTAIN TITANIUM CORP | v190962_ex99-1.htm |
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 20, 2010
White
Mountain Titanium Corporation
(Exact
Name of Registrant as Specified in Charter)
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NEVADA
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333-129347
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87-057730
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(State
or Other Jurisdiction of Incorporation)
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Commission
File Number
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(IRS
Employer Identification No.)
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Augusto Leguia 100,
Oficina 812, Las Condes, Santiago, Chile
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None
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (56 2) 657-1800
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:
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o
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Written
communications pursuant to Rule 425 under the Securities
Act
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange
Act
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
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Item
8.01
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Other
Events
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On June
29, 2010, the board of directors authorized and on July 16, 2010, the Company
and other parties entered into a letter of intent (the “LOI”) for the
sublicensing to the Company’s subsidiary of titanium metal technology developed
by Chinuka Limited plc (“Chinuka”) and licensed to La Serena Technologies Ltd.
(“La Serena”). Michael P. Kurtanjek, our President and a director,
Brian Flower, our Chairman, and Howard M. Crosby, a director, hold partial
ownership and management interests in Chinuka and Messrs Kurtanjek and Flower
are directors of La Serena.
Simultaneous
with the filing of this report, the Company has issued a press release which
outlines the terms of the LOI. Pursuant to the LOI, the Company,
through its wholly owned subsidiary, Sociedad Contractual Minera White Mountain
Titanium, intends to enter into a definitive licensing agreement for use of the
technology on the Company’s Cerro Blanco project. Closing of the transaction is
subject to further negotiations and execution of a definitive agreement between
the parties. The definitive agreement will contain customary
representations and warranties of the parties and standard conditions to
closing. The shares to be issued in this transaction will not have
been registered under the Securities Act and may not be offered or sold absent
registration or an applicable exemption from registration
requirements.
A copy of
the press release attached as an exhibit to this report.
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Item
9.01
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Financial
Statements and Exhibits
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(d)
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Exhibits. The
following exhibits are included with this
filing:
|
99.1 Press
Release dated July 20, 2010
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.
| White Mountain Titanium Corporation | |||
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Date: July
20, 2010
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By |
/s/ Brian Flower
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Brian
Flower, Chairman
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