Attached files
| file | filename |
|---|---|
| EX-99.1 - Ruby Creek Resources, Inc. | v208134_ex99-1.htm |
| EX-10.27 - Ruby Creek Resources, Inc. | v208134_ex10-27.htm |
| EX-10.16 - Ruby Creek Resources, Inc. | v208134_ex10-26.htm |
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): January 12, 2011
Ruby Creek
Resources, Inc.
(Exact
Name of Registrant as Specified in Charter)
|
Nevada
|
000-52354
|
26-4329046
|
||
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
||
|
750 3rd Avenue, 11th Floor, New York, New
York
|
10017
|
|||
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
|||
212-679-5711
Registrant’s
telephone number, including area code
(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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o 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 Material Definitive
Agreement.
|
Effective
January 12, 2010, Ruby Creek Resources,
Inc. (the “Company”) entered into an Agreement to acquire its first mining
license on the Gold Plateau Project in southern Tanzania. The
25-year, 10 sq km mining license comes as part of the acquisition of the 139 sq
km (54 sq mile) property package owned by the privately held company, Gold
Standard Tanzania Ltd. The property is immediately adjacent to and on
the west-northwest border of Ruby Creek’s Gold Plateau Project, Mkuvia 1
Property, acquired in November 2009.
Ruby
Creek has made two acquisitions, each for US$1,500,000. The first
acquisition is for the purchase of the 95% controlling interest of Gold Standard
Tanzania Ltd. whose assets include a 25-year, 10 square kilometer mining license
issued in September 2010, two Prospecting License Joint Ventures of 40 and 89
square kilometers, respectively, a Regional Environmental Report on the combined
139 square kilometer property and an established mining camp. The
second acquisition is for the purchase of mining equipment located both on-site
and in Dar es Salaam. This equipment includes excavators, dump
trucks, loaders, bulldozers, supply and support vehicles, and other mining
equipment that increases our production capacity.
The total
acquisition cost of the assets including the mining license, property and mining
equipment is US$3,000,000 plus the assumption of certain liabilities
approximating US$585,000. The terms of each Agreement include a cash
payment of US$500,000 on closing, totaling US$1,000,000 and an 18-month
US$1,000,000 convertible debenture on each Agreement totaling
US$2,000,000. On closing, Ruby Creek will own 95% of Gold Standard
Tanzania Ltd. and 100% of the mining equipment.
|
Item
9.01.
|
Financial
Statements and Exhibits.
|
|
Exhibit
No.
|
Description
|
|
10.26
|
Purchase
Agreement by and between Ruby Creek Resources, Inc., Gold Standard Ltd.,
and Gold Standard Tanzania Ltd., effective as January 12,
2011.
|
|
10.27
|
Equipment
Purchase Agreement by and between Ruby Creek Resources, Inc., Gold
Standard Ltd., and Gold Standard Tanzania Ltd., effective as January 12,
2011.
|
|
99.1
|
Press
release issued by Ruby Creek Resources, Inc. dated January 12,
2011
|
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.
| RUBY CREEK RESOURCES, INC. | |||
|
Dated:
January 13, 2011
|
By:
|
/s/ Robert Slavik | |
| Robert Slavik, | |||
| President, Chief Executive Officer | |||