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EX-10.1 - EXH 10-1 EXTENSION AGMT - CALAIS RESOURCES INCexh10-1_extension.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):  June 8, 2011



Calais Resources Inc.
(Exact name of registrant as specified in its charter)


British Columbia
 
000-29392
 
98-0434111
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)


4415 Caribou Road, P.O. Box 653, Nederland, CO 80466-0653
 (Address of principal executive offices)                       (Zip Code)


Registrant’s telephone number, including area code: (303) 258-3806


N/A
(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 (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 Material Definitive Agreement.

On January 15, 2011, Calais Resources Inc. (the “Company”) entered into a Forbearance Agreement with Brigus Gold Corp. (“Brigus”) pursuant to which Brigus has agreed to extend the forbearance period to June 30, 2011 for the three notes held by Brigus which are secured by the Colorado assets of the Company.  The original forbearance periods with respect to these notes were scheduled to expire in early February and March 2011.

On June 8, 2011, the Company entered into an Extension Agreement with Brigus, in which Brigus agreed to extend the June 30, 2011 date to October 31, 2011 upon receipt by Brigus of at least a minimum of US$1,000,000 from the Company.  The Company wired funds to Brigus on June 8, 2011 in the amount of US$1,000,000 to be applied against the interest due on the notes covered by the Forbearance Agreement.

Item 9.01.           Financial Statements and Exhibits

Regulation
S-K Number
Document
   
10.1
Extension  Agreement with Brigus Gold Corp. dated June 8, 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.
 
  CALAIS RESOURCES INC.  
       
June 9, 2011
By:
/s/ David K. Young  
    David K. Young  
    President  
       
 
 
 
 
 
2
 
 

 
 
 

 

EXHIBIT INDEX

Regulation
S-K Number
Document
   
10.1
Extension  Agreement with Brigus Gold Corp. dated June 8, 2011
 
 
 
 
 
 
 
 
 
 
 
 
 
3