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): March 23, 2012
Calais Resources Inc.
(Exact name of registrant as specified in its charter)
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British Columbia
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000-29392
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98-0434111
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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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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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 2.04.
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Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
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On March 23, 2012, the registrant received a default notice dated March 22, 2012 from Brigus Gold Corporation (“Brigus”) pursuant to (i) the Forbearance Agreement dated January 15, 2011, (ii) the Extension Agreement dated June 8, 2011, and (iii) the Promissory Notes referenced in the Forbearance Agreement and Extension Agreement. The Promissory Notes are secured by the registrant’s Colorado assets. Brigus has demanded payment of all principal, interest and fees, which total $10,825,952, by 5:00 p.m. (Halifax, Nova Scotia time) on March 29, 2012. The registrant is uncertain of the outcome at this time.
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.
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CALAIS RESOURCES INC.
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March 29, 2012
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By: /s/ David K. Young
David K. Young
President
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