Attached files
file | filename |
---|---|
EX-10.1 - EXHIBIT 10.1 OPTION AGREEMENT - AMERICAN CORDILLERA MINING Corp | ex10_1optionagreementapg.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 30, 2012
APD ANTIQUITIES, INC.
(Exact name of small business issuer as specified in its charter)
Commission File Number: 000-50738
Nevada | 91-1959986 |
(State or jurisdiction of Incorporation or organization) | (I.R.S Employer I.D No.) |
1314 S. Grand Blvd, Ste. 2-250, Spokane, WA 99202
(Address of principal executive offices)
(509) 744-8590 |
(Issuers telephone number) |
___________________________
(Former name, former address and former fiscal year, 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:
[ ] 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(17CFR240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))
ITEMS TO BE INCLUDED IN THIS REPORT
Item 1.01. Entry into a Material Definitive Agreements.
On July 3, 2012, APD Antiquities, Inc. and AMCOR Exploration, Inc., its wholly owned subsidiary (Optionees) entered into a Option to Purchase Assets Agreement (the Agreement) with Northern Adventures LLC and Northern Adventures, Inc. (Optionors) related to the option to purchase certain mineral assets, existing mineral lease agreements, unpatented mining claims and an option to purchase existing leases from the state of Washington. The exercise price for the option is the forgiveness of certain debts and accrued interest in the principal amount of $315,000 plus accrued interest of $18,331 as of June 30, 2012 owed by Northern Adventures, LLC to APD Antiquities and 80.5% of the outstanding shares of common stock of APD Antiquities as of the date of exercise to be issued to Northern Adventures, Inc. The term of this agreement ends in 90 days unless extended by mutual consent of the parties. The agreement is attached hereto as an exhibit and incorporated by reference (Exhibit 10.1 attached hereto).
On or before June 30, 2012, ten unrelated accredited investors who made convertible loans to APD Antiquities in the aggregate principal amount of $446,000 and interest due in the amount of $26,603, all agreed to extend the maturity date of their promissory notes from June 30, 2012 to August 14, 2012. These ten convertible notes can be converted to restricted common stock at $.05 per share.
Item 9.01. Exhibits. Financial Statements and Exhibits
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.
|
| APD ANTIQUITIES, INC. (Registrant) | ||||
|
|
| ||||
Date: July 5, 2012 |
| By: |
| /s/ Cindy K. Swank | ||
|
|
|
|
|
| Cindy K. Swank President and CEO |