UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 000-31184
Date of Report: July 9, 2012
SHOSHONE SILVER/GOLD MINING COMPANY
(Exact name of registrant as specified in its charter)
| IDAHO | 82-0304993 |
| (State of other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
5968 N. Government Way #305 Coeur d’Alene, ID 83815
(Address
of principal executive offices)
(843) 715-9504
(Registrant’s
telephone number, including area code)
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 July 9, 2012 Shoshone Silver/Gold Mining Company ("Shoshone") issued a Form 8k indicating Shoshone had executed an Option to Lease agreement ("the Agreement") with Black Mountain Resources Limited ("BMZ"), an Australian company listed on the Australian Securities Exchange. Under the Agreement, Shoshone grants BMZ an option ("the Option") to lease for a 15-year period Shoshone's Lakeview District Mill ("the Mill"). The Agreement also gives BMZ the right to acquire Shoshone's mineral claims comprising the Weber Mine Property in the Lakeview District upon BMZ's executing the Option. Further, Shoshone will receive a nonrefundable cash payment of $500,000 from BMZ and BMZ is thereby given the right to conduct due diligence for a period of 90 days.
Shoshone amends and corrects the previous 8k filed July 9, 2012 to read as follows:
"If BMZ chooses to execute the Option within this period, it will issue a total of 11,000,000 shares of its common stock to Shoshone, with 5,500,000 of such shares to be issued after a one year voluntary escrow. Upon execution of the Option, BMZ will also become the owner of the Weber Mine Property claims."
The 8k issued on July 9, 2012 had identified the number of shares to be issued incorrectly as 5,000,000 shares with 2,500,000 shares subject to a one year voluntary escrow.
The remainder of the contents of the July 9, 2012 Form 8-K remain the same.
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.
| SHOSHONE SILVER/GOLD MINING COMPANY | |
| Date: July 10, 2012 | |
| /s/ John Ryan | |
| John Ryan | |
| Treasurer
and Chief Financial Officer (Principal Financial Officer) |