SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
February 5, 2012 (January 24, 2013)
Date of Report (Date of earliest event reported)
LIBERTY COAL ENERGY CORP.
(Exact name of registrant as specified in its charter)
Nevada 0-54073 75-3252264
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
99 - 18th Street, Suite 3000, Denver, Colorado 80202
(Address of principal executive offices) (Zip Code)
(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.):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
[ ] 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 24, 2013, Liberty Coal Energy Corp. consummated a Securities Purchase
Agreement with Asher Enterprises, Inc. The agreement was entered into pursuant
to a January 24, 2012 resolution of Company's Board of Directors. Asher agreed
to purchase a Convertible Note in the amount of $32,500.00, due and payable on
October 28, 2013 with interest payable at 8%. The Note was funded on January 30,
2013. The Note is convertible into Common Shares of the Company, for which the
Company has reserved 64,800,000 shares.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
The disclosure set forth above under Item 1.01 is hereby incorporated by
reference into this Item 2.03.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits. The following exhibits are being filed herewith:
10.1 Securities Purchase Agreement between the Company and Asher Enterprises,
10.2 Convertible Promissory Note between the Company and Asher Enterprises, Inc.
99.1 Board of Directors Resolution of the Company relating to Asher Enterprises,
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.
LIBERTY COAL ENERGY CORP.
Date: February 5, 2012 By: /s/ Robert T. Malasek
Chief Financial Officer, Secretary & Director