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                                  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

                       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)

                                 (888) 399-3989
              (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
    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 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,
     Inc.

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,
     Inc.

                                       2

                                   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.

                               LIBERTY COAL ENERGY CORP.


Date: February 5, 2012         By: /s/ Robert T. Malasek
                                   ---------------------------------------------
                                   Chief Financial Officer, Secretary & Director