UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): October 30, 2015
AMERICAN INTERNATIONAL VENTURES, INC.
(Exact name of registrant as specified in its charter)
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Delaware | 000-30368 | 22-3489463 |
(State or other jurisdiction of incorporation or organization) | Commission file number | (IRS Employer Identification Number) |
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15122 Tealrise Way, Lithia, Florida |
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(Address of principal executive offices) |
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Registrant's telephone number, including area code: (813) 260-2866
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:
[ ] 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 2.01. Completion of Acquisition or Disposition of Assets.
On October 30, 2015, the Company sold its Bruner property to Canamex Resources U.S., Inc. for $750,000 cash. Canamex also assumed the obligations of the Company to Patriot Gold Corp (“Canamex”) under the Option Agreement between the Company and Patriot (“Patriot”). The sale to Canamex was subject to the Company’s 1.5% net smelter return (NSR) royalty as well as an underling royalty of 2.0% to the original project vendor.
The Company utilized approximately$68,000 of the Bruner sale proceeds to close its acquisition of the Golden Eagle Property located in Winnemucca, Humboldt County, Nevada pursuant to the Company’s Purchase Agreement dated April 30, 2012. Golden Eagle is comprised of approximately 702 acres of patented placer mining claims.
SIGNATURE
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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| AMERICAN INTERNATIONAL VENTURES, INC. |
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| By: | /s/ Jack Wagenti |
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| Name: Jack Wagenti |
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| Title: Chairman |
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| Date: November 4, 2015 |
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