Current Report Filing (8-k)
January 14 2015 - 1:54PM
Edgar (US Regulatory)
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):
January 14, 2015
_________________________
(Exact Name of Registrant as Specified in Charter)
Nevada |
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333-56262 |
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88-0482413 |
(State or Other Jurisdiction |
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(Commission File Number) |
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(IRS Employer |
of Incorporation) |
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Identification No.) |
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8390 Via de Ventura, Suite F-110, #215
Scottsdale, AZ |
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85258 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
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(928) 515-1942
(Registrant’s telephone number, including
area code)
Not Applicable
(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:
o |
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). |
o |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). |
o |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). |
o |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). |
On January 14, 2015, El Capitan Precious Metals,
Inc. issued a press release announcing its current financial and operating outlook for the fiscal year ending September 30, 2015.
A copy this press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 |
Financial Statements and Exhibits |
Exhibit No. |
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Description |
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99.1 |
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Press Release date January 14, 2015
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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.
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EL CAPITAN PRECIOUS METALS, INC. |
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By: |
/s/ John F. Stapleton |
Date: January 14, 2015 |
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Name: John F. Stapleton |
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Title: Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. |
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Description |
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99.1 |
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Press Release date January 14, 2015
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EXHIBIT 99.1
For Immediate Release
January 14, 2015
For Further Information Contact:
John Stapleton
480-440-1449
El
CAPITAN RELEASES 2015 GUIDANCE
AND
SECURES SHIPPING CONTAINERS
Scottsdale, Arizona – El Capitan Precious Metals, Inc.
(OTCQB: ECPN) announced its financial outlook for the fiscal year ending September 30, 2015. ECPN expects to book revenue from
sales of precious metals concentrates derived from head ore mining in the quarter ending March 31, 2015.
The
Company plans to mine 350,000–400,000 metric tons in
Fiscal 2015, yielding gross revenues from the sales of its precious metals concentrates of $22–26 million, while continuing
to stockpile its iron ore until prices become more favorable. El Capitan expects such revenues to yield $4.5–5.3 million
of pre-tax profit for fiscal 2015 booked on an accrual basis in accordance with Generally Accepted Accounting Principles (GAAP)
with a cumulative positive pre-tax profit expected in the quarter ending June 30.
ECPN also reported that it has successfully arranged with
a third party for the use of regularly available shipping containers to support its projected sales.
John F. Stapleton, Chairman of the Board of Directors of
ECPN, stated: “Our continued dedication to mining operations at our El Capitan property is delivering expected tangible results.
We will continue to work with our valued partners as we progress with our plan to profitably operate the mine for our shareholders
and as we seek a buyer.”
About El Capitan Precious Metals, Inc.:
El Capitan Precious Metals, Inc. is a mining
company based in Scottsdale, Arizona that is principally engaged in the mining of precious metals and other minerals. The Company’s
primary asset is its wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which holds the 100% equity interest in
the El Capitan property located near Capitan, New Mexico. www.elcapitanpmi.com
Forward-Looking Safe Harbor Statement:
The statements included in this press release
concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements
made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section
27A of the Securities Act of 1933, as amended. Forward-looking statements are statements that are not historical facts. Words
such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)" and similar expressions are intended to
identify forward-looking statements. These statements include, but are not limited to, statements regarding the expected
completion, timing and results of metallurgical testing, interpretation of drill results, the geology, grade and continuity
of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and expectations with respect to
the engaging in strategic transactions. All of such statements are subject to risks and uncertainties, many of which
are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ
materially from those expressed in, or implied or projected by, the forward-looking information and statements. Specifically,
there can be no assurance regarding the timing and terms of any transaction involving the Company or its El Capitan property,
or that such a transaction will be completed at all. In addition, there can be no assurance that periodic updates to the
Company's geological technical reports will support the Company's prior claims regarding the metallurgical value and make-up
of the ore on the New Mexico property. Additional risks and uncertainties affecting the Company include, but are not limited
to, the possibility that future exploration, development, testing or mining results will not be consistent with past results
and/or the Company's expectations; discrepancies between different types of testing methods, some or all of which may not
be industry standard; the ability to mine precious and other minerals on a cost effective basis; the Company's ability
to successfully complete contracts for the sale of its products; fluctuations in world market prices for the Company's
products; the Company's ability to obtain and maintain regulatory approvals; the Company's ability to obtain financing for
continued operations and/or the commencement of mining activities on satisfactory terms; the Company's ability to enter into
and meet all the conditions to consummate contracts to sell its mining properties that it chooses to list for sale; and other
risks and uncertainties described in the Company's filings from time to time with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof,
and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or
circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.
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