Current Report Filing (8-k)
July 07 2017 - 4:13PM
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) July 7, 2017
NEVADA
CANYON GOLD CORP.
(Exact
Name of Registrant as Specified in its Charter)
Nevada
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000-55600
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46-5152859
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(State
or other jurisdiction
of incorporation)
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(Commission
File number)
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|
(IRS
Employer
Identification No.)
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316
California Ave., Suite 543, Reno, NV 89509
(Address
of principal executive offices) (zip code)
Registrant’s
telephone number, including area code (888) 909-5548
(Former
name or former address, if changed since last report.)
Copies
to:
Brunson
Chandler Jones, PLLC
175
South Main Street, Suite 1410
Salt
Lake City, Utah 84111
Phone:
(801) 303-5730
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
Option
Purchase Agreement
On
July 5, 2017, the Nevada Canyon Gold Corp. (“NCG”) entered into an Option Purchase Agreement (the “Agreement”)
with Walker River Resources Corp., a Canadian public company (“Walker River” or “WRR”), on the Lapon Canyon
Project, located in Mineral County, Nevada. (the “Property”).
The
Option Purchase Agreement details whereby the Parties agreed to WRR purchasing NCG’s undivided thirty percent (30%) interest
in the Lapon Property.
Under
terms of the property purchase agreement, Walker River Resources Corp. will acquire Nevada Canyon’s 30% interest in the
Lapon Canyon Project in exchange for 9,100,000 common shares of Walker River and warrants to acquire an additional 11,900,000
common shares. Each warrant is exercisable for a period of five years without further consideration into one common share in the
capital of the Company. The terms of the warrants contain a provision that Nevada Canyon cannot exercise any warrants which would
result in it owning 10% or more of the issued and outstanding shares of the Company. Closing of the agreement with Nevada Canyon
is subject to the acceptance of the TSX Venture Exchange.
ITEM 9.01
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FINANCIAL STATEMENTS AND EXHIBITS
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(d)
Exhibits
Exhibit
No.
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Description
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10.2
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Option
Purchase Agreement, dated July 5, 2017
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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.
NEVADA CANYON GOLD CORP.
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By:
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/s/ Jeffrey Cocks
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Jeffrey Cocks
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President and Chief Executive Officer
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Date: July 7, 2017
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