Current Report Filing (8-k)
April 24 2019 - 5:29PM
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):
April 24, 2019
Blue
Eagle Lithium Inc.
(
Exact Name of Registrant as specified in its Charter )
Nevada
|
|
000-55588
|
|
35-2636271
|
(State
of
Incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
2831
St. Rose Parkway, Suite 200,
Henderson,
NV
(
Address of principal executive offices )
Registrant’s
telephone number, including area code:
(702) 899-3369
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
1.01 Entry into a Material Definitive Agreement.
On
April 22, 2019, the Company entered into an agreement (the “Agreement”) with of Rangefront Geological (“Rangefront”),
pursuant to which the Company agreed to purchase 100% working interest in 50 mineral claims covering approximately 1,000 acres
in the Railroad Valley of Nevada with an option to acquire an additional 26 mineral claims comprising an additional 520 acres
in the Railroad Valley of Nevada. The parties agreed on a purchase price for the 50 mineral claims, which will be paid by the
Company issuing and delivering to Rangefront 200,000 restricted shares in the common stock of the capital of the Company as well
as paying ninety (90) days following the signing of the Agreement, $2,250 in county fees, $10,600 in BLM fees, and transfer fees
of $1,000 as well as paying within fifteen (15) days of the signing of the Agreement staking fees of $7,500. The option for the
additional 26 mineral claims is valid for 30 business days from the closing of the Agreement and will require the company within
thirty (30) days from the closing of the agreement to issue an additional 100,000 restricted shares in the common stock of the
capital of the Company as well as a payment of $7,500 in cash and within ninety (90) days pay county and BLM fees of $6,682. Rangefront
will retain a 1.0% royalty on revenues derived from the sale of lithium concentrate and other ores extracted from the mineral
claims. The Company has the right to purchase 0.5% of the royalty at anytime for $1,000,000. See Exhibit 10.1 - Property Purchase
Agreement for more details.
Item 9.01
|
Financial Statements and Exhibits.
|
(d)
Exhibits.
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.
|
Blue
Eagle Lithium Inc.
|
|
|
|
By:
|
/s/
Rupert Ireland
|
Date: April
24, 2019
|
|
Rupert Ireland,
President
|