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): June 22,
2020
MEXUS GOLD US
(Exact
name of registrant as specified in its charter)
Nevada
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000-52413
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20-4092640
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(State
or other jurisdiction
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(Commission File Number)
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(IRS
Employer
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of
Incorporation)
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Identification Number)
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1805 N. Carson Street, #150
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Carson City, NV 89701
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(Address of principal executive offices)
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(916) 776-2166
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(Registrant’s Telephone Number)
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(Former
name or former address, if changed since last report)
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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 8.01 Other Events.
COVID-19
As
result of the global outbreak of the COVID-19 virus, on June 22,
2020, the Company evaluated its ongoing effort to prepare and file
its Annual report on Form 10-K for the year ended March 31,
2020.
Certain Company officers and management as well as professional
staff and consultants are unable to conduct work required to
prepare our financial report for the year ended March 31, 2020. As
a result, the Company expects to be unable to compile and review
certain information required in order to permit the Company to file
a timely and accurate annual report on Form 10-K for the year ended
March 31, 2020, by the prescribed date without unreasonable effort
or expense due to circumstances related to COVID-19.
On
March 4, 2020, the Securities and Exchange Commission (the "SEC")
issued an Order under Section 36 (Release No. 34-88318) (“March
4th Order”) of the Securities Exchange Act of 1934
("Exchange Act") granting exemptions from specified provisions of
the Exchange Act and certain rules thereunder. The March
4th Order provides that a registrant (as defined in
Exchange Act Rule 12b-2) subject to the reporting requirements of
Exchange Act Section 13(a) or 15(d), and any person required to
make any flings with respect to such a registrant, is exempt from
any requirement to file or furnish materials with the Commission
under Exchange Act Sections 13(a), 13(f), 13(g), 14(a), 14(c),
14(f), 15(d) and Regulations 13A, Regulation 13D-G (except for
those provisions mandating the fling of Schedule 13D or amendments
to Schedule 13D), 14A, 14C and 15D, and Exchange Act Rules 13f-1,
and 14f-1, as applicable, where certain conditions are
satisfied.
On
March 25, 2020, the SEC issued an Order under Section 36 (Release
No. 34-88465) of the Exchange Act (“March 25th Order”)
which modified the exemptions of the March 4th Order to
cover filings due on or before July 1, 2020.
The
Company is relying on the March 4th Order and the March
25th Order for filing of its Form 8-K the later of June
29, 2020, or original filing deadline of the report and expects to
file its Annual report for the year ended March 31, 2020, on Form
10-K approximately 45 days after June 29, 2020.
The
Company is providing the following risk factor for its ongoing
business operations:
War, terrorism, other acts of violence or natural or manmade
disasters such as a global pandemic may affect the markets in which
the Company operates, the Company's customers, the Company's
delivery of products and customer service, and could have a
material adverse impact on our business, results of operations, or
financial condition.
The
Company's business may be adversely affected by instability,
disruption or destruction in a geographic region in which it
operates, regardless of cause, including war, terrorism, riot,
civil insurrection or social unrest, and natural or manmade
disasters, including famine, food, fire, earthquake, storm or
pandemic events and spread of disease (including the recent
outbreak of the coronavirus commonly referred to as "COVID-19").
Such events may cause customers to suspend their decisions on using
the Company's products and services, make it impossible to attend
or sponsor trade shows or other conferences in which our products
and services are presented to distributors, customers and potential
customers, for our customers to visit our facilities, manufacturing
locations or other physical locations, cause restrictions,
postponements and cancellations of events that attract large crowds
and public gatherings such as trade shows at which we have
historically presented our products, and give rise to sudden
significant changes in regional and global economic conditions and
cycles that could interfere with purchases of goods or services,
commitments to develop new brands and white label products.
Any
significant disruption to communications and travel, including
travel restrictions and other potential protective quarantine
measures against COVID-19 by governmental agencies, may increase
the difficulty and could make it impossible for the Company to
deliver goods services to its customers. Travel restrictions and
protective measures against COVID-19 could cause the Company to
incur additional unexpected labor costs and expenses or could
restrain the Company's ability to retain the highly skilled
personnel the Company needs for its operations. The extent to which
COVID-19 impacts the Company's business, sales and results of
operations will depend on future developments, which are highly
uncertain and cannot be predicted.
We
believe the novel coronavirus (COVID-19) has negatively affected
our corporate operations necessary to prepare and maintain accurate
accounting and reporting, and could continue to do so in the
foreseeable future. The coronavirus has resulted in restrictions,
postponements and cancelations and the impact, extent and duration
of the government imposed restrictions on travel and public
gatherings as well as the overall effect of the COVID-19 virus is
currently unknown.
The
ongoing circumstances resulting from the COVID-19 virus outbreak
magnify the challenges faced from our continuing efforts to
introduce and sell our products in a challenging environment and
could have an impact on our business and financial results.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This
Current Report on Form 8-K may contain forward-looking statements
that are made pursuant to the safe harbor provisions of Section 21E
of the Exchange Act. The forward-looking statements in this Current
Report on Form 8-K are not historical facts, do not constitute
guarantees of future performance, and are based on numerous
assumptions which, while believed to be reasonable, may not prove
to be accurate. Any forward-looking statements in this Current
Report on Form 8-K do not constitute guarantees of future
performance and involve a number of factors that could cause actual
results to differ materially, including risks more fully described
in the company’s most recently filed Quarterly Report on Form 10-Q
and Annual Report on Form 10-K. The company assumes no obligation
to update any forward-looking information contained in this Current
Report on Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
Mexus Gold
US
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/s/
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Paul D. Thompson
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By:
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Paul D. Thompson
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Its:
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President
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