0001477932-12-000264.txt : 20120209 0001477932-12-000264.hdr.sgml : 20120209 20120209090050 ACCESSION NUMBER: 0001477932-12-000264 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120203 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20120209 DATE AS OF CHANGE: 20120209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MMEX Mining Corp CENTRAL INDEX KEY: 0001440799 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ALLIED TO MOTION PICTURE PRODUCTION [7819] IRS NUMBER: 261749145 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-152608 FILM NUMBER: 12584495 BUSINESS ADDRESS: STREET 1: 13414 SOUTH 47TH PLACE CITY: PHOENIX STATE: AZ ZIP: 85044 BUSINESS PHONE: 602-571-1113 MAIL ADDRESS: STREET 1: 13414 SOUTH 47TH PLACE CITY: PHOENIX STATE: AZ ZIP: 85044 FORMER COMPANY: FORMER CONFORMED NAME: Management Energy, Inc. DATE OF NAME CHANGE: 20090716 FORMER COMPANY: FORMER CONFORMED NAME: MGMT ENERGY, INC. DATE OF NAME CHANGE: 20090303 FORMER COMPANY: FORMER CONFORMED NAME: Quantum Information, Inc. DATE OF NAME CHANGE: 20080723 8-K 1 mmex_8k.htm FORM 8-K mmex_8k.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
FORM 8-K
 
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)
OFTHE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  February 3, 2012
 
MMEX MINING CORPORATION
(Exact name of registrant as specified in its charter)

 Nevada    333-152608    26-1749145
(State of
incorporation)
  
(Commission File
Number)
  
(IRS Employer
Identification Number)

2626 Cole Avenue, Suite 610
Dallas, Texas 75204
 (Address of principal executive offices)

Registrant's telephone number, including area code:  (214) 880-0400

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the reporting obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act
o Soliciting material pursuant to Rule 14a-12 of the Exchange Act
o Pre-commencement communications pursuant to Rule 14d-2(b) Exchange Act
o Pre-commencement communications pursuant to Rule 13e-4(c) Exchange Act

 
 
 
 
Item 1.01  Entry into a Material Definitive Agreement.

We have previously reported that through our Armadillo Mining Corporation subsidiary, we entered into an Option Agreement, dated January 20, 2011 to acquire 50% of the Colombian metallurgical coal company, C.I. Hunza Coal Ltda. (“Hunza”).  Hunza owns and operates a mine located in the Boyaca province of Colombia.  The option agreement provided that we would make exclusivity payments in stages in order to maintain our option rights and would be required to invest funds in mine exploration and production over a 12 month period in order to acquire the 50% interest in Hunza.  

On February 3, we executed and delivered an amendment to the option agreement which, among other items, provides that:

·  
In order to exercise our option to acquire 50% of Hunza, we will be required to complete the payment of exclusivity fees on or before February 29, 2012, including issuing a $1.2 million note convertible into 4,000,000 shares of our common stock.

·  
After exercise of the option, we will be obligated to fund an additional $3.0 million upon the earlier of May 1, 2013 or 90 days after the completion of the technical resources report which will be commissioned by Hunza.

·  
We will pledge one half of our interest in Hunza to secure any payment default by us, which default would result in a reduction of our interest to 25% of Hunza.

 
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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.

  MMEX Mining Corporation  
       
Date: February 9, 2012
By:
 /s/ Jack W. Hanks  
    Jack W. Hanks  
    President and Chief Executive Officer  
 
 
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