0001493152-11-000071.txt : 20110317 0001493152-11-000071.hdr.sgml : 20110317 20110317063728 ACCESSION NUMBER: 0001493152-11-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110310 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110317 DATE AS OF CHANGE: 20110317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: USD ENERGY CORP. CENTRAL INDEX KEY: 0001454007 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 800214005 STATE OF INCORPORATION: NV FISCAL YEAR END: 0204 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53558 FILM NUMBER: 11693584 BUSINESS ADDRESS: STREET 1: 3328 GRANADA AVE CITY: SAN DIEGO STATE: CA ZIP: 92104 BUSINESS PHONE: 619-717-8047 MAIL ADDRESS: STREET 1: 3328 GRANADA AVE CITY: SAN DIEGO STATE: CA ZIP: 92104 8-K 1 casablanca_8k.htm CASABLANCA MINING LTD. casablanca_8k.htm


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):  March 10, 2011

CASABLANCA MINING LTD.
(Name of small business issuer specified in its charter)
 
Nevada
 
000-53558
 
80-0214005
(State or other jurisdiction of incorporation)
 
(Commission File No.)
 
(I.R.S. Employer Identification No.)

9880 Magnolia Ave. Suite 176
Santee, CA  92071
(Address of principal executive offices)

 (former name or former address, if changed since last report)

619-717-8047
(Registrant’s telephone number)

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 March 10, 2011, Casablanca Mining Ltd. (the “Company”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Angelique de Maison (“Ms. de Maison”) whereby Ms. de Maison agreed to purchase up to 1,000,000 shares of common stock of the Company (the “Common Stock”) for a purchase price of $1.00 per share, in one or more installments as requested by the Company.  The purchase of 315,000 shares of Common Stock was completed concurrently with the execution of the Stock Purchase Agreement and the purchase of 230,000 shares of Common Stock was completed on March 16, 2011. Either party may terminate the Stock Purchase Agreement with respect to any shares of Common Stock not purchased on or before June 30, 2011.
 
Prior to the issuance of the shares as set forth above, Ms. de Maison beneficially owned 15.5% of the Company’s Common Stock.  Ms. de Maison may also be considered a related party to Zirk Engelbrecht, who is President and a director and of the Company, under the rules of the Securities Exchange Act of 1934.  Ms. de Maison, and any entity controlled by Ms. de Maison, disclaim beneficial ownership of any securities beneficially owned by Mr. Engelbrecht or any entity controlled by Mr. Engelbrecht, and Mr. Engelbrecht, and any entity controlled by Mr. Engelbrecht, disclaim beneficial ownership of any securities beneficially owned by Ms. de Maison or any entity controlled by Ms. de Maison.
 
 The preceding discussion is qualified in its entirety by the full text of the Stock Purchase Agreement which is included as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
 
(d)           Exhibits:
 
 
 
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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.
 
  USD ENERGY CORP.  
       
Date: March 16, 2011
By:
/s/ Trisha Malone   
    Trisha Malone  
    Chief Financial Officer  
 
 
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EX-10.1 2 ex_10-1.htm STOCK PURCHASE AGREEMENT ex_10-1.htm
Exhibit 10.1
 
STOCK PURCHASE AGREEMENT
 
THIS STOCK PURCHASE AGREEMENT (the “Agreement”) is made and entered into this 10th day of March, 2011, by and between CASABLANCA MINING LTD., a Nevada corporation (“CASABLANCA”), and Angelique de Maison (“Purchaser”).  CASABLANCA and Purchaser shall be individually referred to herein as a “Party” and collectively as the “Parties”.
 
NOW, THEREFORE, in consideration of the premises, and of the promises, covenants and conditions contained herein, the Parties intending to be legally bound, hereby agree as follows:
 
ARTICLE 1
PURCHASE OF SHARES
 
1.1 CASABLANCA hereby agrees to issue and sell to Purchaser, and Purchaser hereby agrees to purchase from CASABLANCA, up to 1,000,000 shares of CASABLANCA’s Common Stock, $.001 par value (the “CASABLANCA Shares”), at a purchase price of $1.00 per share (the “Purchase Price”), as follows:
 
(a) Concurrent with the execution and delivery of this Agreement, CASABLANCA shall issue and sell to Purchaser, and Purchaser shall acquire from CASABLANCA, 315,000 CASABLANCA Shares.  CASABLANCA acknowledges receipt of the Purchase Price for such CASABLANCA Shares.
 
(b) At any time after the execution and delivery of this Agreement, upon two business days written notice from CASABLANCA to Purchaser, CASABLANCA shall issue and sell to Purchaser, and Purchaser shall acquire from CASABLANCA, in one or more installments, the amount of CASABLANCA Shares requested by CASABLANCA in its notice; provided that (i) the aggregate amount of installments completed pursuant to this Agreement shall in no event exceed the aggregate amount set forth in the preceding sentence, and (ii) either party may terminate its obligations with respect to this Agreement with respect to any amount of CASABLANCA Shares not purchased on or prior to June 30, 2011.
 
ARTICLE 2
REPRESENTATIONS AND WARRANTIES
 
2.1 Representations by Purchaser.  Purchaser hereby represents, warrants, covenants and acknowledges that:
 
(a) Purchaser has the authority to enter into this Agreement and when this Agreement is executed and delivered, it shall constitute a legal, valid and binding obligation, enforceable against Purchaser in accordance with its terms.
 
 
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(b) The execution and delivery of this Agreement and the performance of the obligations imposed hereunder will not conflict with, or result in a breach by Purchaser of any material agreement or instrument to which she is a party, or by which she or any of her properties or assets are bound, or result in a violation of any order, decree, or judgment of any court or governmental agency having jurisdiction over her or her properties, will not conflict with, constitute a default under, or result in the breach of, any contract, agreement, or other instrument to which she is a party or is otherwise bound and no consent, authorization or order of, or filing or registration with, any court, governmental, or regulatory authority is required in connection with the execution and delivery of this Agreement and any related agreements or the performance by her of her obligations hereunder.
 
(c) Purchaser understands and acknowledges that (i) the CASABLANCA Shares being offered and sold to her hereunder are being offered and sold without registration under the Securities Act of 1933, as amended (the “Securities Act”) in a private placement that is exempt from the registration provisions of the Securities Act under Section 4(2) of the Securities Act and Regulation D; (ii) Purchaser is an “accredited investor” within the meaning of Regulation D under the Securities Act and (iii) the availability of such exemption depends in part on, and that CASABLANCA will rely upon the accuracy and truthfulness of, the foregoing representations and Purchaser hereby consents to such reliance.
 
(d) Purchaser is acquiring the CASABLANCA Shares for her own account for investment purposes only and not with a view to or for distributing or reselling such CASABLANCA Shares, or any part thereof or interest therein, without prejudice, however, to such Purchaser’s right, subject to the provisions of this Agreement, at all times to sell or otherwise dispose of all or any part of such CASABLANCA Shares in compliance with applicable United States securities laws.
 
(e) Purchaser, either alone or together with her representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of an investment in the CASABLANCA Shares, and has so evaluated the merits and risks of such investment; Purchaser understands that an investment in the CASABLANCA Shares involves a “high degree” of risk.
 
(f) Purchaser is able to bear the economic risk of an investment in the CASABLANCA Shares and, at the present time, is able to afford a complete loss of such investment.
 
(g) Purchaser acknowledges that she has been afforded (i) the opportunity to ask such questions as she has deemed necessary of, and to receive answers from, representatives of CASABLANCA concerning the terms and conditions of the CASABLANCA Shares and the merits and risks of investing in the CASABLANCA Shares; (ii) access to information about CASABLANCA and CASABLANCA’s financial condition, results of operations, business, properties, management and prospects sufficient to enable it to evaluate her investment in the CASABLANCA Shares; and (iii) the opportunity to obtain such additional information which CASABLANCA possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision with respect to the investment and to verify the accuracy and completeness of the information that he, it or it has received about CASABLANCA.
 
 
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(h) Purchaser acknowledges that all of the certificates for the CASABLANCA Shares will bear legends restricting their transfer, sale, conveyance or hypothecation, unless such CASABLANCA Shares are either registered under the provisions of the Securities Act and under applicable state securities laws or such registration is not required as a result of applicable exemptions therefrom.
 
(i) Purchaser acknowledges and agrees that CASABLANCA may place stop transfer orders with its transfer agent with respect to the CASABLANCA Shares.
 
2.2 Representations by CASABLANCA. CASABLANCA hereby represents, warrants, covenants and acknowledges that as of the date hereof:
 
(a) CASABLANCA is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada and has the legal capacity and all necessary corporate authority to carry on its business, to own its properties and assets, and to enter into and perform this Agreement and to consummate the transactions contemplated hereby.
 
(b) This Agreement has been duly authorized, executed and delivered by CASABLANCA and constitutes a legal, valid and binding obligation of CASABLANCA, enforceable against CASABLANCA in accordance with its terms.
 
(c) The execution and delivery of this Agreement and the performance of the obligations imposed hereunder will not conflict with, constitute a default under or result in a breach by CASABLANCA of, any of the terms or provisions of, or constitute a default under the certificate of incorporation or bylaws of CASABLANCA, or any material agreement or instrument to which CASABLANCA is a party, or by which it or any of its properties or assets are bound, or result in a violation of any order, decree, or judgment of any court or governmental agency having jurisdiction over CASABLANCA or CASABLANCA’s properties, and no consent, authorization or order of, or filing or registration with, any court, governmental, or regulatory authority is required in connection with the execution and delivery of this Agreement and any related agreements or the performance by CASABLANCA of its obligations hereunder.
 
(d) The CASABLANCA Shares will, when issued in accordance with the terms hereof, be duly authorized, validly issued, fully paid, and non-assessable.
 
ARTICLE 3
NOTICES
 
All notices, demands or other communications given hereunder shall be in writing and shall be deemed to have been duly given when sent if sent by fax or e-mail, or the date received if sent by overnight courier, and if mailed shall be deemed to have been given on the first business day after mailing by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows:
 
To Purchaser:
Angelique de Maison
1005 S. Center Street
Redlands, CA 92373
Telephone:  (310) 595-6900
Fax:  (909) 798-0886
Email:  angelique@wealthmakers.com
 
To CASABLANCA:
CASABLANCA MINING LTD.
9880 N. Magnolia Ave., #176
Santee, CA, USA 92071
Attn:  Trisha Malone, CEO
Telephone:  (619) 717-8047
Facsimile:  (619) 568-3148
Email: trish@casablancamining.com

 
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ARTICLE 4
MISCELLANEOUS
 
4.1 Additional Undertakings. Each of the Parties agrees to take such actions as are reasonably necessary to carry out the intentions of the parties under this Agreement, including but not limited to the prompt execution and delivery of any documents reasonably necessary to carry out and perform the terms or intention of this Agreement.
 
4.2 Costs and Expenses. All costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the Party incurring such costs or expenses, unless otherwise agreed.
 
4.3 Governing Law; Venue; Choice of Language. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, USA, without regard to conflicts of laws of principles, and each Party hereby agrees that all performances due and transactions undertaken pursuant to this Agreement shall be deemed to be due or have occurred in California, and the exclusive venue and place of jurisdiction for any litigation arising from or related to this Agreement shall be the state or federal courts located in Orange County, State of California, USA.
 
4.4 Headings.  The headings used in this Agreement are for convenience only, do not form a part of this Agreement, and shall not affect in any way the meaning or interpretation of this Agreement.
 
4.5 Counterparts.  This Agreement may be executed in one or more counterparts which when taken together shall constitute one agreement. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “pdf” signature page were an original thereof.
 
4.6 Enforcement of Agreement. This Agreement is intended for the benefit of the Parties hereto and is not for the benefit of, nor may any provisions hereof be enforced by any other person, firm or entity.
 
 
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4.7 Modification and Amendments. This Agreement may be amended, modified and supplemented in writing only by the mutual consent of the Parties hereto.
 
4.8 Successors and Assigns. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the Parties hereto without the prior written consent of the other parties, and any attempts to do so without the consent of the other Parties shall be void and of no effect.
 
4.9 Attorneys Fees and Costs. In the event any Party breaches the terms of this Agreement, the non-breaching Parties shall be entitled to the recovery of their reasonable attorney’s fees and other professional costs and fees incurred in enforcing their rights hereunder.
 
4.10 Entire Agreement. This writing constitutes the entire agreement and understanding between the Parties hereto with respect to the subject matter contained herein. No Party is relying on any representation or statement not contained in this writing. This Agreement supersedes and cancels any prior agreements relating to the subject matter contained herein.
 
4.11 Severability.  Whenever possible each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be or become prohibited or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Agreement.
 
(signature page follows)
 
 
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IN WITNESS WHEREOF, the Parties hereto have executed and delivered this Agreement as of the date first written above.
 
  CASABLANCA MINING LTD.  
     
By:
/s/ Trisha Malone  
 
Name:
Trisha Malone
 
Title:
Chief Financial Officer
 
     
 PURCHASER:  
   
  /s/ Angelique de Maison     
  Angelique de Maison  
     
 
 
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