UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a – 16 OR 15d – 16 UNDER THE
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2015
Commission File No. 0-53646
Eagleford Energy Corp.
(Translation of Registrant’s name into English)
1 King Street West, Suite 1505 Toronto, Ontario, Canada M5H 1A1 |
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40F.
Form 20-F x | Form 40-F ¨ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ¨ | No x |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ¨ | No x |
TABLE OF CONTENTS
1. Eagleford Energy Corp. Material Change Report and News Release issued by the Company on July 30, 2015, as filed on Sedar on July 30, 2015.
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 thereunto duly authorized.
Dated: July 30, 2015 | EAGLEFORD ENERGY CORP. | |||
By: | /s/ James Cassina | |||
Name: | James Cassina | |||
Title: | President |
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. | Name and Address of Company |
Eagleford Energy Corp. (“Eagleford” or the "Company")
Suite 1505, 1 King Street West,
Toronto, Ontario, M5H 1A1
Item 2. | Date of Material Change |
July 29, 2015
Item 3. | News Release |
Attached as Schedule “A” is a press release issued by the Company on July 30, 2015 and disseminated using a Canadian news wire service.
Item 4. | Summary of Material Change |
The Company announced that Matthews Lease, Zavala County, Texas was terminated according to its terms and the Company is currently assessing the number of acres to be held by production and estimates that approximately 400 acres (representing approximately 15% of the total 2,629 lease acres) will be retained by the Company and held by production (100% working interest and 75% revenue interest). On this basis the Company has written down the lease to 15% of its carrying costs and recorded an impairment in exploration and evaluation assets of $4,720,194.
Item 5. | Full Description of Material Change |
The Company announced that effective July 2, 2015, the 2629 acre Matthews Lease was terminated according to its terms and the Company is currently assessing the number of acres to be held by production. Prior to the termination of the Matthews Lease, Stratex Oil and Gas Holdings, Inc. (“Stratex”) surrendered its 50% undivided interest in the Matthews Lease, including its interest in the Matthews #1-H well and the Joint Development Agreement among Stratex, Quadrant Resources LLC (“Quadrant”) and the Company expired on June 30, 2015 without Quadrant completing its earn in obligations. The Company is currently engaged in re-working operations of existing wellbores on the Matthews Lease and estimates that approximately 400 acres (representing approximately 15% of the total 2,629 lease acres) will be retained by the Company and held by production (100% working interest and 75% revenue interest). On this basis the Company has written down the lease to 15% of its carrying costs and recorded an impairment in exploration and evaluation assets of $4,720,194 in its financial reports.
Item 6. | Reliance on sub-section 7.1(2) of National Instrument 51-102 |
Not Applicable.
Item 7. | Omitted Information |
No information has been omitted from this material change report.
-2- |
Item 8. | Executive Officer |
The following executive officer of the Company is knowledgeable about the material change and the Report and may be contacted by the Commission as follows:
James Cassina, President
Telephone: | 416 364-4039 | |
Facsimile: | 416 364-8244 |
Item 9. | Date of Report |
July 30, 2015
-3- |
Schedule “A”
FOR IMMEDIATE RELEASE
Operations Update
Toronto – July 30, 2015 – Eagleford Energy Corp., (OTCQB “EGFDF”) (the "Company”), announces that effective July 2, 2015, the 2629 acre Matthews Lease was terminated according to its terms and the Company is currently assessing the number of acres to be held by production. Prior to the termination of the Matthews Lease, Stratex Oil and Gas Holdings, Inc. (“Stratex”) surrendered its 50% undivided interest in the Matthews Lease, including its interest in the Matthews #1-H well and the Joint Development Agreement among Stratex, Quadrant Resources LLC (“Quadrant”) and the Company expired on June 30, 2015 without Quadrant completing its earn in obligations. The Company is currently engaged in re-working operations of existing wellbores on the Matthews Lease and estimates that approximately 400 acres (representing approximately 15% of the total 2,629 lease acres) will be retained by the Company and held by production (100% working interest and 75% revenue interest). On this basis the Company has written down the lease to 15% of its carrying costs and recorded an impairment in exploration and evaluation assets of $4,720,194 in its financial reports.
For further information, please contact:
Eagleford Energy Corp.
Investor Relations
Telephone: 832 301 0519
Certain information regarding the Company in this news release may constitute forward-looking statements under applicable securities laws. The forward-looking information includes, without limitation, projections or estimates made by us and our management in connection with our business operations. Various assumptions were used in drawing the conclusions or making the forecasts and projections contained in the forward-looking information contained in this press release, which assumptions are based on management analysis of historical trends, experience, current conditions and expected future developments pertaining to the Company and the industry in which it operates as well as certain assumptions as specifically outlined in the release above. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release. Undue reliance should not be placed on forward-looking information, which is not a guarantee of performance and is subject to a number of risks or uncertainties. Readers are cautioned that the foregoing list of risk factors is not exhaustive. Forward-looking information is based on the estimates and opinions of the Company’s management at the time the information is released and the Company disclaims any intent or obligation to update publicly any such forward-looking information, whether as a result of new information, future events or otherwise, other than as expressly required by applicable securities law.
1 King Street West, Suite 1505, Toronto, ON, Canada Telephone: 416 364 4039, Facsimile: 416 364-8244