0001002014-15-000108.txt : 20150323 0001002014-15-000108.hdr.sgml : 20150323 20150320173344 ACCESSION NUMBER: 0001002014-15-000108 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150320 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150323 DATE AS OF CHANGE: 20150320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Idaho North Resources Corp. CENTRAL INDEX KEY: 0001543395 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 STATE OF INCORPORATION: ID FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55045 FILM NUMBER: 15717185 BUSINESS ADDRESS: STREET 1: 2555 WEST PALAIS DRIVE CITY: COEUR D'ALENE STATE: ID ZIP: 83815 BUSINESS PHONE: 509-928-7604 MAIL ADDRESS: STREET 1: 2555 WEST PALAIS DRIVE CITY: COEUR D'ALENE STATE: ID ZIP: 83815 8-K 1 idah8k-03202015.htm IDAHO NORTH RESOURCES CORP. FORM 8-K (3/18/2015)

 

 
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 19, 2015 (March 6, 2015)

IDAHO NORTH RESOURCES CORP.
(Exact name of registrant as specified in its charter)

IDAHO
(State or other jurisdiction of incorporation)

000-55045
(Commission File No.)

1220 Big Creek Road
Kellogg, ID  83837
(Address of principal executive offices and Zip Code)

(509) 928-7604
(Registrant's telephone number, including area code)

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 (see General Instruction A.2. below):

[   ]
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 5.02     DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; APPOINTMENT OF CERTAIN OFFICERS.

On March 6, 2015, we appointed Lane Griffin as our CEO, President, and a member of our Board of Directors.  Mr. Griffin brings over 30 years of experience in the mining business with a successful track record of exploration and mine development. He has conducted precious metal exploration and operations throughout the Great Basin and reviewed projects to prepare NI 43-101 reports. He founded and operated a successful underground gold mine in the Washington Cascades for over 20 years. His background and experience in the minerals industry will bring a renewed emphasis on new concepts and fundamentals in the hunt for economic ore deposits.

Since 2010, Mr. Griffin has been the President of Diversified Development Corporation, a closely held, non-trading mining company in Bellingham, Washington.  Since 2012, he has been the Vice President of Exploration for Consolidated Goldfields Corporation ("Consolidated"), of Reno, Nevada (OTCQB:  CDGF), now named Brilliant Sands Corp.  From 2010 to 2012, he was a Director of Consolidated.

Mr. Griffin graduated with distinction from Washington State University with a Bachelor of Science in Geology. He served four years as an officer in the US Army Corp of Engineers. He is a registered geologist in the state of Washington and is a Qualified Person as defined by Canadian NI 43-101 requirements.

We have no arrangements or understandings with Mr. Griffin and Mr. Griffin has no arrangement or understanding with any third parties with respect to his appointment as one of our officers and directors.  Mr. Griffin was not appointed to any committees, but as a matter of law, is a member of our audit committee.  Mr. Griffin is not a party to any material plan, contract, or arrangement with us with the exception of our Eagleville Property Exploration and Mining Lease and Option to Purchase Agreement, which was entered into on July 27, 2012.  Mr. Griffin holds a 66% interest in the ownership of the unpatented lode-mining claims which make up the Eagleville Property.  Mr. Griffin was selected to the board of directors because of his experience in exploration and mine development.

In conjunction with the appointment of Mr. Griffin, Mark Fralich resigned his position as CEO, President, and Director.  Mr. Fralich has no disagreements with us over our operations, policies or practices.


ITEM 7.01     REGULATION FD DISCLOSURE.

On March 18, 2015, we issued a press release announcing Mr. Griffin's appointment and Mr. Fralich's resignation.


ITEM 9.01     EXHIBITS.

Exhibit
Document Description
   
99.1
Press Release

-2-


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.

Dated this 19th day of March 2015.

 
IDAHO NORTH RESOURCES CORP.
   
   
 
BY:
ERIK PANKE
   
Erik Panke, CFO










--
-3-
 EX-99.1 2 exh99-1.htm PRESS RELEASE
Exhibit 99.1

Idaho North Resources Appoints Mr. Lane A. Griffin as President/CEO

RENO, Nev. -- (Business Wire)

Idaho North Resources (OTCQB:IDAH) ("IDAH" or "the Company") wishes to announce the appointment of Mr. Lane Griffin as President and Chief Executive Officer of the Company effective March 6, 2015. Mr. Mark Fralich, the outgoing president, will be assuming the role of Corporate Communications Consultant.

Mr. Griffin brings over 30 years of experience in the mining business with a successful track record of exploration and mine development. He has conducted precious metal exploration and operations throughout the Great Basin and reviewed projects to prepare NI 43-101 reports. He founded and operated a successful underground gold mine in the Washington Cascades for over 20 years. His impressive background and experience in the minerals industry will bring a renewed emphasis on new concepts and fundamentals in the hunt for economic ore deposits.

Mr. Griffin graduated with distinction from Washington State University with a Bachelor of Science in Geology. He served four years as an officer in the US Army Corp of Engineers. He is a registered geologist in the state of Washington and is a Qualified Person as defined by Canadian NI 43-101 requirements.

Mark Fralich, former Idaho North president stated, "We are pleased that Mr. Lane Griffin has assumed the duties of president and feel he is well qualified to advance the Company with a spirited exploration program and attitude focused on increasing value for our shareholders and investors."

The company would like to acknowledge and thank Mr. Fralich for his excellent and dedicated service as president and founder of the Company and look forward to his continued collaboration with us.

About Idaho North Resources

Idaho North Resources is a U.S. based junior company exploring for gold, silver, and base metals in Nevada. The Company has long-term lease options on the Eagleville gold-silver project south of Fallon and the Klondike silver-gold project near Tonopah. The Company also recently finalized an Exploration Program Agreement with Coeur Mining, under which Coeur will fund, and have exclusive earn-in rights, to certain of the Company's central Nevada projects. Idaho North Resources is a fully reporting company, listed on the OTCQB under the symbol IDAH.

Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words "plan," "believe," "expect," "anticipate," "intend," "estimate," "project," "may," "will," "would," "could,"

"should," "seeks," or "scheduled to," or other similar words, or the negative of these terms or other variations of these terms or comparable or similar language, or by discussion of strategy or intentions. Such forward-looking statements include, without limitation, statements regarding future business strategy, plans and goals and other statements that are not historical facts. Forward-looking statements address activities, events or developments that the Company expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Although management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

Contacts:

Idaho North Resources
Lane A. Griffin, 206-790-3346
President
kwajalane@yahoo.com
info@idahonorthresources.com
www.idahonorthresources.com