Lode-Star Mining Inc. Files 8-K on Key Corporate Events

TL;DR

Lode-Star Mining Inc. just filed an 8-K detailing asset deals, equity sales, and charter changes. Big moves happening!

AI Summary

Lode-Star Mining Inc. (formerly International Gold Corp.) filed an 8-K on February 14, 2025, reporting on several key events. These include entering into a material definitive agreement, the completion of an acquisition or disposition of assets, unregistered sales of equity securities, and amendments to its articles of incorporation or bylaws. The company, based in Cypress, TX, with a fiscal year end of December 31, also noted a change in its shell company status.

Why It Matters

This 8-K filing signals significant corporate actions for Lode-Star Mining Inc., including potential acquisitions or divestitures and changes to its corporate structure, which could impact its future operations and shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates multiple significant corporate events, including acquisitions/dispositions and unregistered equity sales, which can introduce complexity and potential risks.

Key Numbers

• 000-53676 — SEC File Number (Identifies the company's filing history with the SEC.)
• 47-4347638 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Lode-Star Mining Inc. (company) — Registrant
• International Gold Corp. (company) — Former company name
• February 14, 2025 (date) — Report date
• Cypress, TX (location) — Company address
• 13529 Skinner Road (address) — Company business and mailing address

FAQ

Key Financial Figures

• $0.001 — 0,000 shares of common stock, par value $0.001 per share (" Common Stock "), of the Co
• $440,000 — he Company agreed to pay a total fee of $440,000 for the Licensed Technology (the " Lice
• $5,000 — "), payable in monthly installments of $5,000 due on the 1st business day of each mon
• $123,000 — ces, the Company agreed to pay Arcterix $123,000 within five days after the receipt by t
• $200,000 — gregate gross proceeds of not less than $200,000. The foregoing description of the Arc
• $169,644.71 — mpany and LSG settled aggregate debt of $169,644.71 owed by the Company to LSG through the
• $2.224 million — hereunder, which included approximately $2.224 million in accrued, unpaid penalty and other pa
• $245,000 — ate phase will be between approximately $245,000 and $425,000. We expect to fund these a
• $425,000 — l be between approximately $245,000 and $425,000. We expect to fund these additional cos

Filing Documents

• lsm-8k.htm (8-K) — 492KB
• lsmg-ex3_4.htm (EX-3.4) — 8KB
• lsmg-ex10_01.htm (EX-10.01) — 243KB
• lsmg-ex10_02.htm (EX-10.02) — 95KB
• lsmg-ex10_03.htm (EX-10.03) — 40KB
• lsmg-ex10_04.htm (EX-10.04) — 33KB
• lsmg-ex10_05.htm (EX-10.05) — 59KB
• lsmg-ex10_06.htm (EX-10.06) — 92KB
• lsmg-ex23_1.htm (EX-23.1) — 3KB
• le001_v1.jpg (GRAPHIC) — 3KB
• le002_v1.jpg (GRAPHIC) — 192KB
• le003_v1.jpg (GRAPHIC) — 149KB
• le004_v1.jpg (GRAPHIC) — 141KB
• 0001199835-25-000044.txt ( ) — 2049KB
• lsmg-20250214.xsd (EX-101.SCH) — 3KB
• lsmg-20250214_lab.xml (EX-101.LAB) — 33KB
• lsmg-20250214_pre.xml (EX-101.PRE) — 22KB
• lsm-8k_htm.xml (XML) — 3KB

Business

Business Prior History We were incorporated on December 9, 2004 under the laws of the State of Nevada, under the name International Gold Corp. with a view to engage in the acquisition and exploration of mining properties. On May 12, 2015, we changed our name to Lode-Star Mining Inc. by effecting a merger with a wholly-owned subsidiary. On October 4, 2014, we executed a Mineral Option Agreement (" Option Agreement ") with LSG, pursuant to which we acquired the exclusive option to earn up to an 80% undivided interest in and to certain property located in the district of Goldfield in the State of Nevada (the " Goldfield Bonanza Property "). As a closing condition to the Option Agreement, we were subsequently acquired by LSG through a Subscription Agreement, dated December 5, 2014, pursuant to which we issued 35,000,000 shares of Common Stock to LSG in exchange for an undivided 20% beneficial interest in and to the mineral claims owned by LSG with respect to the Goldfield Bonanza Property. The Subscription Agreement constituted a reverse acquisition, and resulted in LSG taking control of the Company as our largest shareholder. On January 14, 2022, the Company entered into a Settlement and Termination Agreement (the " Settlement Agreement ") with LSG, which provided for the immediate termination of the Option Agreement, the forgiveness by LSG of all amounts owing by the Company to LSG thereunder, which included approximately $2.224 million in accrued, unpaid penalty and other payments, and the return to LSG of the Company's 20% undivided interest in and to the Goldfield Bonanza Property. The Settlement Agreement also included a broad mutual release. However, LSG was not required under the Settlement Agreement to surrender any portion of the 35,000,000 shares of the Company's Common Stock that LSG previously received in consideration for selling the Company its initial 20% interest in and to the Goldfield Bonanza Property. The Company was unsuccessful in developin

View Full Filing

View this 8-K filing on SEC EDGAR