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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WASHINGTON, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO SECTION 13 OR 15(d) OF THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date of report (Date of earliest event reported): <B>June 15,
2012</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>American Sands Energy Corp.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; font-size: 10pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">Delaware</TD>
    <TD STYLE="width: 33%; font-size: 10pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">000-53167</TD>
    <TD STYLE="width: 33%; font-size: 10pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">87-0405708</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State&nbsp;or&nbsp;Other&nbsp;Jurisdiction&nbsp;of</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Incorporation)</P></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: center">Commission&nbsp;File&nbsp;Number</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: center">(IRS&nbsp;Employer&nbsp;Identification&nbsp;No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 85%; layout-grid-mode: line; font-weight: bold; text-decoration: underline">4760 South Highland Drive, Suite 341, Salt Lake City, Utah</TD>
    <TD STYLE="width: 15%; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">84117</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">(Address of principal executive offices)</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Registrant&rsquo;s telephone number, including area code<B>:
(801) 699-3966</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Written communications pursuant to Rule 425 under the Securities Act</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item&nbsp;1.01</B></TD><TD STYLE="text-align: justify"><B>Entry into a Material Definitive Agreement.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 15, 2012, the Board of Directors
of American Sands Energy Corp. (the &ldquo;<B>Company</B>&rdquo;) approved a Management and Services Agreement (the &ldquo;<B>Agreement</B>&rdquo;)
with Life Power &amp; Fuels LLC (&ldquo;<B>LIFE</B>&rdquo;). Under the Agreement, LIFE will provide to the Company with general
corporate advisory services, financial advisory services, merger acquisition services, equipment leasing, lines of credit, equipment
financing, and other debt or credit facilities. In exchange for services, the Company will pay LIFE a monthly fee of $25,000 which
will be accrued until the Company raises a minimum of $3,500,000 in an equity or debt offering. At such time, LIFE will have the
option to convert all outstanding accrued amounts into the equity or debt instruments issued by the Company in such offering. The
term of the 36-month Agreement commenced on April 1, 2012, and renews automatically for an additional 12 months on each succeeding
anniversary unless terminated in writing by either party. Various members of LIFE&rsquo;s management and owners are also affiliated
with the Company including Messrs. Carlson, our CFO, Rosenfeld, our President, and Mooney, our Audit Committee Chairman. A copy
of the Agreement is included as an exhibit to this report.</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item&nbsp;5.02</B></TD><TD STYLE="text-align: justify"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 15, 2012, the Board of Directors
of the Company approved an amendment to the Amended and Restated Employment Agreement between the Company and Robin Gereluk, our
Chief Operating Officer (the &ldquo;<B>Employment Agreement</B>&rdquo;). The Employment Agreement was amended to extend by one
year the date under which the agreement would become null and void to March 31, 2013, if the Company has not completed a financing
of $10 million or more. A copy of the amendment is included as an exhibit to this report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Also on June 15, 2012, the Compensation
Committee recommended that each director receive grants options to purchase 75,000 shares of the Company&rsquo;s common stock for
prior service on the board of directors. The Board of Directors approved the grants. These five-year options will have a two-year
vesting schedule, with 1/3 vesting immediately, 1/3 on the first anniversary date of the grant, and 1/3 on the second anniversary
date. The exercise price of the options will be $1.15 per share. The options were granted under, and will be subject to the terms
and conditions of, our 2011 Long-term Incentive Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item&nbsp;8.01</B></TD><TD STYLE="text-align: justify"><B>Other Events.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Annual Shareholders&rsquo; Meeting</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 15, 2012, the Board of Directors
of the Company approved holding the Annual Shareholders&rsquo; Meeting at 10:00 a.m. local time on August 28, 2012, in Salt Lake
City, Utah.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the meeting, the Company will elect
six directors, ratify the appointment of the Company&rsquo;s independent registered public accounting firm for its fiscal year
ending March 31, 2013, and conduct such other business as may properly come before the annual meeting. The Nominating and Governance
Committee has recommended, and the Board has accepted the recommendation of the Committee to nominate each of the current directors
(except Mr. Larson who has refused to stand for reelection) for reelection. Also, the Audit committee has recommended and the Board
has appointed Tanner, LLC, our current auditor, to serve as the Company&rsquo;s independent registered public accounting firm for
the fiscal year ending March 31, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company&rsquo;s shareholders of record
at the close of business July 2, 2012, will receive notice of the annual meeting. Such notice will include the Company's 2012 Information
Statement and 2011-12 annual report on Form 10-K, to be filed with the SEC on or about June 27, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Rule 14a-8 Proposal Deadline</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because there was no Annual Shareholders&rsquo;
Meeting held during the fiscal year ended March 31, 2012, in accordance with Rule 14a-8 under the Exchange Act, shareholder proposals
for inclusion in the proxy statement or related materials for the meeting must be delivered to, or mailed to and received by the
Corporate Secretary for American Sands Energy Corp., 4760 South Highland Drive, Suite 341, Salt Lake City, Utah 84117, on or before
July 20, 2012. Shareholder proposals must comply with the requirements of Rule 14a-8, and may otherwise be omitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Removal of Committee Member</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 15, 2012, the Board of Directors
removed Barry Larson as a member of the Audit and Compensation Committees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item&nbsp;9.01</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify"><U>Exhibits</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">99.1</FONT></TD><TD STYLE="text-align: justify">Management and Services Agreement dated April 1, 2012, with Life Power &amp; Fuels LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">99.2</TD><TD STYLE="text-align: justify">Amendment to Employment Agreement dated June 15, 2012, between the Company and Robin Gereluk</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="layout-grid-mode: line; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; font-weight: bold">American Sands Energy Corp.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; layout-grid-mode: line">Date:&nbsp; June 21, 2012</TD>
    <TD STYLE="width: 3%; layout-grid-mode: line">By</TD>
    <TD STYLE="width: 46%; layout-grid-mode: line; text-decoration: none; border-bottom: Black 1pt solid">/s/ William C. Gibbs</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">William C. Gibbs, Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-indent: -0.25in">&nbsp;&nbsp;</P>

<P STYLE="margin: 0"></P>

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{"company-data": {"conformed-name": "American Sands Energy Corp.", "cik": "0001432001", "assigned-sic": "6770", "irs-number": "870405708", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-53167", "film-number": "12919809"}, "business-address": {"street1": "4760 S. HIGHLAND DRIVE", "street2": "SUITE 341", "city": "SALT LAKE CITY", "state": "UT", "zip": "84117", "phone": "801-277-7888"}, "mail-address": {"street1": "4760 S. HIGHLAND DRIVE", "street2": "SUITE 341", "city": "SALT LAKE CITY", "state": "UT", "zip": "84117"}, "former-company": {"former-conformed-name": "Millstream Ventures, Inc.", "date-changed": "20080409"}}
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):
June 15,
2012
American Sands Energy Corp.
(Exact Name of Registrant as Specified in
Charter)
Delaware
000-53167
87-0405708
(State or Other Jurisdiction of
Incorporation)
Commission File Number
(IRS Employer Identification No.)
4760 South Highland Drive, Suite 341, Salt Lake City, Utah
84117
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
:
(801) 699-3966
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
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 1.01
Entry into a Material Definitive Agreement.
On June 15, 2012, the Board of Directors
of American Sands Energy Corp. (the "
Company
") approved a Management and Services Agreement (the "
Agreement
")
with Life Power & Fuels LLC ("
LIFE
"). Under the Agreement, LIFE will provide to the Company with general
corporate advisory services, financial advisory services, merger acquisition services, equipment leasing, lines of credit, equipment
financing, and other debt or credit facilities. In exchange for services, the Company will pay LIFE a monthly fee of $25,000 which
will be accrued until the Company raises a minimum of $3,500,000 in an equity or debt offering. At such time, LIFE will have the
option to convert all outstanding accrued amounts into the equity or debt instruments issued by the Company in such offering. The
term of the 36-month Agreement commenced on April 1, 2012, and renews automatically for an additional 12 months on each succeeding
anniversary unless terminated in writing by either party. Various members of LIFE's management and owners are also affiliated
with the Company including Messrs. Carlson, our CFO, Rosenfeld, our President, and Mooney, our Audit Committee Chairman. A copy
of the Agreement is included as an exhibit to this report.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On June 15, 2012, the Board of Directors
of the Company approved an amendment to the Amended and Restated Employment Agreement between the Company and Robin Gereluk, our
Chief Operating Officer (the "
Employment Agreement
"). The Employment Agreement was amended to extend by one
year the date under which the agreement would become null and void to March 31, 2013, if the Company has not completed a financing
of $10 million or more. A copy of the amendment is included as an exhibit to this report.
Also on June 15, 2012, the Compensation
Committee recommended that each director receive grants options to purchase 75,000 shares of the Company's common stock for
prior service on the board of directors. The Board of Directors approved the grants. These five-year options will have a two-year
vesting schedule, with 1/3 vesting immediately, 1/3 on the first anniversary date of the grant, and 1/3 on the second anniversary
date. The exercise price of the options will be $1.15 per share. The options were granted under, and will be subject to the terms
and conditions of, our 2011 Long-term Incentive Plan.
Item 8.01
Other Events.
Annual Shareholders' Meeting
On June 15, 2012, the Board of Directors
of the Company approved holding the Annual Shareholders' Meeting at 10:00 a.m. local time on August 28, 2012, in Salt Lake
City, Utah.
At the meeting, the Company will elect
six directors, ratify the appointment of the Company's independent registered public accounting firm for its fiscal year
ending March 31, 2013, and conduct such other business as may properly come before the annual meeting. The Nominating and Governance
Committee has recommended, and the Board has accepted the recommendation of the Committee to nominate each of the current directors
(except Mr. Larson who has refused to stand for reelection) for reelection. Also, the Audit committee has recommended and the Board
has appointed Tanner, LLC, our current auditor, to serve as the Company's independent registered public accounting firm for
the fiscal year ending March 31, 2013.
The Company's shareholders of record
at the close of business July 2, 2012, will receive notice of the annual meeting. Such notice will include the Company's 2012 Information
Statement and 2011-12 annual report on Form 10-K, to be filed with the SEC on or about June 27, 2012.
Rule 14a-8 Proposal Deadline
Because there was no Annual Shareholders'
Meeting held during the fiscal year ended March 31, 2012, in accordance with Rule 14a-8 under the Exchange Act, shareholder proposals
for inclusion in the proxy statement or related materials for the meeting must be delivered to, or mailed to and received by the
Corporate Secretary for American Sands Energy Corp., 4760 South Highland Drive, Suite 341, Salt Lake City, Utah 84117, on or before
July 20, 2012. Shareholder proposals must comply with the requirements of Rule 14a-8, and may otherwise be omitted.
Removal of Committee Member
On June 15, 2012, the Board of Directors
removed Barry Larson as a member of the Audit and Compensation Committees.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
99.1
Management and Services Agreement dated April 1, 2012, with Life Power & Fuels LLC
99.2
Amendment to Employment Agreement dated June 15, 2012, between the Company and Robin Gereluk
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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.
American Sands Energy Corp.
Date:  June 21, 2012
By
/s/ William C. Gibbs
William C. Gibbs, Chief Executive Officer
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