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8-K</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
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TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of
Report (Date of earliest event reported): October 1, 2009</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AMERICAN
SIERRA GOLD CORP.</font></div>
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name of registrant as specified in its charter)</font></div>
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8</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top; TEXT-DECORATION: underline">th</font><font style="DISPLAY: inline; TEXT-DECORATION: underline"> Floor</font></font></div>
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NV&#160;&#160;89501</font></font></div>
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of principal executive offices)</font></div>
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398-3044</font></font></div>
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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):</font></div>
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      communications pursuant to Rule 425 under the Securities Act (17 CFR
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      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
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    <div>&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Section 1 &#8212; Registrant&#8217;s
Business and Operations</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
1.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Entry
into a Material Definitive Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>As previously disclosed on American
Sierra Gold Corp.&#8217;s (the &#8220;Company&#8221;) Current Report on Form 8-K filed with the
Securities and Exchange Commission (&#8220;SEC&#8221;) on October 13, 2009, the Company has
entered into a Share Issuance Agreement (the &#8220;Agreement&#8221;) with Tobermory Holding
Ltd., a corporation organized under the laws of Nevis (&#8220;Tobermory&#8221;), whereby the
Company may from time to time request a purchase from Tobermory of up to an
aggregate of $6,000,000 worth of the Company&#8217;s securities pursuant to
individually executed subscription agreements.&#160;&#160;The information set
forth in the Company&#8217;s Current Report on Form 8-K filed on October 13, 2009 with
respect to the Agreement is herein incorporated in its entirety.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Pursuant to
the Agreement, on October 20, 2009, the Company entered into a Subscription
Agreement (the &#8220;Oct. Subscription Agreement&#8221;) with Tobermory for the purchase
and sale of 348,837 Units at $0.86 per Unit.&#160;&#160;Per the terms and
conditions of the Oct. Subscription Agreement, a Unit consists of one (1) share
of common stock of the Company (&#8220;Share&#8221;), and one (1) warrant representing the
right to purchase one (1) Share at an exercise price of $1.51 per Share
(&#8220;Warrant&#8221;), exercisable for a period of two (2) years from the date of the Oct.
Subscription Agreement.&#160;&#160;Gross proceeds from the issuance of the
Shares on October 20, 2009 totaled $300,000.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Further, on December 11, 2009, the
Company entered into an additional Subscription Agreement (the &#8220;Dec.
Subscription Agreement&#8221;) with Tobermory for the purchase and sale of 819,672
Units as $0.61 per Unit.&#160;&#160;Per the terms and conditions of the Dec.
Subscription Agreement, a Unit consists of one (1) Share, and one (1) Warrant
with an exercise price of $1.07 per Share, also exercisable for a period of two
(2) years from the date of the Dec. Subscription Agreement.&#160;&#160;Gross
proceeds from the issuance of the Shares on December 11, 2009 totaled
$500,000.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The issuance of the Units is being
conducted in reliance upon certain exemptions from the registration requirements
of the Securities Act of 1933, as amended (the &#8220;Act&#8221;), afforded by Regulation S
promulgated thereunder.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The foregoing is qualified in its
entirety by the Oct. Subscription Agreement and Dec. Subscription
Agreement.&#160;&#160;For further information, please see the Form of
Subscription Agreement attached hereto as Exhibit 10.1 and incorporated herein
by reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Section 3 &#8212; </font><font style="DISPLAY: inline; TEXT-DECORATION: underline">Securities and Trading
Markets</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
3.02&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Unregistered
Sales of Equity Securities.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The disclosure under Item 1.01 is
incorporated by reference in its entirety into this Item 3.02.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>On October 20, 2009, the Company
entered into a Subscription Agreement (the &#8220;Oct. Subscription Agreement&#8221;) with
Tobermory for the purchase and sale of 348,837 Units at $0.86 per
Unit.&#160;&#160;Per the terms and conditions of the Oct. Subscription
Agreement, a Unit consists of one (1) share of common stock of the Company
(&#8220;Share&#8221;), and one (1) warrant representing the right to purchase one (1) Share
at an exercise price of $1.51 per full Share (&#8220;Warrant&#8221;), exercisable for a
period of two (2) years from the date of the Oct. Subscription
Agreement.&#160;&#160;Gross proceeds from the issuance of the Shares on October
20, 2009 totaled $300,000.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>On December 11, 2009, the Company
entered into an additional Subscription Agreement (the &#8220;Dec. Subscription
Agreement&#8221;) with Tobermory for the purchase and sale of 819,672 Units as $0.61
per Unit.&#160;&#160;Per the terms and conditions of the Dec. Subscription
Agreement, a Unit consists of one (1) Share, and one (1) Warrant with an
exercise price of $1.07 per Share, also exercisable for a period of two (2)
years from the date of the Dec. Subscription Agreement.&#160;&#160;Gross
proceeds from the issuance of the Shares on December 11, 2009 totaled
$500,000.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The issuance of the Units is being
conducted in reliance upon certain exemptions from the registration requirements
of the Securities Act of 1933, as amended (the &#8220;Act&#8221;), afforded by Regulation S
promulgated thereunder.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The foregoing is qualified in its
entirety by the Oct. Subscription Agreement and Dec. Subscription
Agreement.&#160;&#160;For further information, please see the Form of
Subscription Agreement attached hereto as Exhibit 10.1 and incorporated herein
by reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Further, on October 1, 2009, the
Company issued an additional 250,000 shares of the Company&#8217;s common stock to
Tobermory at $0.40 per share for gross proceeds of $100,000.&#160;&#160;The
issuance of the 250,000 shares of Company common stock in October was conducted
in an offshore transaction relying on Regulation S promulgated under the
Act.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Section 8 &#8212; Other
Events</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
8.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other
Events.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Item 3.02 of the Company&#8217;s Current
Report on Form 8-K filed with the SEC on September 9, 2009 incorrectly listed a
purchase price of the Company&#8217;s common stock at $0.50 per share due to
inadvertent clerical error.&#160;&#160;The correct price per share for said
issuance of common stock was $0.75 per share.&#160;&#160;All other information
contained in the aforementioned Current Report on Form 8-K, including the number
of shares issued, the gross proceeds, and the exhibits attached thereto, are
correct and remain unchanged.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Section 9 </font><font style="DISPLAY: inline; TEXT-DECORATION: underline">&#8212;</font><font style="DISPLAY: inline; TEXT-DECORATION: underline"> Financial Statements and
Exhibits</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial
Statements and Exhibits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
            <td align="left" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Exhibit No.</font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
            <td align="left" valign="top" width="63%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Exhibit Description</font></font></div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
            <td align="left" valign="top" width="63%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Form
      of Subscription Agreement</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div><br></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURE</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the registrant has duly caused this
Current Report to be signed on its behalf by the undersigned hereunto duly
authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
            <td align="left" valign="top" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;</font></div>
            </td>
            <td align="left" colspan="2" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">AMERICAN
      SIERRA GOLD CORP.</font></div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr><tr>
            <td align="left" valign="top" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Dated:&#160;
      January 4, 2010</font></div>
            </td>
            <td align="left" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:</font></div>
            </td>
            <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      <font style="TEXT-DECORATION: underline">/s/ Johannes
      Petersen</font></font></td>
          </tr><tr>
            <td align="left" valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Johannes
      Petersen</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chief
      Financial Officer</font></div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div><br></div>
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          </div>
          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4</font></div>
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            <hr style="COLOR: black" noshade size="2">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
INDEX</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Exhibit No.</font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
            <td align="left" valign="top" width="63%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Exhibit Description</font></font></div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
            <td align="left" valign="top" width="63%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Form
      of Subscription Agreement</font></div>
            </td>
          </tr></table>
    </div>
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{"company-data": {"conformed-name": "AMERICAN SIERRA GOLD CORP.", "cik": "0001415432", "assigned-sic": "5960", "irs-number": "980528416", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52927", "film-number": "10501906"}, "business-address": {"street1": "200 S. VIRGINIA, 8TH FLOOR", "city": "RENO", "state": "NV", "zip": "89501", "phone": "775-398-3044"}, "mail-address": {"street1": "200 S. VIRGINIA, 8TH FLOOR", "city": "RENO", "state": "NV", "zip": "89501"}, "former-company": {"former-conformed-name": "C E ENTERTAINMENT INC", "date-changed": "20071017"}}
form8-k.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): October 1, 2009
AMERICAN
SIERRA GOLD CORP.
(Exact
name of registrant as specified in its charter)
Nevada
(State
      or other jurisdiction of
incorporation)
000-52927
(Commission
File
      Number)
98-0528416
(IRS
      Employer
Identification
      Number)
200 S. Virginia,
8
th
Floor
Reno,
NV  89501
(Address
of principal executive offices)
(775)
398-3044
(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))
1
Section 1 — Registrant's
Business and Operations
Item
1.01                      Entry
into a Material Definitive Agreement.
As previously disclosed on American
Sierra Gold Corp.'s (the "Company") Current Report on Form 8-K filed with the
Securities and Exchange Commission ("SEC") on October 13, 2009, the Company has
entered into a Share Issuance Agreement (the "Agreement") with Tobermory Holding
Ltd., a corporation organized under the laws of Nevis ("Tobermory"), whereby the
Company may from time to time request a purchase from Tobermory of up to an
aggregate of $6,000,000 worth of the Company's securities pursuant to
individually executed subscription agreements.  The information set
forth in the Company's Current Report on Form 8-K filed on October 13, 2009 with
respect to the Agreement is herein incorporated in its entirety.
Pursuant to
the Agreement, on October 20, 2009, the Company entered into a Subscription
Agreement (the "Oct. Subscription Agreement") with Tobermory for the purchase
and sale of 348,837 Units at $0.86 per Unit.  Per the terms and
conditions of the Oct. Subscription Agreement, a Unit consists of one (1) share
of common stock of the Company ("Share"), and one (1) warrant representing the
right to purchase one (1) Share at an exercise price of $1.51 per Share
("Warrant"), exercisable for a period of two (2) years from the date of the Oct.
Subscription Agreement.  Gross proceeds from the issuance of the
Shares on October 20, 2009 totaled $300,000.
Further, on December 11, 2009, the
Company entered into an additional Subscription Agreement (the "Dec.
Subscription Agreement") with Tobermory for the purchase and sale of 819,672
Units as $0.61 per Unit.  Per the terms and conditions of the Dec.
Subscription Agreement, a Unit consists of one (1) Share, and one (1) Warrant
with an exercise price of $1.07 per Share, also exercisable for a period of two
(2) years from the date of the Dec. Subscription Agreement.  Gross
proceeds from the issuance of the Shares on December 11, 2009 totaled
$500,000.
The issuance of the Units is being
conducted in reliance upon certain exemptions from the registration requirements
of the Securities Act of 1933, as amended (the "Act"), afforded by Regulation S
promulgated thereunder.
The foregoing is qualified in its
entirety by the Oct. Subscription Agreement and Dec. Subscription
Agreement.  For further information, please see the Form of
Subscription Agreement attached hereto as Exhibit 10.1 and incorporated herein
by reference.
Section 3 —
Securities and Trading
Markets
Item
3.02                      Unregistered
Sales of Equity Securities.
The disclosure under Item 1.01 is
incorporated by reference in its entirety into this Item 3.02.
On October 20, 2009, the Company
entered into a Subscription Agreement (the "Oct. Subscription Agreement") with
Tobermory for the purchase and sale of 348,837 Units at $0.86 per
Unit.  Per the terms and conditions of the Oct. Subscription
Agreement, a Unit consists of one (1) share of common stock of the Company
("Share"), and one (1) warrant representing the right to purchase one (1) Share
at an exercise price of $1.51 per full Share ("Warrant"), exercisable for a
period of two (2) years from the date of the Oct. Subscription
Agreement.  Gross proceeds from the issuance of the Shares on October
20, 2009 totaled $300,000.
2
On December 11, 2009, the Company
entered into an additional Subscription Agreement (the "Dec. Subscription
Agreement") with Tobermory for the purchase and sale of 819,672 Units as $0.61
per Unit.  Per the terms and conditions of the Dec. Subscription
Agreement, a Unit consists of one (1) Share, and one (1) Warrant with an
exercise price of $1.07 per Share, also exercisable for a period of two (2)
years from the date of the Dec. Subscription Agreement.  Gross
proceeds from the issuance of the Shares on December 11, 2009 totaled
$500,000.
The issuance of the Units is being
conducted in reliance upon certain exemptions from the registration requirements
of the Securities Act of 1933, as amended (the "Act"), afforded by Regulation S
promulgated thereunder.
The foregoing is qualified in its
entirety by the Oct. Subscription Agreement and Dec. Subscription
Agreement.  For further information, please see the Form of
Subscription Agreement attached hereto as Exhibit 10.1 and incorporated herein
by reference.
Further, on October 1, 2009, the
Company issued an additional 250,000 shares of the Company's common stock to
Tobermory at $0.40 per share for gross proceeds of $100,000.  The
issuance of the 250,000 shares of Company common stock in October was conducted
in an offshore transaction relying on Regulation S promulgated under the
Act.
Section 8 — Other
Events
Item
8.01                      Other
Events.
Item 3.02 of the Company's Current
Report on Form 8-K filed with the SEC on September 9, 2009 incorrectly listed a
purchase price of the Company's common stock at $0.50 per share due to
inadvertent clerical error.  The correct price per share for said
issuance of common stock was $0.75 per share.  All other information
contained in the aforementioned Current Report on Form 8-K, including the number
of shares issued, the gross proceeds, and the exhibits attached thereto, are
correct and remain unchanged.
Section 9
—
Financial Statements and
Exhibits
Item
9.01.                      Financial
Statements and Exhibits.
Exhibit No.
Exhibit Description
10.1
Form
      of Subscription Agreement
3
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the registrant has duly caused this
Current Report to be signed on its behalf by the undersigned hereunto duly
authorized.
AMERICAN
      SIERRA GOLD CORP.
Dated: 
      January 4, 2010
By:
/s/ Johannes
      Petersen
Johannes
      Petersen
Chief
      Financial Officer
4
EXHIBIT
INDEX
Exhibit No.
Exhibit Description
10.1
Form
      of Subscription Agreement
5