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): August 31, 2007


                           SPRINGBANK RESOURCES, INC.
                           --------------------------
                 (Name of Small Business Issuer in its charter)


         Nevada                       None                    20-4854758
       -----------                ------------             ---------------
(State of incorporation)      (Commission File No.)         (IRS Employer
                                                          Identification No.)

                         Suite 150, 1300 8th Street, SW
                                Calgary, Alberta
                                 Canada T2R 1B2
                   ------------------------------------------
          (Address of principal executive offices, including Zip Code)


       Registrant's telephone number, including area code: (866) 581-0266


                                       N/A
                           --------------------------
          (Former name or former address if changed since last report)


Check 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-14(c) under the
    Exchange Act (17 CFR 240.13e-4(c))



<PAGE>


Item 1.01   Entry Into a Material Definitive Agreement


     On August 31,  2007  Springbank  Resources,  Inc.  signed an  agreement  to
acquire Location Based Technologies,  Corp. (formerly known as PocketFinder LLC)
for 18,384,500 shares of Springbank's common stock.

     Location Based  Technologies has developed an innovative  wireless personal
location device which uses the U.S.  Department of Defense's Global  Positioning
System ("GPS")  satellites and General Packet Radio Service ("GPRS")  technology
over the Global Systems Mobile ("GSM") network.  Location Based  Technologies is
in the development stage and has not yet generated any revenues.

     Following the closing,  and at the election of holders of convertible notes
sold by  Location  Based  Technologies,  up to  4,787,000  additional  shares of
Springbank's  common  stock may be issued in payment of  $4,787,000  owed to the
note holders.

     The  closing  of the  acquisition  is  subject  to a number of  conditions,
including the  completion  of an audit of the  financial  statements of Location
Based Technologies.

     On August  31,  2007  Springbank  also  agreed to sell its five oil and gas
wells in Oklahoma to Energy  Capture Corp.  The $67,135  purchase  price for the
wells will be paid by Energy Capture Corp.  assuming  $67,135 owed by Springbank
to the operator of the wells.




                                       2


<PAGE>


                                   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.


Date:   September 4, 2007                 SPRINGBANK RESOURCES, INC.

                                          By: /s/ Clint Black
                                             -----------------------------------
                                                  Clint Black, President
[{"type": "8-K", "sequence": "1", "filename": "form8ksept07.txt", "secsgml_size_bytes": 3987}]
{"company-data": {"conformed-name": "Springbank Resources, Inc.", "cik": "0001383196", "assigned-sic": "1311", "irs-number": "204854758", "state-of-incorporation": "NV", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-139395", "film-number": "071099254"}, "business-address": {"street1": "SUITE 150, 1300 8TH ST., S.W.", "city": "CALGARY", "state": "A0", "zip": "T2R 1B2", "phone": "866-581-0266"}, "mail-address": {"street1": "SUITE 150, 1300 8TH ST., S.W.", "city": "CALGARY", "state": "A0", "zip": "T2R 1B2"}}
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): August 31, 2007

                           SPRINGBANK RESOURCES, INC.
                           --------------------------
                 (Name of Small Business Issuer in its charter)

         Nevada                       None                    20-4854758
       -----------                ------------             ---------------
(State of incorporation)      (Commission File No.)         (IRS Employer
                                                          Identification No.)

                         Suite 150, 1300 8th Street, SW
                                Calgary, Alberta
                                 Canada T2R 1B2
                   ------------------------------------------
          (Address of principal executive offices, including Zip Code)

       Registrant's telephone number, including area code: (866) 581-0266

                                       N/A
                           --------------------------
          (Former name or former address if changed since last report)

Check 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-14(c) under the
    Exchange Act (17 CFR 240.13e-4(c))
Item 1.01   Entry Into a Material Definitive Agreement

     On August 31,  2007  Springbank  Resources,  Inc.  signed an  agreement  to
acquire Location Based Technologies,  Corp. (formerly known as PocketFinder LLC)
for 18,384,500 shares of Springbank's common stock.

     Location Based  Technologies has developed an innovative  wireless personal
location device which uses the U.S.  Department of Defense's Global  Positioning
System ("GPS")  satellites and General Packet Radio Service ("GPRS")  technology
over the Global Systems Mobile ("GSM") network.  Location Based  Technologies is
in the development stage and has not yet generated any revenues.

     Following the closing,  and at the election of holders of convertible notes
sold by  Location  Based  Technologies,  up to  4,787,000  additional  shares of
Springbank's  common  stock may be issued in payment of  $4,787,000  owed to the
note holders.

     The  closing  of the  acquisition  is  subject  to a number of  conditions,
including the  completion  of an audit of the  financial  statements of Location
Based Technologies.

     On August  31,  2007  Springbank  also  agreed to sell its five oil and gas
wells in Oklahoma to Energy  Capture Corp.  The $67,135  purchase  price for the
wells will be paid by Energy Capture Corp.  assuming  $67,135 owed by Springbank
to the operator of the wells.

                                       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.

Date:   September 4, 2007                 SPRINGBANK RESOURCES, INC.

                                          By: /s/ Clint Black
                                             -----------------------------------
                                                  Clint Black, President