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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>FORM 8-K</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 24pt 0 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 24pt 0 0; text-align: center">Date of Report (Date of earliest event
reported)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><U>February 15, 2012</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 24pt 0 0; text-align: center"><B><U>AuraSource, Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

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

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="width: 34%; text-decoration: underline; text-align: center">Nevada</TD>
    <TD STYLE="width: 33%; text-decoration: underline; text-align: center">000-28585</TD>
    <TD STYLE="width: 33%; text-decoration: underline; text-align: center">68-0427395</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="text-align: center">(Commission File Number)</TD>
    <TD STYLE="text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">1490 South Price Road, Suite 219</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Chandler, AZ</U></P></TD>
    <TD STYLE="width: 50%; text-decoration: underline; text-align: center">85286</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">Registrant's telephone number, including
area code: <FONT STYLE="color: black">(480) 292-7179</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 15, 2012, we entered into an agreement
with Gulf Coast Holdings, LLC (&ldquo;GCH&rdquo;) to reserve export ready 1 million tons of 64% Fe higher content iron ore and
13 million 45% grade lower content iron ore, and 2 million tons of manganese ore. We agreed to issue <FONT STYLE="color: black">16
million shares of our common stock to GCH or assigns (&ldquo;Mineral Deposit Shares&rdquo;). </FONT>The Mineral Deposit Shares
shall vest and be delivered as follows; 5 million immediately, 11 million upon the successful completion of the first customer
order of total revenue over $5 million. Success shall be defined as customer acceptance of order and final payment. To the extent
a successful order does not occur the unvested Mineral Deposit Shares shall be returned to our treasury and cancelled. GCH has
the right to designate two board members who we mutually agree to. A copy of the Mineral Reserve Agreement is attached to this
Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 15, 2012, we entered into an agreement
with Gulf Coast Mining Group, LLC (&ldquo;GCM&rdquo;) to purchase (i) higher content iron ore, lower content iron ore and manganese
ore (collectively, the &quot;Minerals&quot;) which will be delivered loose in bulk modified FOB. A copy of the Agreement to Purchase
Minerals is attached to this Current Report on Form 8-K as Exhibit 10.2 and is incorporated herein by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 15, 2012, we entered into an agreement
with Gulf Coast Holdings, LLC (&ldquo;GCH&rdquo;) appointing GCH as the exclusive North American licensee for use and exploitation
of our technology as relates to applications involving precious metals in exchange for royalty payments of five percent of gross
revenues. A copy of the Exclusive License Agreement is attached to this Current Report on Form 8-K as Exhibit 10.3 and is incorporated
herein by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 3.02. Unregistered Sales of Equity Securities.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 15, 2012, we entered into an agreement
with GCH to reserve export ready 1 million tons of 64% Fe higher content iron ore and 13 million 45% grade lower content iron ore,
and 2 million tons of manganese ore. We agreed to issue 16 million shares of our common stock to GCH or assigns. On February 19,
2012, GCH assigned 100% of its interest in the Mineral Reserve Agreement to <FONT STYLE="color: black">Hong Kong Minerals Holdings&nbsp;Limited
(the &quot;Investor&quot;).</FONT> The Mineral Deposit Shares shall vest and be delivered as follows: 5 million immediately, 11
million upon the successful completion of the first customer order of total revenue over $5 million. Success shall be defined as
customer acceptance of order and final payment. To the extent a successful order does not occur the unvested Mineral Deposit Shares
shall be returned to our treasury and cancelled. GCH has the right to designate two board members, one of whom is to be mutually
agreed. The Company has no material prior relationship with GCH or the Investor other than what is set forth above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The issuance of the shares of the Company&rsquo;s
common stock to the Investor pursuant to the Mineral Reserve Agreement is intended to be exempt from registration under the Securities
Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), pursuant to Section 4(2) thereof and Rule 506 of Regulation D (&ldquo;Regulation
D&rdquo;) as promulgated by the United States Securities and Exchange Commission (&ldquo;Commission&rdquo;) under the Securities
Act, as the Mineral Deposit Shares were issued to accredited investors and were not sold through any general solicitation or advertisement.
The shares sold by the Company have not been registered under the Securities Act of 1933 and may not be offered or sold in the
United States absent such registration or an available exemption from registration.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A copy of the Mineral Reserve Agreement is
attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board of Directors of the Company approved
the issuance to each member of the Board of Directors of 950,000 options with an exercise price of $0.28.&nbsp; The options will
vest upon the company earning $5 million in revenues. The options will expire in 5 years. &nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 9.01. Financial Statements and Exhibits</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d) Exhibits.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">10.1&#9;Mineral Reserve Agreement between Gulf
Coast Holdings, LLC and AuraSource, Inc. dated February 15, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">10.2&#9;Agreement to Purchase Minerals between
Gulf Coast Mining, LLC and AuraSource, Inc. dated February 15, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">10.3&#9;Exclusive License Agreement between
Gulf Coast Holdings, LLC and AuraSource, Inc. dated February 15, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify; text-indent: -1in">&nbsp;</P>

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

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Pursuant to the
requirements of the Securities Exchange Act of 1934, AuraSource, Inc. 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: 0 0 12pt 3in"><B>AURASOURCE, INC.<BR STYLE="mso-special-character: line-break">
<BR STYLE="mso-special-character: line-break">
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Date: February 21, 2012&#9;By:&#9;<U>/s/ Eric Stoppenhagen&#9;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 243.35pt">Eric Stoppenhagen</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 243.35pt">Chief Financial Officer</P>

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



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

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[{"type": "8-K", "sequence": "1", "filename": "form8k120215.htm", "description": "FORM 8-K FEBRUARY 15, 2012", "secsgml_size_bytes": 14006}]
{"company-data": {"conformed-name": "AuraSource, Inc.", "cik": "0001083922", "assigned-sic": "1382", "irs-number": "680427395", "state-of-incorporation": "NV", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28585", "film-number": "12626357"}, "business-address": {"street1": "1490 SOUTH PRICE ROAD", "street2": "SUITE 219", "city": "CHANDLER", "state": "AZ", "zip": "85286", "phone": "480-292-7179"}, "mail-address": {"street1": "1490 SOUTH PRICE ROAD", "street2": "SUITE 219", "city": "CHANDLER", "state": "AZ", "zip": "85286"}, "former-company": [{"former-conformed-name": "MOBILE NATION INC", "date-changed": "20030731"}, {"former-conformed-name": "WOLFSTONE CORP", "date-changed": "19991210"}]}
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)
February 15, 2012
AuraSource, Inc.
(Exact name of registrant as specified in its
charter)
Nevada
000-28585
68-0427395
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1490 South Price Road, Suite 219
Chandler, AZ
85286
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including
area code:
(480) 292-7179
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 (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 1.01 Entry into a Material Definitive Agreement.
On February 15, 2012, we entered into an agreement
with Gulf Coast Holdings, LLC ("GCH") to reserve export ready 1 million tons of 64% Fe higher content iron ore and
13 million 45% grade lower content iron ore, and 2 million tons of manganese ore. We agreed to issue
16
million shares of our common stock to GCH or assigns ("Mineral Deposit Shares").
The Mineral Deposit Shares
shall vest and be delivered as follows; 5 million immediately, 11 million upon the successful completion of the first customer
order of total revenue over $5 million. Success shall be defined as customer acceptance of order and final payment. To the extent
a successful order does not occur the unvested Mineral Deposit Shares shall be returned to our treasury and cancelled. GCH has
the right to designate two board members who we mutually agree to. A copy of the Mineral Reserve Agreement is attached to this
Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
On February 15, 2012, we entered into an agreement
with Gulf Coast Mining Group, LLC ("GCM") to purchase (i) higher content iron ore, lower content iron ore and manganese
ore (collectively, the "Minerals") which will be delivered loose in bulk modified FOB. A copy of the Agreement to Purchase
Minerals is attached to this Current Report on Form 8-K as Exhibit 10.2 and is incorporated herein by reference.
On February 15, 2012, we entered into an agreement
with Gulf Coast Holdings, LLC ("GCH") appointing GCH as the exclusive North American licensee for use and exploitation
of our technology as relates to applications involving precious metals in exchange for royalty payments of five percent of gross
revenues. A copy of the Exclusive License Agreement is attached to this Current Report on Form 8-K as Exhibit 10.3 and is incorporated
herein by reference.
Item 3.02. Unregistered Sales of Equity Securities.
On February 15, 2012, we entered into an agreement
with GCH to reserve export ready 1 million tons of 64% Fe higher content iron ore and 13 million 45% grade lower content iron ore,
and 2 million tons of manganese ore. We agreed to issue 16 million shares of our common stock to GCH or assigns. On February 19,
2012, GCH assigned 100% of its interest in the Mineral Reserve Agreement to
Hong Kong Minerals Holdings Limited
(the "Investor").
The Mineral Deposit Shares shall vest and be delivered as follows: 5 million immediately, 11
million upon the successful completion of the first customer order of total revenue over $5 million. Success shall be defined as
customer acceptance of order and final payment. To the extent a successful order does not occur the unvested Mineral Deposit Shares
shall be returned to our treasury and cancelled. GCH has the right to designate two board members, one of whom is to be mutually
agreed. The Company has no material prior relationship with GCH or the Investor other than what is set forth above.
The issuance of the shares of the Company's
common stock to the Investor pursuant to the Mineral Reserve Agreement is intended to be exempt from registration under the Securities
Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(2) thereof and Rule 506 of Regulation D ("Regulation
D") as promulgated by the United States Securities and Exchange Commission ("Commission") under the Securities
Act, as the Mineral Deposit Shares were issued to accredited investors and were not sold through any general solicitation or advertisement.
The shares sold by the Company have not been registered under the Securities Act of 1933 and may not be offered or sold in the
United States absent such registration or an available exemption from registration.
A copy of the Mineral Reserve Agreement is
attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Board of Directors of the Company approved
the issuance to each member of the Board of Directors of 950,000 options with an exercise price of $0.28.  The options will
vest upon the company earning $5 million in revenues. The options will expire in 5 years.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
10.1	Mineral Reserve Agreement between Gulf
Coast Holdings, LLC and AuraSource, Inc. dated February 15, 2012.
10.2	Agreement to Purchase Minerals between
Gulf Coast Mining, LLC and AuraSource, Inc. dated February 15, 2012.
10.3	Exclusive License Agreement between
Gulf Coast Holdings, LLC and AuraSource, Inc. dated February 15, 2012.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, AuraSource, Inc. has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
AURASOURCE, INC.
Date: February 21, 2012	By:
/s/ Eric Stoppenhagen
Eric Stoppenhagen
Chief Financial Officer