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<DIV style="width:486pt"><P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt" align=center><FONT FACE="Arial"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, DC 20549</B></FONT></P>
<P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt" align=center><B>FORM 8-K<BR>
CURRENT REPORT</B></P>
<P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt" align=center><B>Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934</B></P>
<P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt" align=center><B>Date of Report (date of earliest event reported): April 20, 2012</B></P>
<P style="line-height:18pt; margin-top:6.65pt; margin-bottom:6.65pt; font-family:Arial; font-size:16pt" align=center><B>JMG Exploration, Inc.</B></P>
<P style="margin-top:4.15pt; margin-bottom:4.15pt; font-family:Arial" align=center>(Exact name of Registrant as specified in its charter)</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD width=146.55></TD><TD width=93.1></TD><TD width=73.7></TD><TD width=126></TD><TD width=3.1></TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=top width=195.4><P style="line-height:14pt; margin-top:0pt; margin-bottom:6pt; font-family:Arial; font-size:12pt" align=center><B>Nevada</B></P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Arial" align=center>(State or other jurisdiction of incorporation or organization)</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=top width=222.4 colspan=2><P style="line-height:14pt; margin-top:0pt; margin-bottom:6pt; font-family:Arial; font-size:12pt" align=center><B>001-32438 </B></P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Arial" align=center>(Commission File Number)</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=top width=172.133 colspan=2><P style="line-height:14pt; margin-top:0pt; margin-bottom:6pt; font-family:Arial; font-size:12pt" align=center><B>20-1373949</B></P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Arial" align=center>(IRS employer identification no.)</P>
</TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=top width=319.533 colspan=2><P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt" align=center><B>180 South Lake Ave.</B></P>
<P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt" align=center><B>Seventh Floor</B></P>
<P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt" align=center><B>Pasadena, CA </B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=bottom width=270.4 colspan=3><P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt" align=center><B>91101</B></P>
</TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=top width=319.533 colspan=2><P style="margin-top:4.15pt; margin-bottom:4.15pt; font-family:Arial" align=center>(Address of principal executive offices)</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=top width=270.4 colspan=3><P style="margin-top:4.15pt; margin-bottom:4.15pt; font-family:Arial" align=center>(Zip Code)</P>
</TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=top width=319.533 colspan=2><P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt" align=center><B>Registrant&#146;s telephone number, including area code:</B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=bottom width=270.4 colspan=3><P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt" align=center><B>(626) 792-3842</B></P>
</TD></TR>
</TABLE>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt; font-family:Arial" align=center>&nbsp;(Registrant&#146;s former name or former address, if changed since last Report)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-right:-9pt; font-family:Shruti; font-size:12pt"><FONT FACE="Shruti">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:</FONT></P>
<P style="line-height:14pt; margin:0pt; padding-left:14.4pt; text-indent:-14.4pt; font-family:Wingdings; font-size:12pt"><FONT FACE="Wingdings">o</FONT><FONT FACE="Shruti"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="line-height:14pt; margin:0pt; padding-left:14.4pt; text-indent:-14.4pt; font-family:Wingdings; font-size:12pt">o<FONT FACE="Shruti"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="line-height:14pt; margin:0pt; padding-left:14.4pt; text-indent:-14.4pt; font-family:Wingdings; font-size:12pt">o<FONT FACE="Shruti"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="line-height:14pt; margin:0pt; padding-left:14.4pt; text-indent:-14.4pt; font-family:Wingdings; font-size:12pt">o<FONT FACE="Shruti"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
<P style="margin:0pt" align=justify><BR>
<BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt; page-break-before:always" align=justify><FONT FACE="Arial">&nbsp;</FONT></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt" align=justify><B>Item 8.01 &nbsp;Other Events</B></P>
<P style="line-height:14pt; margin-top:6pt; margin-bottom:6pt; font-size:12pt" align=justify><FONT FACE="Times New Roman">On April 20, 2012, JMG entered into a non-binding Letter of Intent to acquire Ad-Vantage Networks, Inc., a development stage corporation that is engaged in digital advertising service technology.</FONT></P>
<P style="line-height:14pt; margin-top:6pt; margin-bottom:6pt; font-size:12pt" align=justify>The acquisition will result in the current stockholders of JMG owning approximately 12.9% of the Company on a fully diluted basis and the security holders of Ad-Vantage, together with certain new investors, option holders and warrant holders owning the balance. </P>
<P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-size:12pt" align=justify>The transaction is subject to a 90 day due diligence period, the entry into definitive agreements and other customary conditions. No assurance can be given that the transaction between JMG and Ad-Vantage can or will be completed.</P>
<P style="line-height:14pt; margin-top:6pt; margin-bottom:6pt; font-size:12pt">On completion of the proposed transaction: </P>
<P style="line-height:14pt; margin-top:6pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol; font-size:12pt"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:6pt; padding-left:36pt; font-size:12pt"><FONT FACE="Times New Roman">Ad-Vantage will become a wholly owned subsidiary&nbsp;of JMG Exploration; </FONT></P>
<P style="line-height:14pt; margin-top:6pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol; font-size:12pt"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:6pt; padding-left:36pt; font-size:12pt"><FONT FACE="Times New Roman">JMG will seek to implement a one-for-two reverse stock split:</FONT></P>
<P style="line-height:14pt; margin-top:6pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol; font-size:12pt"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:6pt; padding-left:36pt; font-size:12pt"><FONT FACE="Times New Roman">JMG will extend its three classes of warrants ($4.25, $5.00 and $6.00) for a period of 18 months from the closing of the transaction; </FONT></P>
<P style="line-height:14pt; margin-top:6pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol; font-size:12pt"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:6pt; padding-left:36pt; font-size:12pt"><FONT FACE="Times New Roman">JMG will cause the officers and directors of Ad-Vantage to become officers and directors of JMG Exploration; and </FONT></P>
<P style="line-height:14pt; margin-top:6pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; font-family:Symbol; font-size:12pt"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:6pt; padding-left:36pt; font-size:12pt"><FONT FACE="Times New Roman">JMG will have a board of directors that will consist of five persons, two of whom will be designated by Ad-Vantage, two by JMG and one independent director to be mutually designated by the parties.</FONT></P>
<P style="line-height:14pt; margin-top:6pt; margin-bottom:6pt; font-size:12pt">&nbsp;&nbsp;&nbsp;<BR>
<B>Item 9.01&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits.</B></P>
<P style="line-height:14pt; margin:0pt; text-indent:36pt; font-size:12pt" align=justify>On <A NAME="OLE_LINK1"></A>April 20, 2012, JMG Exploration, Inc. issued a press release indicating that the Company entered into a non-binding Letter of Intent to acquire Ad-Vantage Networks, Inc.. A copy of that press release is attached to this report as Exhibit 99.1.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-size:12pt">&nbsp;(c) <B>Exhibits</B></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=70.8></TD><TD width=371.7></TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=top width=94.4><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Exhibit <U>No.</U></B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=bottom width=495.6><P style="line-height:14pt; margin:0pt; font-size:12pt"><B><U>Description</U></B></P>
</TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=bottom width=94.4><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>99.1</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=bottom width=495.6><P style="line-height:14pt; margin:0pt; font-size:12pt">Press Release dated April 20, 2012</P>
</TD></TR>
</TABLE>
<P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt" align=justify><FONT FACE="Arial">&nbsp;</FONT></P>
<P style="margin:5pt" align=justify><BR></P>
<P style="margin:5pt" align=justify><BR>
<BR></P>
<P style="margin:5pt; page-break-before:always" align=justify><BR></P>
<P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt">&nbsp;<B>SIGNATURES</B></P>
<P style="line-height:14pt; margin-top:5pt; margin-bottom:5pt; text-indent:36pt; font-family:Arial; font-size:12pt">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="margin-top:5pt; margin-bottom:5pt; font-family:Arial; font-size:12pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD width=157.95></TD><TD width=238.65></TD><TD width=99.15></TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" width=210.6><P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt">Date: April 20, 2012</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" width=318.2><P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt"><B>JMG Exploration, Inc.</B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" width=132.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" width=210.6><P style="margin:0pt; font-family:Arial; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border-bottom:0.5pt solid #000000" valign=top width=318.2><P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt">/s/ Justin Yorke</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" width=132.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" width=210.6><P style="margin:0pt; font-family:Arial; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" valign=top width=318.2><P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt">Justin Yorke</P>
<P style="line-height:14pt; margin:0pt; font-family:Arial; font-size:12pt">Chief Executive Officer</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" width=132.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
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<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR>
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unsaved:///newpage2.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): April 20, 2012
JMG Exploration, Inc.
(Exact name of Registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation or organization)
001-32438
(Commission File Number)
20-1373949
(IRS employer identification no.)
180 South Lake Ave.
Seventh Floor
Pasadena, CA
91101
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(626) 792-3842
(Registrant's former name or former address, if changed since last Report)
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01  Other Events
On April 20, 2012, JMG entered into a non-binding Letter of Intent to acquire Ad-Vantage Networks, Inc., a development stage corporation that is engaged in digital advertising service technology.
The acquisition will result in the current stockholders of JMG owning approximately 12.9% of the Company on a fully diluted basis and the security holders of Ad-Vantage, together with certain new investors, option holders and warrant holders owning the balance.
The transaction is subject to a 90 day due diligence period, the entry into definitive agreements and other customary conditions. No assurance can be given that the transaction between JMG and Ad-Vantage can or will be completed.
On completion of the proposed transaction:
·
Ad-Vantage will become a wholly owned subsidiary of JMG Exploration;
·
JMG will seek to implement a one-for-two reverse stock split:
·
JMG will extend its three classes of warrants ($4.25, $5.00 and $6.00) for a period of 18 months from the closing of the transaction;
·
JMG will cause the officers and directors of Ad-Vantage to become officers and directors of JMG Exploration; and
·
JMG will have a board of directors that will consist of five persons, two of whom will be designated by Ad-Vantage, two by JMG and one independent director to be mutually designated by the parties.
Item 9.01    Financial Statements and Exhibits.
On
April 20, 2012, JMG Exploration, Inc. issued a press release indicating that the Company entered into a non-binding Letter of Intent to acquire Ad-Vantage Networks, Inc.. A copy of that press release is attached to this report as Exhibit 99.1.
(c)
Exhibits
Exhibit
No.
Description
99.1
Press Release dated April 20, 2012
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: April 20, 2012
JMG Exploration, Inc.
/s/ Justin Yorke
Justin Yorke
Chief Executive Officer