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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 11pt Calibri, Halvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 11pt Calibri, Halvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 11pt Calibri, Halvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported)
November 8, 2011</P>

<P STYLE="font: 11pt Calibri, Halvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMERICAN MINING CORPORATION</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">Nevada</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction of incorporation)</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">000-52403</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Commission File Number)</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">20-3373669</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">(IRS Employer Identification No.)</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">970 Caughlin Crossing, Suite 100</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">Reno, Nevada 89519</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">(888) 505-5808</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address Of Principal executive offices)</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt 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: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d - 2(b))</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt">Item 1.01</TD>
    <TD STYLE="width: 89%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">Entry into a Material Definitive Agreement</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">To the extent required by Item 1.01 of Form 8-K, the information
contained in or incorporated by reference into Items 1.01 and 2.01 of our Current Report on Form 8-K filed June 7, 2011, is hereby
incorporated by reference into this Item 1.01.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On April 18, 2011, American Mining Corporation (the &ldquo;Company&rdquo;)
entered into an Asset Purchase Agreement with North American Mining Corporation (&ldquo;NAMC&rdquo;), whereby the Company agreed
to acquire certain assets from NAMC in exchange for 31,000,000 shares of the Company&rsquo;s common stock and an assumption of
certain liabilities associated with the assets (the &ldquo;Acquisition&rdquo;). As part of the Acquisition, the Company also agreed
to issue 2,000,000 shares of Series A Preferred Stock to Gary MacDonald, as a secured creditor of NAMC, in exchange for his consent
to the Acquisition. The Acquisition completed on May 31, 2011.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By written agreement dated November 8, 2011, the Company agreed
with NAMC and Gary MacDonald (formerly, our sole officer and director) to rescind the Acquisition, effective August 31, 2011, so
that each party to the Acquisition would be, in every respect, as much as possible, returned to the same position as such party
was immediately prior to the Acquisition (the &ldquo;Rescission&rdquo;). A copy of the written agreement is filed herewith as Exhibit
10.1 and is incorporated into this Item 1.01 by reference.</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">Under the terms of the Rescission, effective August 31, 2011, the
Asset Purchase Agreement and all documents, instruments, securities and other certificates executed or delivered in connection
with the transactions contemplated by the Asset Purchase Agreement, including without limitation the Employment Agreement dated
May 31, 2011 between the Company and Gary MacDonald, have been rescinded, rendered null and void ab initio and of no force or effect.
Each party to the Rescission has agreed to promptly do such further acts and things, including executing appropriate documents,
as may be reasonably requested by the other parties to the Rescission to carry out the intent of the Rescission.</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">NAMC has agreed to assume and indemnify the Company against, any
and all debts, obligations and liabilities, present or future, direct or indirect, absolute or contingent, matured or not, arising
prior to November 8, 2011, that might at any time be determined to be owing by the Company to certain persons who were involved
in transactions concerning the Company from May 31, 2011 through to November 8, 2011.</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">The Rescission provides for mutual releases between the Company
and each of NAMC and Gary MacDonald from all claims arising from the Acquisition, but not the provisions of the Rescission.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt">Item 1.02</TD>
    <TD STYLE="width: 89%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">Termination of a Material Definitive Agreement</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The information contained in Item 1.01 is incorporated into this
Item 1.02 by reference. To the extent required by Item 1.02 of Form 8-K, the information contained in or incorporated by reference
into Items 1.01 and 2.01 of our Current Report on Form 8-K filed June 7, 2011, is hereby incorporated by reference into this Item
1.02.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By operation of the Rescission, the Asset Purchase Agreement dated
April 18, 2011, as amended on May 31, 2011, and all documents, instruments, securities and other certificates executed or delivered
in connection with the transactions contemplated by the Asset Purchase Agreement, including without limitation the Employment Agreement
dated May 31, 2011 between the Company and Gary MacDonald, have been rescinded, rendered null and void ab initio and of no force
or effect, effective August 31, 2011.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt">Item 2.01</TD>
    <TD STYLE="width: 89%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">Completion of Acquisition or Disposition of Assets</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The information contained in Item 1.01 is incorporated into this
Item 2.01 by reference. To the extent required by Item 2.01 of Form 8-K, the information contained in or incorporated by reference
into Items 1.01 and 2.01 of our Current Report on Form 8-K filed June 7, 2011, is hereby incorporated by reference into this Item
2.01.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By operation of the Rescission, effective August 31, 2011 all the
assets acquired from NAMC through the Acquisition have been returned to NAMC.</P>


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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt">Item 5.01</TD>
    <TD STYLE="width: 89%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">Changes in Control of Registrant</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The information contained in Item 1.01 is incorporated into this
Item 5.01 by reference. To the extent required by Item 5.01 of Form 8-K, the information contained in or incorporated by reference
into Items 1.01, 2.01 and 5.01 of our Current Report on Form 8-K filed June 7, 2011, is hereby incorporated by reference into this
Item 5.01.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Under the terms of the Rescission, NAMC has specifically agreed
to rescind the issuance to NAMC of 31,000,000 shares of the Company&rsquo;s common stock under the Acquisition (or otherwise),
and to surrender to the Company any and all rights NAMC has or may have with respect to such shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Under the terms of the Rescission, Gary MacDonald has specifically
agreed to rescind the issuance to NAMC of 2,000,000 shares of the Company&rsquo;s Series A Preferred Stock under the Acquisition
(or otherwise), and to surrender to the Company any and all rights NAMC has or may have with respect to such shares.</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">As a result of the Rescission, control of the Company has reverted
to Ophion Management Ltd., a company controlled by Thomas Mills, our President. Ophion Management Ltd. owns 500,003 shares of the
Company&rsquo;s common stock, which entitles it to 74% voting control of the Company.</P>

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

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: bold 10pt/115% Times New Roman, Times, Serif">Item 9.01</TD>
    <TD STYLE="font: bold 10pt/115% Times New Roman, Times, Serif">Financial Statements and Exhibits</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt/115% Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt/115% Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt/115% Times New Roman, Times, Serif">(d)</TD>
    <TD STYLE="font: bold 10pt/115% Times New Roman, Times, Serif">Exhibits</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt/115% Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt/115% Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 8%; vertical-align: top; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Exhibit</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>No.</B></P></TD>
    <TD STYLE="width: 1%; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 91%; vertical-align: bottom; border-bottom: black 1.5pt solid; font: bold 10pt/115% Times New Roman, Times, Serif">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt/115% Times New Roman, Times, Serif">10.1</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt/115% Times New Roman, Times, Serif">Mutual Rescission Agreement dated November 8, 2011 among North American Mining Corporation, Gary MacDonald and American Mining Corporation</TD></TR>
</TABLE>
<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in"><B>AMERICAN MINING CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">/s/ Thomas Mills</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">Thomas Mills</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">Date: November 8, 2011</P>

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


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

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{"company-data": {"conformed-name": "American Mining Corp", "cik": "0001343009", "assigned-sic": "1311", "irs-number": "203373669", "state-of-incorporation": "NV", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52403", "film-number": "111202782"}, "business-address": {"street1": "970 CAUGHLIN CROSSING", "street2": "SUITE 100", "city": "RENO", "state": "NV", "zip": "89519", "phone": "888-505-5808"}, "mail-address": {"street1": "970 CAUGHLIN CROSSING", "street2": "SUITE 100", "city": "RENO", "state": "NV", "zip": "89519"}, "former-company": {"former-conformed-name": "Thrust Energy Corp.", "date-changed": "20051031"}}
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)
November 8, 2011
AMERICAN MINING CORPORATION
(Exact name of registrant as specified in its
charter)
Nevada
(State or other jurisdiction of incorporation)
000-52403
(Commission File Number)
20-3373669
(IRS Employer Identification No.)
970 Caughlin Crossing, Suite 100
Reno, Nevada 89519
(888) 505-5808
(Address Of Principal executive offices)
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
To the extent required by Item 1.01 of Form 8-K, the information
contained in or incorporated by reference into Items 1.01 and 2.01 of our Current Report on Form 8-K filed June 7, 2011, is hereby
incorporated by reference into this Item 1.01.
On April 18, 2011, American Mining Corporation (the "Company")
entered into an Asset Purchase Agreement with North American Mining Corporation ("NAMC"), whereby the Company agreed
to acquire certain assets from NAMC in exchange for 31,000,000 shares of the Company's common stock and an assumption of
certain liabilities associated with the assets (the "Acquisition"). As part of the Acquisition, the Company also agreed
to issue 2,000,000 shares of Series A Preferred Stock to Gary MacDonald, as a secured creditor of NAMC, in exchange for his consent
to the Acquisition. The Acquisition completed on May 31, 2011.
By written agreement dated November 8, 2011, the Company agreed
with NAMC and Gary MacDonald (formerly, our sole officer and director) to rescind the Acquisition, effective August 31, 2011, so
that each party to the Acquisition would be, in every respect, as much as possible, returned to the same position as such party
was immediately prior to the Acquisition (the "Rescission"). A copy of the written agreement is filed herewith as Exhibit
10.1 and is incorporated into this Item 1.01 by reference.
Under the terms of the Rescission, effective August 31, 2011, the
Asset Purchase Agreement and all documents, instruments, securities and other certificates executed or delivered in connection
with the transactions contemplated by the Asset Purchase Agreement, including without limitation the Employment Agreement dated
May 31, 2011 between the Company and Gary MacDonald, have been rescinded, rendered null and void ab initio and of no force or effect.
Each party to the Rescission has agreed to promptly do such further acts and things, including executing appropriate documents,
as may be reasonably requested by the other parties to the Rescission to carry out the intent of the Rescission.
NAMC has agreed to assume and indemnify the Company against, any
and all debts, obligations and liabilities, present or future, direct or indirect, absolute or contingent, matured or not, arising
prior to November 8, 2011, that might at any time be determined to be owing by the Company to certain persons who were involved
in transactions concerning the Company from May 31, 2011 through to November 8, 2011.
The Rescission provides for mutual releases between the Company
and each of NAMC and Gary MacDonald from all claims arising from the Acquisition, but not the provisions of the Rescission.
Item 1.02
Termination of a Material Definitive Agreement
The information contained in Item 1.01 is incorporated into this
Item 1.02 by reference. To the extent required by Item 1.02 of Form 8-K, the information contained in or incorporated by reference
into Items 1.01 and 2.01 of our Current Report on Form 8-K filed June 7, 2011, is hereby incorporated by reference into this Item
1.02.
By operation of the Rescission, the Asset Purchase Agreement dated
April 18, 2011, as amended on May 31, 2011, and all documents, instruments, securities and other certificates executed or delivered
in connection with the transactions contemplated by the Asset Purchase Agreement, including without limitation the Employment Agreement
dated May 31, 2011 between the Company and Gary MacDonald, have been rescinded, rendered null and void ab initio and of no force
or effect, effective August 31, 2011.
Item 2.01
Completion of Acquisition or Disposition of Assets
The information contained in Item 1.01 is incorporated into this
Item 2.01 by reference. To the extent required by Item 2.01 of Form 8-K, the information contained in or incorporated by reference
into Items 1.01 and 2.01 of our Current Report on Form 8-K filed June 7, 2011, is hereby incorporated by reference into this Item
2.01.
By operation of the Rescission, effective August 31, 2011 all the
assets acquired from NAMC through the Acquisition have been returned to NAMC.
Item 5.01
Changes in Control of Registrant
The information contained in Item 1.01 is incorporated into this
Item 5.01 by reference. To the extent required by Item 5.01 of Form 8-K, the information contained in or incorporated by reference
into Items 1.01, 2.01 and 5.01 of our Current Report on Form 8-K filed June 7, 2011, is hereby incorporated by reference into this
Item 5.01.
Under the terms of the Rescission, NAMC has specifically agreed
to rescind the issuance to NAMC of 31,000,000 shares of the Company's common stock under the Acquisition (or otherwise),
and to surrender to the Company any and all rights NAMC has or may have with respect to such shares.
Under the terms of the Rescission, Gary MacDonald has specifically
agreed to rescind the issuance to NAMC of 2,000,000 shares of the Company's Series A Preferred Stock under the Acquisition
(or otherwise), and to surrender to the Company any and all rights NAMC has or may have with respect to such shares.
As a result of the Rescission, control of the Company has reverted
to Ophion Management Ltd., a company controlled by Thomas Mills, our President. Ophion Management Ltd. owns 500,003 shares of the
Company's common stock, which entitles it to 74% voting control of the Company.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits
Exhibit
No.
Description
10.1
Mutual Rescission Agreement dated November 8, 2011 among North American Mining Corporation, Gary MacDonald and American Mining Corporation
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 MINING CORPORATION
/s/ Thomas Mills
Thomas Mills
President
Date: November 8, 2011