<HTML>
<head><title>Filed by Ched Corporate Solutions - www.chedcorp.com - 1-888-567-CHED (2433) - Sanborn Resources Ltd. - Form 8-K</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:Times New Roman; COLOR:#000000; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center><br><font style=FONT-SIZE:11pt>&nbsp;</font></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><b><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>UNITED STATES</font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><b><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>SECURITIES AND EXCHANGE COMMISSION</font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><b><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>Washington, D.C. 20549</font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><b><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>FORM 8-K</font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><b><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>CURRENT REPORT</font></b></p><font style="FONT-SIZE:10pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><br><font style=FONT-SIZE:11pt>Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934</font></font></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:10pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US><font style=FONT-SIZE:11pt><font style=FONT-SIZE:11pt><font style=FONT-SIZE:10pt><font style=FONT-SIZE:11pt><font style=FONT-SIZE:11pt><font style=FONT-SIZE:11pt>Date of Report (Date of earliest event reported):&nbsp; <u>December 30, 2013</u></font></font></font></font></font></font></font></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><b><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>SANBORN RESOURCES LTD. </font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>(Exact name of Registrant as specified in its charter)</font></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <div align=center> <table bordercolor=transparent style="BORDER-TOP:0px; BORDER-RIGHT:0px; BORDER-COLLAPSE:collapse; BORDER-BOTTOM:0px; BORDER-LEFT:0px" cellpadding=0 cellspacing=0 align=center> <tr> <td width=229 style="BORDER-TOP:0px; BORDER-RIGHT:0px; WIDTH:171.9pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>Delaware</font></p></td> <td width=18 style="BORDER-TOP:0px; BORDER-RIGHT:0px; WIDTH:13.5pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p></td> <td width=162 style="BORDER-TOP:0px; BORDER-RIGHT:0px; WIDTH:121.5pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>333-177209</font></p></td> <td width=18 style="BORDER-TOP:0px; BORDER-RIGHT:0px; WIDTH:13.5pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p></td> <td width=211 style="BORDER-TOP:0px; BORDER-RIGHT:0px; WIDTH:158.4pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>45-2400399</font></p></td></tr> <tr style=HEIGHT:31.45pt> <td width=229 style="BORDER-TOP:0px; HEIGHT:31.45pt; BORDER-RIGHT:0px; WIDTH:171.9pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>(State or other jurisdiction of incorporation)</font></p></td> <td width=18 style="BORDER-TOP:0px; HEIGHT:31.45pt; BORDER-RIGHT:0px; WIDTH:13.5pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p></td> <td width=162 style="BORDER-TOP:0px; HEIGHT:31.45pt; BORDER-RIGHT:0px; WIDTH:121.5pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>(Commission File Number)</font></p></td> <td width=18 style="BORDER-TOP:0px; HEIGHT:31.45pt; BORDER-RIGHT:0px; WIDTH:13.5pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p></td> <td width=211 style="BORDER-TOP:0px; HEIGHT:31.45pt; BORDER-RIGHT:0px; WIDTH:158.4pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:0px; PADDING-RIGHT:5.4pt" valign=top> <p class=MsoNormal style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>(IRS Employer Identification No.)</font></p></td></tr></table></div> <div align=center>&nbsp;</div> <div align=center> <table class=MsoTableGrid bordercolor=transparent style="BORDER-TOP:medium none; BORDER-RIGHT:medium none; BORDER-COLLAPSE:collapse; BORDER-BOTTOM:medium none; MARGIN:auto auto auto -13.5pt; BORDER-LEFT:medium none" cellpadding=0 cellspacing=0> <tr> <td width=473 style="BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; WIDTH:354.4pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:#f0f0f0; PADDING-RIGHT:5.4pt; BACKGROUND-COLOR:transparent" valign=top> <p class=MsoNormal style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>777 South Flagler Drive</font></p> <p class=MsoNormal style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>Suite 800 - West Tower</font></p> <p class=MsoNormal style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>West Palm Beach, FL 33401</font></p></td></tr> <tr> <td width=473 style="BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; WIDTH:354.4pt; BORDER-BOTTOM:#f0f0f0; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:#f0f0f0; PADDING-RIGHT:5.4pt; BACKGROUND-COLOR:transparent" valign=top> <p class=MsoNormal style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>(Address of principal executive offices, including zip code)</font></p></td></tr> <tr> <td width=473 style="BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; WIDTH:354.4pt; BORDER-BOTTOM:#f0f0f0; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:#f0f0f0; PADDING-RIGHT:5.4pt; BACKGROUND-COLOR:transparent" valign=top> <p class=MsoNormal style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p></td></tr> <tr> <td width=473 style="BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; WIDTH:354.4pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:#f0f0f0; PADDING-RIGHT:5.4pt; BACKGROUND-COLOR:transparent" valign=top> <p class=MsoNormal style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>(561) 515-6161</font></p></td></tr> <tr> <td width=473 style="BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; WIDTH:354.4pt; BORDER-BOTTOM:#f0f0f0; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:5.4pt; BORDER-LEFT:#f0f0f0; PADDING-RIGHT:5.4pt; BACKGROUND-COLOR:transparent" valign=top> <p class=MsoNormal style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>(Registrant's telephone number, including area code)</font></p></td></tr></table></div><br><br> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:</font></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>[ ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).</font></p> <p align=center><font style=FONT-SIZE:11pt><br></font></p> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid"><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></td></tr></table><font style=FONT-SIZE:11pt>&nbsp; </font><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US> <p class=MsoNormal style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US><strong>Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </strong></font></p> <p style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>Effective December 30, 2013, Sanborn Resources Ltd., a Delaware corporation (the &#147;<u>Corporation</u>&#148;) entered into a Stock Purchase Agreement, as attached hereto and incorporated by reference herein as <u>Exhibit 10.1</u>, (the &#147;Agreement&#148;), in which the Corporation, in exchange for the consideration as detailed below, transferred all of its shareholdings of its wholly owned subsidiary Inti Holdings Limited, a corporation formed under the laws of the Cayman Islands (&#147;<u>Inti</u>&#148;) to Tuscan Capital, Ltd., a corporation formed under the laws of the Cayman Islands (&#147;<u>Tuscan</u>&#148;). </font></p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>Pursuant to the Agreement, as partial consideration for the Corporation&#146;s transfer of all of the issued and outstanding shares of common stock of Inti, Tuscan consented to the assignment and assumption of all obligations and amounts due pursuant to three promissory notes in which the Corporation borrowed a total of $150,000 USD.&nbsp; All of the note holders have signed consents to such assignments to Tuscan, and therefore, the Corporation is no longer indebted for such amounts due thereunder.&nbsp; Additionally, as consideration of the transfer of all of the issued and outstanding shares of common stock of Inti to Tuscan, Tuscan has released and cancelled three promissory notes in which Tuscan had loaned the Corporation a total of $915,000 USD.</font></p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>As reported with the Securities and Exchange Commission in a Current Report on Form 8-K on April 23, 2013, Inti, a wholly owned subsidiary of the Corporation, through a Share Purchase Agreement, purchased 100% of the outstanding capital stock of&nbsp;Rae Wallace Peru S.A.C., a corporation formed under the laws of Peru (&#147;<u>Rae Wallace</u>&#148;).&nbsp; Rae Wallace is the owner of certain properties and mineral rights located in Peru.&nbsp; Certain of these properties are subject to third party royalty payments from the sale or disposition of all minerals produced by such covered properties.</font></p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>The above description of the terms of the Agreement do not purport to be complete and are qualified in their entirety by the Agreement, a copy of which is attached as <u>Exhibit 10.1</u> to this Form 8-K.&nbsp; &nbsp;&nbsp;</font></p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US><strong>Item 2.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Completion of Acquisition or Disposition of Assets</strong></font></p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>As of December 30, 2013, pursuant to the terms and conditions of the Agreement, the Corporation transferred all right, title and interest in its shareholdings of its wholly owned subsidiary Inti to Tuscan. &nbsp;The information disclosed under Item 1.01 of this Current Report on this Form 8-K, is incorporated by reference into this Item 2.01. </font></p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US><strong>Item 3.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unregistered Sales of Equity Securities</strong></font></p> <p class=MsoNormal style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p class=MsoNormal style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>On December 31, 2013, the Corporation converted $50,093 USD of outstanding debt owed to a debt holder into 1,252,325 shares of restricted common stock of the Corporation.&nbsp; The issuance of the common stock was made to a non-US Person in an offshore transaction, in reliance upon the exemption afforded by the provisions of Regulation S of the Securities Act of 1933, as amended. </font></p> <p class=MsoNormal style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US><strong>Item 5.07&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Submission of Matters to a Vote of Security Holders</strong></font></p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt" align=justify><font style=FONT-SIZE:10pt><font style=FONT-SIZE:11pt><font style=FONT-SIZE:11pt><font style=FONT-SIZE:10pt><font style=FONT-SIZE:11pt><font style=FONT-SIZE:11pt><font style=FONT-SIZE:11pt><font lang=EN-US>Pursuant to Title 8, Section 213 of the <i>Delaware Code</i>,</font><font lang=EN-US>and the Corporation&#146;s bylaws,</font><font lang=EN-US>in order to determine the shareholders entitled to exercise any rights in respect to a lawful action of the Corporation, the board of directors of the Corporation may fix, in advance, a &#147;<u>Record Date</u>&#148;, which shall not be more than 60 days or less than 10 days prior to such action.&nbsp; The board of directors of the Corporation set December 16, 2013 as the Record Date for the shareholders of the Corporation entitled to give written consent to the Agreement without a meeting.</font></font></font></font></font></font></font></font></p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt" align=justify>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt" align=justify><font style=FONT-SIZE:11pt lang=EN-US>On December 16, 2013, in accordance with Title 8, Section 228 of the <i>Delaware Code</i>, and the Corporation&#146;s bylaws, the shareholders of the Corporation holding 55% of the voting power, without the formality of convening a meeting, consented to, adopted and approved the Agreement, and all transactions in furtherance of the Agreement, via majority written consent.</font></p> <p class=MsoNormal style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US></font>&nbsp;</p> <p class=MsoNormal style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US><strong>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits</strong></font></p> <p class=MsoNormal style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=justify>&nbsp;</p> <p style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal"><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>(d) <u>Exhibits</u></font></p> <p style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal">&nbsp;</p> <p style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal"><font style="FONT-SIZE:10pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'; LINE-HEIGHT:115%" lang=EN-US>Exhibit 10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Stock Purchase Agreement, dated December 30, 2013</font></font></p> <p class=MsoNormal style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal"></font><a name=page_2></p> <p style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal">&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center><b><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>SIGNATURE</font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=center>&nbsp;</p> <p style="MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=left><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>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, thereunto duly authorized.</font></p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=left>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=left>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal" align=left>&nbsp;</p> <p> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td> <p style="TEXT-ALIGN:justify; MARGIN:0cm 0cm 0pt; LINE-HEIGHT:normal"><font style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman','serif'" lang=EN-US>Dated: January 13, 2014</font></p></td> <td> <p align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:</font></p></td> <td> <p align=left><em><u><font style=FONT-SIZE:11pt>/s/ Kristian Andresen</font></u></em></p></td></tr> <tr> <td> <td> <td> <p align=left><font style=FONT-SIZE:11pt>Kristian Andresen</font></p></td></tr> <tr> <td> <td> <td> <p align=left><font style=FONT-SIZE:11pt>Chief Executive Officer</font></p></td></tr></table></p> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid"><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></td></tr></table> <p style=MARGIN:5px align=center>&nbsp;</p></a></body>
<!-- EDGAR Validation Code: 3121463E -->
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "sbr0110148k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 23918}]
{"company-data": {"conformed-name": "Sanborn Resources, Ltd.", "cik": "0001530874", "assigned-sic": "5990", "irs-number": "452400399", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-177209", "film-number": "14524448"}, "business-address": {"street1": "5/10 DISKIN ST", "city": "JERUSALEM", "state": "L3", "zip": "96440", "phone": "855 334 3331"}, "mail-address": {"street1": "5/10 DISKIN ST", "city": "JERUSALEM", "state": "L3", "zip": "96440"}, "former-company": {"former-conformed-name": "UNIVERSAL TECH CORP", "date-changed": "20110921"}}
Filed by Ched Corporate Solutions - www.chedcorp.com - 1-888-567-CHED (2433) - Sanborn Resources Ltd. - Form 8-K
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 and Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 30, 2013
SANBORN RESOURCES LTD.
(Exact name of Registrant as specified in its charter)
Delaware
333-177209
45-2400399
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
777 South Flagler Drive
Suite 800 - West Tower
West Palm Beach, FL 33401
(Address of principal executive offices, including zip code)
(561) 515-6161
(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 obligations of the registrant under any of the following provisions:
[ ] Written communication 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
Effective December 30, 2013, Sanborn Resources Ltd., a Delaware corporation (the "
Corporation
") entered into a Stock Purchase Agreement, as attached hereto and incorporated by reference herein as
Exhibit 10.1
, (the "Agreement"), in which the Corporation, in exchange for the consideration as detailed below, transferred all of its shareholdings of its wholly owned subsidiary Inti Holdings Limited, a corporation formed under the laws of the Cayman Islands ("
Inti
") to Tuscan Capital, Ltd., a corporation formed under the laws of the Cayman Islands ("
Tuscan
").
Pursuant to the Agreement, as partial consideration for the Corporation's transfer of all of the issued and outstanding shares of common stock of Inti, Tuscan consented to the assignment and assumption of all obligations and amounts due pursuant to three promissory notes in which the Corporation borrowed a total of $150,000 USD.  All of the note holders have signed consents to such assignments to Tuscan, and therefore, the Corporation is no longer indebted for such amounts due thereunder.  Additionally, as consideration of the transfer of all of the issued and outstanding shares of common stock of Inti to Tuscan, Tuscan has released and cancelled three promissory notes in which Tuscan had loaned the Corporation a total of $915,000 USD.
As reported with the Securities and Exchange Commission in a Current Report on Form 8-K on April 23, 2013, Inti, a wholly owned subsidiary of the Corporation, through a Share Purchase Agreement, purchased 100% of the outstanding capital stock of Rae Wallace Peru S.A.C., a corporation formed under the laws of Peru ("
Rae Wallace
").  Rae Wallace is the owner of certain properties and mineral rights located in Peru.  Certain of these properties are subject to third party royalty payments from the sale or disposition of all minerals produced by such covered properties.
The above description of the terms of the Agreement do not purport to be complete and are qualified in their entirety by the Agreement, a copy of which is attached as
Exhibit 10.1
to this Form 8-K.
Item 2.01              Completion of Acquisition or Disposition of Assets
As of December 30, 2013, pursuant to the terms and conditions of the Agreement, the Corporation transferred all right, title and interest in its shareholdings of its wholly owned subsidiary Inti to Tuscan.  The information disclosed under Item 1.01 of this Current Report on this Form 8-K, is incorporated by reference into this Item 2.01.
Item 3.02              Unregistered Sales of Equity Securities
On December 31, 2013, the Corporation converted $50,093 USD of outstanding debt owed to a debt holder into 1,252,325 shares of restricted common stock of the Corporation.  The issuance of the common stock was made to a non-US Person in an offshore transaction, in reliance upon the exemption afforded by the provisions of Regulation S of the Securities Act of 1933, as amended.
Item 5.07              Submission of Matters to a Vote of Security Holders
Pursuant to Title 8, Section 213 of the
Delaware Code
,
and the Corporation's bylaws,
in order to determine the shareholders entitled to exercise any rights in respect to a lawful action of the Corporation, the board of directors of the Corporation may fix, in advance, a "
Record Date
", which shall not be more than 60 days or less than 10 days prior to such action.  The board of directors of the Corporation set December 16, 2013 as the Record Date for the shareholders of the Corporation entitled to give written consent to the Agreement without a meeting.
On December 16, 2013, in accordance with Title 8, Section 228 of the
Delaware Code
, and the Corporation's bylaws, the shareholders of the Corporation holding 55% of the voting power, without the formality of convening a meeting, consented to, adopted and approved the Agreement, and all transactions in furtherance of the Agreement, via majority written consent.
Item 9.01              Financial Statements and Exhibits
(d)
Exhibits
Exhibit 10.1          Stock Purchase Agreement, dated December 30, 2013
SIGNATURE
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, thereunto duly authorized.
Dated: January 13, 2014
By:
/s/ Kristian Andresen
Kristian Andresen
Chief Executive Officer