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| COYR > SEC Filings for COYR > Form 8-K on 3-Aug-2012 | All Recent SEC Filings |
3-Aug-2012
Creation of a Direct Financial Obligation or an Obligation under an Off-Ba
On August 2, 2012, Coyote Resources, Inc., a Nevada corporation (the "Registrant") issued an unsecured promissory note to an investor in the amount of $86,709.50 ("Note"). The Note is due on November 2, 2012, or upon default, whichever is earlier, and bears interest at the annual rate of 12%. This brief description of the Note is only a summary of the material terms and is qualified in its entirety by reference to the full text of the Note as attached in Exhibit 10.1 to this report.
The Note was issued in a transaction which the Registrant believes satisfies the requirements of that exemption from the registration and prospectus delivery requirements of the Securities Act of 1933, which exemption is specified by the provisions of Regulation S promulgated pursuant to that act by the Securities and Exchange Commission.
Item 9.01 Exhibits.
The following exhibits are filed with this Current Report on Form 8-K.
Exhibit Number Description of Exhibit
10.1 Form of Promissory Note
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