CIBOLAN GOLD CORPORATION (OTCMKTS:CIBG) Files An 8-K Termination of a Material Definitive Agreement

ME Staff 8-k
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CIBOLAN GOLD CORPORATION (OTCMKTS:CIBG) Files An 8-K Termination of a Material Definitive Agreement

Item 1.02 Termination of Material Definitive Agreement

On January 16, 2016, the Mining Lease by and Independence
Gold-Silver Mines Inc. and General Gold Corporation a wholly
owned subsidiary of Cibolan Gold Corporation dated July 13, 2005
was terminated as a result of nonpayment of advance minimum
royalty payments required under the agreement.
Item 5.02 Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers.
(b)
Bryson Goodwin resigned as a member of the Board of Directors
effective October 1, 2015.
Shane K. Dyer resigned as a member of the Board of Directors
effective February 15, 2016.
Walter A. Marting, Jr. resigned as a member of the Board of
Directors effective June 7, 2016.
Larry Max Bigler resigned as a member of the Board of Directors
effective July 22, 2016.
A copy of the press release announcing the settlement and the
above resignations has been filed as Exhibit 99.1 to this report
and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1
Press release dated January 20, 2017.


About CIBOLAN GOLD CORPORATION (OTCMKTS:CIBG)

Cibolan Gold Corporation is a junior silver and gold mine company. The Company is engaged in the evaluation, acquisition and exploration of Nevada silver and gold mines. The Company owns approximately 100% interest in the Independence Project. The Independence Project is situated in northern Nevada, the Battle Mountain Mining District. The Company’s Independence Project covers an area of approximately 240 acres. The project has a production of over four million ounce (oz.) of gold and approximately 20 million oz. of silver. The property features two main zones of gold and silver mineralization, which include a shallow near surface epithermal system and a deeper underground target.

CIBOLAN GOLD CORPORATION (OTCMKTS:CIBG) Recent Trading Information

CIBOLAN GOLD CORPORATION (OTCMKTS:CIBG) closed its last trading session 00.0000 at 0.0218 with 1,528 shares trading hands.