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Jul 30, 2013 03:24PM
(Edit this Message from the "Fast Facts" Section)
Section 8 – Other Events
Item 8.01 Other Events.
In June 2013, Silver Falcon Mining, Inc. (the “Registrant”) was notified that a Default Judgment and Decree of Foreclosure (the “Judgment”) had been entered by the District Court for the Third Judicial District of the State of Idaho for the County of Owyhee in the action styled Earll Excavation, Inc. v. Silver Falcon Mining, Inc. and Joyce Livestock Company Limited Partnership, Case No. CV 12-2595 (the “Earll Action”). The Judgment granted a judgment against the Registrant in favor of the plaintiff in the amount of $567,743.56, plus post-judgment interest at the rate of 5.25% per annum. The Judgment also held that the plaintiff had a first lien the Registrant’s Diamond Creek Mill site in Owyhee County, Idaho to secure an indebtedness of $289,648.30, plus post-judgment interest. The Judgment further ordered that a sheriff’s sale be held of such property. Finally, the Judgment dismissed the Registrant’s counterclaims against the plaintiff and William Earll with prejudice. The Registrant retained new counsel who filed a motion to vacate the Judgment. On July 17, 2013, the court in the Earll Action revoked and set aside the Judgment. As a result, the Registrant plans to continue vigorously defending the Earll Action as well as the Registrant’s claims against the Earll Excavation, Inc. and William Earll.
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SILVER FALCON MINING, INC. |
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Date: July 30, 2013 |
/s/ Pierre Quilliam |