Date of Report (Date of earliest event reported):
June 20, 2012
|
NEW AMERICA ENERGY CORP.
|
Exact name of registrant as specified in its charter
|
Nevada
|
000-54243
|
N/A
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
3651 Lindell Rd., Ste D#138, Las Vegas, NV
|
89103
|
(Address of principal executive offices)
|
(Zip Code)
|
(800) 508-6149
|
Registrant’s telephone number, including area code
|
n/a
|
(Former name or former address, if changed since last report)
|
·
|
$75,000 on May 31, 2011 (paid);
|
·
|
$25,000 on June 22, 2012 (paid);
|
$25,000 on March 4, 2013;
|
·
|
$150,000 on May 31, 2013;
|
·
|
$100,000 on May 31, 2014;
|
·
|
2,750,000 shares to be issued as follows:
|
(1) 500,000 shares of our common stock on execution of the Original Agreement (previously issued);
|
|
|
(2) 250,000 shares of our common stock on execution of the Amended Agreement (previously issued);
|
(3) 750,000 shares of our common stock on or before June 22, 2012;
|
|
|
(4) 500,000 shares of our common stock on or before the date two years from the date of the Original Agreement; and
|
(5) 500,000 shares of our common stock on or before the date three years from the date of the Original Agreement; and
|
|
A 3.0% net value royalty on production of Lithium and other minerals from the Property measured by 3% of the gross proceeds less costs associated with production from the Property.
|
|
The Company has the right to purchase up to 2% of the Net Value Royalty for $1,000,000 for each 1%.
|
10.1
|
Amended Purchase Agreement dated June 20, 2012 between New America Energy Corp. and GeoXplor Corp.
|
Filed herewith
|
New America Energy Corp.
|
||
Dated:
June 20, 2012
|
By:
|
/s/ Rick Walchuk
|
Name:
|
Rick Walchuk
|
|
`
|
Title:
|
Chief Executive Officer, President, Chief Financial Officer, Treasurer and Director
|