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 EXCHANGE ACT OF 1934

 

April 26, 2010

Date of Report (Date of earliest event reported)

 

 Commission File Number: 333-152242

 

Element92 Resources Corp.

(Exact name of registrant as specified in its charter)

 

 Wyoming, United States

(State or other jurisdiction of incorporation or organization)

 

20-8531222

(I.R.S. Employer ID Number)

 

2510 Warren Avenue, Cheyenne, Wyoming 82001

(Address of principal executive offices) (Zip code)

 

(518) 633-4777

(Issuer's telephone number) 

 

N/A

(Former Name, Former Address and Former Fiscal Year if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[   ]  Written communications 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         Entry into a Material Definitive Agreement

On April 26, 2010, Element92 Resources Corp. announced that it has executed a sales & purchase agreement to acquire a majority interest in Legarleon Precious Metals, Ltd. (LPM). Legarleon is a Hong Kong company that owns a seat on The Chinese Gold & Silver Society Exchange based in Hong Kong..

 

Element92 Resources Corp will pay 2 million restricted shares for a 51% stake in Legarleon. The closing is scheduled for June 30, 2010 and is subject to due diligence and approval by The Chinese Gold & Silver Society Exchange's Board.

 

The Chinese Gold & Silver Society Exchange provides local and international investors with a gold market in which they can exploit gold as a vehicle of investment, speculation, hedging and arbitrage.

 

The closing, when it takes place, will be reported, by the Company, upon completion.

 

Item 9.01         Exhibits

 

Exhibit Number    Description

 

10.11                Sale and Purchase Agreement between Element92 Resources Corp. and Legarleon Precious Metals, Ltd., for 51%% interest in Legarleon, dated April 26, 2010

 

 

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 hereunto duly authorized.

 

Dated: April 28, 2010

 

ELEMENT92 RESOURCES CORP.

 

 

   /s/ Daniel S. Mckinney         

Daniel S. Mckinney

President, Chief Executive Officer, Director