Date
of Report (Date of earliest event reported)
|
November
1, 2008
|
ATLAS
MINING COMPANY
|
||||
(Exact
name of registrant as specified in its charter)
|
||||
Idaho
|
000-31380
|
82-0096527
|
||
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer Identification No.)
|
||
1221
Yellowstone, Osburn, Idaho
|
83849
|
|||
(Address
of principal executive offices)
|
(Zip
Code)
|
|||
(208)
556-1181
|
||||
Issuer's
telephone number, including area code
|
N/A
|
(Former
name or former address, if changed since last
report.)
|
[
]
|
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
3.02
|
Unregistered
Sales of Equity Securities
|
On
November 1, 2008 Morris D. Weiss was granted options to purchase 550,000
shares of Common Stock at $.70 per share. The options will vest
as follows: (i) 41,667 shares will vest on the date of grant, (ii) 41,667
shares will vest on the first 3 monthly anniversaries of the date of
grant, (iii) 41,666 shares will vest on the next 2 monthly anniversaries
of the date of grant and (iv) the remaining 300,000 shares will vest on
the sixth month anniversary of the date of grant. The issuance
of the options and shares to Mr. Weiss is made in reliance upon the
exemption found in Section 4(2) of the Securities Act of
1933.
|
Item
7.01
|
Regulation
FD Disclosure
|
On
November 18, 2008 the Company issued a press release (the “Press
Release”), a copy of which is attached hereto as Exhibit 99.1 and the
contents of which are incorporated herein by this reference.
In
accordance with General Instruction B.2 of Form 8-K, the information
contained in the Press Release shall not be deemed “Filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of
1933, as amended, except as shall be expressly set forth by specific
reference in such a filing. The report will not be deemed a determination
or an admission as to the materiality of any information in the report
that is required to be disclosed solely by Regulation
FD.
|
Item
9.01
|
Financial
Statements and Exhibits
|
(d)
|
Exhibits
|
99.1
|
Please
refer to the Press Release of Atlas Mining Company, originally filed and
dated November 18,
2008.
|
ATLAS
MINING COMPANY
|
|||
(Registrant)
|
|||
Date:
|
November
21, 2008
|
/s/
|
MICHAEL
LYON
|
By: Michael
Lyon
|
|||
Chief
Executive Officer and President
|