Unassociated Document
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
Date
of Report (date of earliest event reported) June 11, 2007
BLACKSANDS
PETROLEUM, INC.
(Exact
name of Registrant as specified in its charter)
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Nevada
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000-51427
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20-1740044
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(State
or other jurisdiction of
incorporation or organization)
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(Commission
File number)
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(IRS
Employer Identification
No.)
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Suite
1250, 645 7th
Avenue SW, Calgary, Alberta Canada T2P 4G8
(Address
of principal executive offices) (Zip Code)
(403)
870-2220
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name, Address and 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 for the registrant under any of the following
provisions (see
General
Instruction A.2. below):
□ 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
8.01 Other
Events
As
previously reported, on May 17, 2007, we placed Cdn$250,000 (approximately
US$227,279) in an escrow between us and Access Energy, Inc. (“Access”) together
with a Loan Agreement (“Loan Agreement”) and Note from Access in our favor. On
June 11, 2007, we released Cdn$100,000 (approximately US$91,313) from escrow
and
loaned it to Access pursuant to the Loan Agreement. Such monies bear interest
at
9% and must be repaid by August 7, 2007.
Also
as
previously reported, on November 10, 2006, we entered into an Exclusivity
Agreement with Access pursuant to which it agreed that it would refrain from
soliciting or encouraging the submissions of proposals or offers from any person
other than us relating to the purchase of equity or all or a significant portion
of its assets. If we engage in such a transaction with Access, monies borrowed
under the Loan Agreement will be deemed to have been repaid in full. The period
of exclusivity has been extended until August 7, 2007.
SIGNATURE
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.
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BLACKSANDS
PETROLEUM, INC. |
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| Dated: June
15, 2007 |
By: |
/s/ Darren
R.
Stevenson |
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Name: Darren
R. Stevenson
Title: President
and Chief Executive Officer
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