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
Date
of Report (Date of earliest event reported) March
6, 2007
Metalline
Mining Company
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(Exact
name of registrant as specified in its
charter)
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Nevada
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0-27667
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91-1766677
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1330
E. Margaret Avenue, Coeur d'Alene, Idaho
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83815
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (208)
665-2002
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 (see General Instruction A.2. below):
o |
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
1.01 Entry in to a Material Definitive Agreement.
See
description under Item 3.02, below.
Item
3.02 Unregistered Sales of Equity Securities.
On
March 6, 2007, Metalline Mining Company (the “Company”)
completed a private offering (the “Offering”)
of 2,413,571 shares of the Company’s common stock, $0.01 par value per share,
and warrants to purchase 1,206,785 shares of common stock, exercisable at $2.42
per share and expiring on March 6, 2011, (collectively, the “Purchased
Securities”).
The Purchased Securities were purchased at a price of $4.70 per Unit, which
consists of two shares of common stock and one warrant, for an aggregate gross
proceeds of $5,671,892.60 pursuant to the Common Stock and Warrant Purchase
Agreement with the purchasers. There were no commissions paid in connection
with
the Offering. The Purchased Securities were sold to accredited investors
pursuant to Section 4(2) and Regulation D under the Securities Act of
1933.
SIGNATURES
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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Metalline
Mining Company
(Registrant)
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Date:
March 9, 2007
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By: |
/s/ Merlin
Bingham |
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Name:
Merlin Bingham
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Title:
President
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