UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
Amendment No. 1
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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EXPLANATORY NOTE
The purpose of this Amendment No. 1 (the “Amendment”) on Form 8-K/A to Star Alliance International Corp.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 27, 2021 (the “Form 8-K”) is to correct certain disclosures in the Form 8-K as set forth herein.
No other changes have been made to the Form 8-K except as asset forth below. This Amendment speaks as of the original filing date of the Form 8-K, as amended, does not reflect events that may have occurred subsequent to the original filing date and does not modify or update in any way disclosures made in the Form 8-K, except as otherwise set forth below.
Item 1.01 Entry into a Material Definitive Agreement
On December 15, 2021, the Company signed a definitive agreement to purchase 51% of Compania Minera Metalurgica Centro Americana SA. (“Commsa”). For $1,000,000 in cash and 5,000,000 in restricted shares of common stock. In addition, the Company has agreed to provide up to $7,500,000 working capital to expand the mining operations in a gold mining project (Rio Jalan Project) in Olancho state in the highlands of Central Honduras. This transaction has become effective as of January 1, 2022.
The information provided in the 8-K dated December 27, 2021 regarding the mines was incorrect. The five mines acquired are not producing gold currently but are being prepared for production. It is expected that the mines will start producing gold in the latter part of the first quarter 2022.
The Company will be expanding the operations and will use our new Genesis system to significantly increase the recovery rate of the gold.
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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.
Star Alliance International Corp.
/s/ Richard Carey
Richard Carey
Chairman
Date: January 25, 2022
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