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 EARLIEST EVENT REPORTED – OCTOBER 27, 2010
ARDENT MINES
LIMITED
(Exact
name of Registrant as specified in its charter)
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NEVADA
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000-50994
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88-0471870
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(State
or other jurisdiction of
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(Commission
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(IRS
Employer
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incorporation)
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File
Number)
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Identification
Number)
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100
Wall Street, 21st
Floor
New York, NY
10005
(Address
of principal executive offices)
561-989-3200
(Registrant's
telephone number, including area code)
N/A
(Former
name or former address, 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:
o Written communications pursuant to
Rule 425 under the Securities Act
o Soliciting material pursuant to
Rule 14a-12 under the Exchange Act
o Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act
o Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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Appointment
of Gabriel Margent to the Board of Directors of Ardent Mines
Limited
Mr.
Gabriel Margent has been appointed as a member of the Board of Directors of
Ardent Mines Limited (the “Company”), to commence his services as of November 1,
2010.
From
1987-2008, Mr. Margent was employed by Merrill Lynch & Co., Inc. where he
served in a broad range of executive positions, including Vice President of
Finance in the Office of General Counsel, Vice President of Finance in Global
Human Resources, and Vice President of Finance in Investment
Banking. Mr. Margent is presently the Chief Financial Officer of
Appitalism, Inc., a position he has held since April, 2010. Prior to
this position, he served from 2008-2010 as a Consultant.
The
Company and Mr. Margent have agreed that his compensation shall initially be
five thousand U.S. Dollars ($5,000) per month. Two thousand five
hundred U.S. Dollars ($2,500) of this amount shall be payable incrementally on a
monthly basis and pro-rated for any partial month of service, less any
applicable statutory and regulatory deductions, which shall be payable in
accordance with the Company’s regular payroll practices, as the same may be
modified from time to time. The remainder of this compensation shall
accrue until such time as the Company shall have received capital investments in
the amount of ten million U.S. Dollars ($10,000,000), at which time all accrued
and unpaid amounts shall be due and payable. The Company and Mr.
Margent have agreed that an option grant from the Company to Mr. Margent shall
be set at a future date.
Mr.
Margent will serve on Audit Committee of the Company’s Board of Directors and
serve as the Audit Committee’s financial expert. The Company’s Board
of Directors has determined that Mr. Margent is an independent
director. The Company has adopted the standards for director
independence contained in the Nasdaq Marketplaces
Rule5605(a)(2).
#
# #
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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ARDENT
MINES LIMITED
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By:
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/s/ Leonardo Alberto
Riera
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Name:
Leonardo Alberto Riera
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Title:
President
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Date:
October 27, 2010
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