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 18, 2008 (March 17, 2008)
THORIUM
POWER, LTD.
(Exact
name of small business issuer as specified in its charter)
|
Nevada
|
|
000-28535
|
|
91-1975651
|
|
(State
or other jurisdiction of
|
|
(Commission
|
|
(I.R.S.
Employer
|
|
|
|
File
Number)
|
|
Identification
No.)
|
8300
Greensboro Drive, Suite 800, McLean, VA 22102
(Address
of Principal Executive Offices)
800-685-8082
(Registrant’s
Telephone Number, Including Area Code)
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)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
8.01. Other
Events.
Effective
on March 17, 2008, Thorium Power, Ltd. (the “Company”) entered into a follow-on
agreement to a November 30, 2007 agreement with a foreign government-owned
entity to provide consulting and strategic advisory services (the “Follow-on
Agreement”), whereby the Company will manage high-priority planning activities
in the country’s feasibility evaluation of a future nuclear energy program.
Pursuant
to the Follow-on Agreement, the Company will receive $4.285 million for
professional fees, payable by March 31, 2008, and up to 20% of that amount
for
expenses related to the provision of the consulting and strategic advisory
services. The term of the Follow-on Agreement runs until June 22,
2008.
The
scope
of the services under the agreement have been defined in consultation with
appropriate authorities in the US government in compliance with all applicable
U.S. export controls. The Company intends to communicate additional details
about the client relationship once certain governmental steps are completed
in
both countries relating to potential additional work.
ITEM
9.01 - FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
| Exhibit No. |
|
Description |
|
99.1
|
|
Press
Release dated March 18, 2008.
|
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.
THORIUM
POWER, LTD.
Date:
March 18, 2008
| |
|
|
|
|
| By: |
/s/
Seth
Grae |
|
|
|
| |
Seth
Grae |
|
|
|
| |
President and Chief Executive
Officer |
|
|
|
EXHIBIT
INDEX
|
99.1
|
Press
Release dated March 18, 2008.
|