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) June
4, 2007
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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)
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
5.02 - Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
June 4, 2007, the Company’s Board of Directors appointed Robert J. Devers as
Chief Financial Officer of Metalline Mining Company effective June 18, 2007.
Metalline issued to him options to purchase 250,000 shares of Metalline common
stock (to be exercisable at the closing sales price on June 18, 2007 for a
five
year period and subject to a vesting period over 2-1/2 years). The Board also
approved a base salary of $12,500 per month for the first three months of Mr.
Devers’ employment based on a full time commitment, and $8,500 per month
thereafter based on a part time commitment. The Company has an option to retain
Mr. Devers on a full-time basis after the first three months, and if the option
is exercised, Mr. Devers will continue to receive a base salary of $12,500
per
month. There are no family relationships between Mr. Devers and any other
officer or director of Metalline. During the last two years, neither Mr. Devers
nor any associate or affiliate of Mr. Devers has or had a direct or indirect
material interest in any Company transactions.
Mr.
Devers was previously Senior Director - Financial Analysis and Internal Audit
of
The Broe Companies Inc. since March 2004. From June 2001 to December 2003,
Mr.
Devers was Vice President Finance of NAREX Inc. and from September 2000 to
June
2001, Mr. Devers was Controller. From May 1994 to March 2000, Mr. Devers
was Corporate Controller of Wireless Broadcasting Systems of America Inc. He
has
also served as a corporate officer and financial executive for other
privately-held and publicly traded companies. Mr. Devers received his
Bachelors degree in Accounting from Western State College in Gunnison, Colorado
and is a Certified Public Accountant.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
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99.1
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Press
Release date June 11, 2007.
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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.
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Metalline
Mining Company
(Registrant)
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Date:
June 8, 2007
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By: |
/s/ Merlin
Bingham |
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Name:
Merlin Bingham
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