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
May 20, 2008
Date of Report (Date of earliest
event reported)
DORAL ENERGY CORP.
(Exact
name of registrant as specified in its charter)
| NEVADA | 000-52738 | 98-0555508 |
| (State or other jurisdiction of | (Commission File | (IRS Employer Identification No.) |
| incorporation) | Number) | |
| 111 N. Sepulveda Blvd., Suite 250 | ||
| Manhattan Beach, CA | 90266 | |
| (Address of principal executive offices) | (Zip Code) | |
(310) 937-1511
Registrant's telephone number,
including area code
Not Applicable
(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:
____ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
____ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
____ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
____ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On May 20, 2008, Doral Energy Corp. (the “Company”) has entered into a loan agreement, dated as of May 23 2008, (the “Loan Agreement”) with Green Shoe Investments Ltd. (“Green Shoe”) for $150,000 (the “Principal Sum”). Under the terms of the Loan Agreement, the Company has agreed to pay interest to Green Shoe at a rate of 5% per annum, and to repay the loan on or before July 1, 2010.
A copy of the Loan Agreement has been attached as an exhibit to this Current Report on Form 8-K.
This brings the total advance of funds from Green Shoe to $250,000. The loan from Green Shoe is to fund the Company’s operations and for working capital purposes.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
| Exhibit Number | Description of Exhibit |
| 10.1 |
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.
| DORAL ENERGY CORP. | ||
| Date: May 20, 2008 | ||
| By: | /s/ Paul C. Kirkitelos | |
| PAUL C. KIRKITELOS | ||
| Chief Executive Officer, Chief Financial | ||
| Officer, President, Secretary and Treasurer | ||
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