8-K

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):        October 5, 2015

Canyon Gold Corp.

(Exact name of registrant as specified in its charter)

Delaware	000-54851	Not Applicable
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer  Identification No.)

4730 South Fort Apache Road, Suite 300, Las Vegas, Nevada 89147

(Address of principal executive offices)

Registrant's telephone number, including area code: (888) 788-0986

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))

FORM 8-K

When used in this Current Report on Form 8-K, the terms “company”, “Canyon Gold,”  “we,” “us,” “our” and similar terminology reference to Canyon Gold Corp.

Section 1 – Registrant’s Business and Operations

Item  1.01   Entry into a Material Definitive Agreement.

On October 5, 2015, Canyon Gold Corp. entered into an agreement to acquire 100% of Defense Technology Corporation, a privately held Colorado company with principal offices in New Port Richey, Florida (“DTC”). DTC is the developer of defense, detection and protection products to improve security for military personnel and schools and other public facilities. Following completion of the acquisition, DTC will become a wholly owned subsidiary of Canyon Gold.

In consideration for the acquisition, Canyon Gold will issue 4,000,000 shares of its voting Common Stock to the sole shareholder of DTC and certain of its note holders.  Additionally, DTC will be able to earn certain additional Canyon Gold Preferred Shares, Series “B” Convertible (“Series “B” Shares”) upon attaining certain milestone gross sales. The closing of the acquisition is scheduled on or before November 30, 2015. Following the closing, Canyon Gold will use its reasonable best efforts to effectuate a spin-off of its present subsidiary, Long Canyon Gold Resources Corp., on terms to be determined.

DTC was established in 2007 for the purpose of bringing products to market in areas of personal and collateral protection using technology unique in design and operation. DTC presently has two products in development that are intended to be marketed. DTC has assembled a team of experts to work with the company in developing long term relationships in future target markets. Representatives of DTC have made preliminary presentations to state and federal government departments and is positioning itself to move forward with the sale of products.

DTC’s initial product is the Offender Alert Passive Scan, a next generation, walk-through detector scanning unit.  This is a patented, trademarked, passive scanning system for detecting and identifying concealed threats.  The unit can be installed into a door frame with no visual presence while providing covert detection, or it can be installed as a standalone unit for portable operation. The Offender Alert consists of eight highly developed sensors that read the constantly changing variations in the earth’s magnetic field. Sensors in the frame are connected to a circuit board and micro-processor that effectively create a “curtain” in the doorway. When the system is activated, a reading is taken between the four sensors on either side of the frame to establish the “normal” or “ambient” baseline reading.  These same sensors have applications in places such as along the San Andrea's fault line, where they measure changes in the earth’s magnetic fields to anticipate earthquake activity.

Because the earth’s magnetic field is never static, the system constantly self-adjusts.  When a subject passes through the “curtain” with something of a metallic nature, an invisible wave of variation is generated where the signal has the greatest strength.  The program provides a visual indication of where the item is located on the subject as well as an approximation of the size of the item.  With the use of electromagnets, the system emits nothing through the subject and is passive, simply reading the ambient environment and the variations that occur as a person passes between two specific points. Contrary to existing scanning and detection technology, the system emits no energy. The DTC system is able to detect objects such as cell phones, knives and guns including covert hand guns.

Scanner systems currently in the market are effectively an x-ray in some form. Existing scanning technology emits a signal from one side of a scanning unit, through the subject, to the other side of the unit, which reads variation (loss of transmission) from “sent” to “received” in the same way as an x-ray, but weaker by degrees. It has been speculated that a subject passing through such a system often enough could be affected.

As a standalone unit, the Offender Alert can be totally autonomous with a battery pack that provides 180 hours of power. Readings can be transmitted, or displayed with colored lights overhead displaying a range of colors indicating severity of the threat. The unit can have the threshold level set to memory and operate without the computer link, provided that it is manned for an immediate response when breached.

It is intended that the Offender Alert will be manufactured under licensing agreements with the system’s inventor. These agreements will allow DTC to commercially develop, manufacture, use and distribute processes and products using the licensed intellectual property.

The projected market for Offender Alert is both government and commercial, particularly education facilities, federal agencies, military and public businesses. Specific markets could be airport screening, bank security systems and school safety.

DTC is also developing a hand held Passive Scan that uses a battery power pack enabling the operator to hand scan a subject. Management believes these unit will be more cost efficient than current products on the market.

In addition to the Common Stock to be issued at the closing, the agreement provides that DTC will be able to earn Series “B” Shares in the event DTC achieves gross sales pursuant to the following thresholds:

Gross-Sales of $ 5,000,000 USD	=      250,000 Series “B” Shares
Accumulated Gross-Sales of $15,000,000 USD	=      500,000 Series “B” Shares
Accumulated Gross-Sales of $ 30,000,000 USD	=      750,000 Series “B” Shares

These non-voting Series “B” Shares will be issued to those persons directed by DTC’s and each share is convertible into 10 shares of voting Canyon Gold Common Stock.  In the event all the above thresholds are attained, the issued Series “B” Shares could be converted into a maximum of 15,000,000 shares of Canyon Gold Common Stock.

Canyon Gold will also agree to provide funding for development of DTC’s products on the following timetable:

i.	$100,000 on or before November 30, 2015
ii.	$100,000 on or before December 31, 2015
iii.	$100,000 on or before January 31, 2015

Following the closing of the acquisition, Canyon Gold will appoint one director proposed by DTC to the Canyon Gold Board of Directors, and DTC will appoint on director proposed by Canyon Gold to the DTC Board of Directors

The closing of the acquisition, expected to be on or before November 30, 2015,  is subject to the successful conclusion of due diligence by each party and the delivery of DTC’s financial statements.

Section 9 – Financial Statements and Exhibits

Item 9.01                 Financial Statements and Exhibits.

(d)      Exhibits

Exhibit No.	Description
10.1	Definite Agreement to acquire Defense Technology Corporation [to be filed at closing]
99.1	Press Release

Cautionary Note About Forward-looking Statements

Statements contained in this current report which are not historical facts, may be considered "forward-looking statements," which term is defined by the Private Securities Litigation Reform Act of 1995.  Any “safe harbor under this Act does not apply to a “penny stock” issuer, which definition would include the Company.  Forward-looking statements are based on current expectations and the current economic environment.  We caution readers that such forward-looking statements are not guarantees of future performance. Unknown risks and uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

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.

	Canyon Gold Corp.
Date:  October 13, 2015	By:  S/ Stephen M. Studdert
	Stephen M. Studdert
	President

EX-99.1

Exhibit 99.1

CANYON GOLD CORP. –  Diversifies with the Acquisition of

DEFENSE TECHNOLOGY CORPORATION, LLC of Tarpon Springs, Florida (DTC).

Las Vegas - (Newsfile Corp. – October 6, 2015) - Canyon Gold Corp. (OTC-QB ‘CGCC’) (The Company) is pleased to announce that it has acquired a 100% interest in DEFENSE TECHNOLOGY CORPORATION, LLC. a Colorado Corporation, whereby DTC becomes a wholly owned subsidiary of CGCC.

As part of the company strategic growth plan to enhance shareowner value, and recognizing the persistent but temporarily depressed gold resources market, and after extensive analysis the company has decided to diversify and expand its focus on revenues and value in a critical need market sector.

In acquiring DTC, the company has acquired proprietary technologies unique in design and operation with its first product primarily designed for the important and rapidly expanding school safety market.

DEFENSE TECHNOLOGY CORPORATION, LLC: http://www.defensetechnologycorporation.com/

DTC was formed in 2007 to bring products to market in the areas of personal and collateral protection. DTC will succeed in the markets of personal and collateral protection by creating technology that is unique in design and operation. The company currently has two products in development that will change the face of their respective industries.

DTC has assembled a team of experts that have built relationships in target markets spanning over 3

years, enabling the company to deal directly with the decision makers specific to the products. DTC has presented to state and federal government departments and is positioned to move forward with the sale of products.

DTC‘s business model is based on the hub and spoke system operating in an identified market with a direct connection to decision makers. The markets for the lead product are the 105,000 U.S. public & private schools, colleges and universities. The core customer base is government, specifically federal, state, and regional, together with international replication and future commercial applications.

DTC’s VISION

Selling peace of mind to our customers through effective security products.

Encouraging adoption of cutting edge technologies by providing functional and budgetary viability.

Maintaining a company where research and creativity are nurtured, leading to a prosperous future

for the company, our shareholders and our customers.

*   *   *

“We welcome the seasoned management team of our newly acquired subsidiary ‘DTC’. With the acquisition of Defense Technology Corporation we are confident that together with the market vision, product expertise, and proprietary technology of DTC we will be able to bring success to the Company and our shareholders” said President and CEO Stephen M. Studdert of CanyonGold.

“Joining the Team of CanyonGold provides the opportunity to build and operate a superior production center for our planned Defense Technology Products with a view to a very bright future for the Company and value to its shareholders” said Jeffry Vanalstine, Chairman & CEO of the newly acquired subsidiary.

*   *   *

THE COMPANY’S Gold Subsidiary, Long Canyon Gold Resources Corp. ‘LCGRC’  owns 30 mineral lease claims and has the opportunity to acquire additional claims in the mineral-rich Spruce Ridge area as well as in the similarly mineralized Pequop Mountains of the Long Canyon Trend Area of Nevada. These sections are adjacent to the original discovery acquire by Newmont Mining for 2.3 Billion Dollars. In expectation of resource market improvements, it is the company’s intention to explore its claims for the same type of target, a large tonnage gold deposit similar to the West Pequop Mountains Long Canyon type of Carlin Type gold deposit.

LCGRC continues in preparing and planning its phase two development program on its substantial Gold claims in Elko County Nevada. As gold market valuations improve in the future the Company will proceed with its planned deposit exploration.

*   *   *

On behalf of the Board of Directors, Stephen M. Studdert., President & CEO

Company Contact:

1 800 520-9485 Stephen Studdert, President

Email:cgcc@canyongoldexploration.com

The Company trades on the OTC-BB/QB tier of the  OTC  market.  Investors  can  find  Real-time  quotes  and   market Information for the Company onhttp://www.otcmarkets.com/stock/CGCC/quote

Forward-Looking Statements

This news release includes certain “forward-looking statements".  All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives or expected results of the Company, are forward-looking statements that involve various risks and uncertainties. Forward looking statements in this news release include that we will carry out an exploration program and exercise our option to lease additional claims. There can be no assurance that such statements will prove to be accurate and actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements. Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; we may not be able to get equipment or labor as we need it; we with may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company’s most recent reports filed with the Securities and Exchange Commission.