S-8 1 forms8.htm FORM S-8 Royal Standard Minerals Inc.: Form S-8 - Filed by newsfilecorp.com

As filed with the Securities and Exchange Commission on June 26, 2012 Registration No. 333-

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

ROYAL STANDARD MINERALS INC.
(Exact name of registrant as specified in its charter)

Canada Not Applicable
(State or other jurisdiction of incorporation (I.R.S. Employer Identification No.)
or organization)  

50 Richmond Street East, Suite 101
Toronto, Ontario M5C 1N7
(Address of Principal Executive Offices) (Zip Code)

Royal Standard Minerals Inc.
2011 Amended and Restated Stock Option Plan
(Full title of the plan)

Philip Gross
1 Main Street
Manhattan, NV 89022
(Name and address of agent for service)

(775) 487-2454
(Telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [  ] Accelerated filer [  ]
Non-accelerated filer [  ] (Do not check if a smaller reporting company) Smaller reporting company [X]


CALCULATION OF REGISTRATION FEE

Title of securities
to be registered (1)
Amount to be
registered (2)
Proposed
maximum offering
price per share
Proposed
maximum
aggregate offering
price
Amount of
registration fee
Common shares subject to outstanding options 5,350,000 shares $0.28 (3) $1,498,000.00 $171.67
Common shares not subject to outstanding options 3,035,382 shares $0.15 (4) $455,307.30 $52.18
Total 8,385,382 shares   $1,953,307.30 $223.85

(1)

Common shares, no par value, offered by Royal Standard Minerals Inc. (the “Registrant”) pursuant to its 2011 Amended and Restated Stock Option Plan (the “Plan”).

   
(2)

Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also covers an indeterminate number of additional shares that may be offered and issued to prevent dilution resulting from stock splits, stock dividends or similar transactions as provided in the Plan.

   
(3)

Based on the weighted average exercise price of $0.28 of options granted under the Plan outstanding as of June 20, 2012.

   
(4)

Calculated in accordance with Rule 457(c) and (h) under the Securities Act based on the average of the high and low prices for the Registrant’s common shares reported on the Over-the-Counter Bulletin Board on June 20, 2012, which was $0.15 per share.




  PART I. INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.   Plan Information.*
   
Item 2.   Registrant Information and Employee Plan Annual Information.*

*The information required by Part I to be contained in the Section 10(a) prospectus is omitted from this registration statement in accordance with the Note to Part I of Form S-8 and Rule 428 under the Securities Act.

  PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.   Incorporation of Documents by Reference.

The following documents, which have been filed with the United States Securities and Exchange Commission (the “Commission”), are incorporated herein by reference:

  (a)

The Registrant’s Amendment No. 1 to Annual Report on Form 20-F for the fiscal year ended January 31, 2012 filed with the Commission on June 14, 2012 (File No. 000-28980).

     
  (b)

All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), since the end of the fiscal year covered by the Amendment No. 1 to Annual Report on Form 20-F filed with the Commission on June 14, 2012 incorporated by reference herein pursuant to (a) above.

     
  (c)

The description of the Registrant’s securities contained in Registrant’s Amendment No. 2 to registration statement on Form 20-F filed with the Commission on September 12, 1997, including any amendment or report filed for the purposes of updating such description.

In addition, unless otherwise stated herein, all documents subsequently filed with the Commission by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act (except for certifications pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002) and to the extent, if at all, designated therein, certain reports on Form 6-K furnished by the Registrant prior to the filing of a post-effective amendment to this registration statement which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference in this document will be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained in this document or in any other subsequently filed document which also is or is deemed to be incorporated by reference in this document modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

Item 4.   Description of Securities.
   
  Not applicable.
   
Item 5.   Interests of Named Experts and Counsel.
   
  None.
   
Item 6.   Indemnification of Directors and Officers.

Under the Canada Business Corporations Act (the “CBCA”), the Registrant may, and the Registrant’s bylaw requires the Registrant to, indemnify a director or officer of the Registrant, a former director or officer of the Registrant or another individual who acts or acted at the Registrant’s request as a director or officer, or an individual acting in a similar capacity, of another entity, against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by the individual in respect of any civil, criminal, administrative, investigative or other proceeding in which the individual is involved because of that association with the Registrant or other entity and provided that the individual acted honestly and in good faith with a view to the best interests of the Registrant, or, as the case may be, to the best interests of the other entity for which the individual acted as a director or officer or in a similar capacity at the Registrant’s request and, in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, if the director, officer or other individual had reasonable grounds for believing that such individual’s conduct was lawful. Such indemnification may be made in connection with a derivative action only with court approval. A director, officer or other individual referred to above is entitled to indemnification from the Registrant in respect of all costs, charges and expenses reasonably incurred by the individual in connection with the defense of any civil, criminal, administrative, investigative or other proceeding to which the individual is subject because of the individual’s association with the Registrant or other entity, as described above, if the individual was not judged by the court or other competent authority to have committed any fault or omitted to do anything that the individual ought to have done and fulfilled the conditions set forth above.

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The Registrant has entered into agreements with its directors and officers evidencing the foregoing indemnity. The CBCA and by-law of the Registrant permit, and the Registrant has purchased and presently maintains, liability insurance on behalf of its officers and directors.

Item 7.   Exemption from Registration Claimed.
   
  Not Applicable.
   
Item 8.   Exhibits.

    Exhibit Number     Exhibit
4.1 Royal Standard Minerals Inc. 2011 Amended and Restated Stock Option Plan
5.1 Opinion of Heenan Blaikie LLP
23.1 Consent of MSCM LLP
23.2 Consent of Heenan Blaikie LLP (included in Exhibit 5.1)
23.3 Consent of Donald G. Strachan
23.4 Consent of Timothy D. Master
23.5 Consent of James W. Ashton
23.6 Consent of Roger C. Steininger
24.1 Powers of Attorney (included on the Signatures page)

Item 9.   Undertakings.

(a)                The undersigned Registrant hereby undertakes:

(1)                To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i)                To include any prospectus required by Section 10(a)(3) of the Securities Act;

(ii)                To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

 

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(iii)                To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.

(2)                That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3)                To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(4)                To file a post-effective amendment to the registration statement to include any financial statements required by Item 8.A of Form 20-F at the start of any delayed offering or throughout a continuous offering.

(b)                The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act, (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(h)                Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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SIGNATURES

The Registrant. Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement or amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toronto, Province of Ontario, on June 19, 2012.

  ROYAL STANDARD MINERALS INC.
  (Registrant)
   
  By:   /s/ Ike Makrimichalos                  
           Ike Makrimichalos
           Chief Financial Officer

POWERS OF ATTORNEY

Each person whose signature appears below constitutes and appoints each of Philip Gross and Ike Makrimichalos with full power to act without the other, his true and lawful attorneys-in-fact and agents, with full and several power of substitution, for him and in his name, place and stead, in any and all capacities, to sign any or all amendments, including post-effective amendments to the registration statement, new registration statements pursuant to General Instruction E of Form S-8 pertaining to the registration of additional securities and post-effective amendments thereto, and any and all other documents in connection therewith to be filed with the Securities and Exchange Commission granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as they or he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents as his or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the date indicated.

Signatures Title Date
     
/s/ Philip Gross                                     Interim President and Chief Executive Officer   June 26, 2012
Philip Gross (principal executive officer)  
     
/s/ Ike Makrimichalos                          Chief Financial Officer June 19, 2012
Ike Makrimichalos (principal financial and accounting officer)  
     
                                                                Director  
James B. Clancy    
     
/s/ John Fitzgerald                                Director June 17, 2012
John Fitzgerald    
     
/s/ Riyaz Lalani                                      Director June 19, 2012
Riyaz Lalani    
     
/s/ Paul G. Smith                                    Director June 19, 2012
Paul G. Smith    
     
                                                                Director  
Ken M. Strobbe    


AUTHORIZED REPRESENTATIVE

Pursuant to the requirements of Section 6(a) of the Securities Act, the undersigned has signed this registration statement solely in the capacity of the duly authorized representative of Royal Standard Minerals Inc. in the United States on June 26, 2012.

  By: /s/ Philip Gross                                                        
           Philip Gross
           Interim President and Chief Executive Officer


EXHIBIT INDEX

   Exhibit Number    Exhibit
4.1 Royal Standard Minerals Inc. 2011 Amended and Restated Stock Option Plan
5.1 Opinion of Heenan Blaikie LLP
23.1 Consent of MSCM LLP
23.2 Consent of Heenan Blaikie LLP (included in Exhibit 5.1)
23.3 Consent of Donald G. Strachan
23.4 Consent of Timothy D. Master
23.5 Consent of James W. Ashton
23.6 Consent of Roger C. Steininger
24.1 Powers of Attorney (included on the Signatures page)