Item 5.01. Change in Control of Registrant. On June 17, 2009, Robert Slavik (the "Purchaser") acquired an aggregate of 4,520,000 shares of common stock (the "Shares") of Ruby Creek Resources, Inc. (the "Company") from Brian Roberts, Ron Shenton, Shannon May, and Shayne May (collectively, the "Sellers"), in exchange for aggregate consideration of $49,000 (the "Stock Sale"). The Shares acquired by the Purchaser represent 54.2% of the Company's issued and outstanding common stock. In connection with the Stock Sale, the Purchaser entered into a Loan and Pledge Agreement with Booha Family Partners ("Booha") pursuant to which Booha loaned the Purchaser $50,000 in exchange for a secured promissory note in the principal amount of $50,000 that accrues interest at the rate of 10% per annum and is due and payable in full on June 17, 2010. Repayment of this note is secured by a first priority lien in 200,000 shares of common stock of Douglas Lake Minerals Inc. currently held by the Purchaser. The proceeds from this loan were used by the Purchaser to acquire the Shares.
On June 18, 2009, in connection with the Stock Sale, each of Wayne Waters and Ian Foreman resigned from all positions as directors and officers of the Company. In addition, on June 18, 2009, Brian Roberts resigned all positions as an officer of the Company, but remains a member of the board of directors of the Company. To fill the vacancies created by these resignations, Robert Slavik was elected as President, Chief Executive Officer, Treasurer and Secretary of the Company. In addition, on June 18, 2009, Robert Slavik was elected to the Company's board of directors. Mr. Slavik's biography is provided below:
In addition to his executive and board positions with the Company, Mr. Slavik has served as the President, Chief Executive Officer and as a member of the board of directors of Tanzanian Goldfields Company, a mining company, since 2008, President of Vitalstate since 2008, President of Ariel Resources since 2004, and as President and a member of the board of directors of Pacific Gems Trading Company, a gem and resources company, since 1999. Mr. Slavik served as the President of T-Rex Vehicles Corporation, a specialty vehicles company, from 2007 through 2008 and as a consultant for Notre Dame Capital, a Canadian venture capital company, from 2006 through 2007. He served as a consultant to Groupe InterCapital, another Canadian venture capital company, from 2006 through 2007. Mr. Slavik was the Operations Manager of Savoy Resources Corp, a China-based mining company, from 2004 through 2005 and served as that company's president in 2004 and 2005. Mr. Slavik has college degrees in engineering and business administration from the British Columbia Institute of Technology.