Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 21, 2007

ELEMENT 21 GOLF COMPANY
(Exact Name of Registrant as Specified in Charter)

 Delaware
 000-15260
    88-0218411
 (State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
   (IRS Employer
Identification No.)
 
 
 200 Queens Quay East, Unit #1
Toronto, Ontario, Canada
  M5A 4K9
 (Address of Principal Executive Offices)
   (Zip Code)

Registrant's telephone number, including area code: (800) 710-2021

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)) 
 
 
Item 1.01. Entry into a Material Definitive Agreement.

On June 21, 2007, Element 21 Golf Company (“Element 21”) entered into a non-exclusive, world-wide Patent License with Advanced Light Alloys Corporation aka ALA Corporation (“Advanced”) by which Element 21 licensed Advanced to make, use, and sell fishing lines utilizing certain of Element 21’s patents.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.
 
 
 
 
 
 
 
Exhibit No. 
 
Description 
 
 10.1
 
Patent License by and between the Registrant and Advanced Light Alloys Corporation dated June 21, 2007.
 
  
 
  
 

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.
 
 
 
 
ELEMENT 21 GOLF COMPANY
 
 
 
 
 
 
Date: July 4, 2007
By:  
/s/ Nataliya Hearn             
 
Nataliya Hearn
President
 
  

 
EXHIBIT INDEX

 
Exhibit No. 
 
Description 
 
 
 
 
 
10.1
 
Patent License by and between the Registrant and Advanced Light Alloys Corporation dated June 21, 2007.