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): June ~~September 25~~30, ~~2009~~2010

PIEDMONT MINING COMPANY, INC.

(Exact name of registrant as specified in its charter)

North Carolina

(State or other jurisdiction of incorporation)

001-34075

(Commission File No.)

56-1378516

(IRS Employer Identification No.)

18124 Wedge Parkway, Suite 214

Reno, NV 89511

(Address and telephone number of principal executive offices) (Zip Code)

(212) 734-9848

(Registrant's telephone number, including area code)

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 (see General Instruction A.2. below):

o ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o ¨ Soliciting material pursuant to Rule 4a-12 under the Exchange Act (17 CFR 240.14a-12)

o ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Section~~SECTION 8 1–REGISTRANT’S ~~Other~~BUSINESS ~~Events~~AND OPERATIONS

Item 81.01. ~~Other~~Entry ~~Events~~into a Material Definitive Agreement.

On ~~September~~June 2530, ~~2009~~2010, Piedmont Mining Company, Inc. (the “Company”) ~~issued~~entered into a ~~Press~~Settlement ~~Release~~Agreement ~~relating~~(the to“Agreement”) ~~the~~with ~~granting~~Columbus ofGold Corporation, a 6%Canadian ~~interest~~corporation in(“Columbus anCanada”) ~~oil~~and ~~well~~Columbus ~~located~~Gold ~~in Tennessee~~(U.S.) ACorporation, ~~copy~~a wholly-owned subsidiary of ~~the~~Columbus ~~press~~Canada ~~release~~(“Columbus isUS”) ~~attached~~(Columbus ~~hereto~~US asand ~~Exhibit~~Columbus ~~99.1~~Canada, ~~and~~collectively ~~incorporated~~referred ~~herein~~to byas ~~reference~~“Columbus”).

~~Section~~Pursuant 9to –the ~~Financial~~terms ~~Statements~~of the Agreement, the Company agreed to issue Columbus Canada six million two hundred eighty five thousand seven hundred fifteen (6,285,715) shares of the Company’s common stock (the “Shares”) in exchange for (i) settlement of the Company’s outstanding debt in the amount of two hundred thirty seven thousand one hundred sixty five dollars and ~~Exhibits~~ninety one cents ($237,165.91), representing the outstanding balance and accrued interest, owed to Columbus (the “Loan”) and (ii) the granting of an irrevocable proxy for the Shares. Under the terms of the Agreement, upon receipt of the Shares the Company will have no further obligation relating to the Loan. In addition, the Company has the option to repurchase the Shares for a purchase price equal to the Loan, so long as the Shares are subject to the holding period set forth under Rule 144 of the Securities Act of 1933, as amended (the “Act”).

~~Item~~The ~~9.01~~foregoing ~~Financial~~description ~~Statements~~of Agreement is not complete and ~~Exhibits~~is qualified in its entirety by reference to the Agreement, a copy of which will be filed by the Company as an exhibit to its upcoming Form 10-Q for the quarter ended June 30, 2010.

~~(d)~~SECTION ~~Exhibits.~~3–SECURITIES AND TRADING MARKETS

Exhibit No.	Exhibit Description
99.1	Press Release dated September 25, 2009 announcing granting of 6% interest in an oil well located in Tennessee.

Item 3.02. Unregistered Sales of Equity Securities.

~~The~~As ~~information~~disclosed ~~set forth~~ under ~~Exhibit~~Item ~~99.~~1.01 ~~attached~~of ~~hereto~~this isForm ~~furnished~~8-K, ~~and~~in ~~shall~~connection ~~not~~with bethe ~~deemed~~Agreement, ~~“filed”~~the ~~for~~Company ~~purposes~~agreed ofto ~~Section~~issue 18six ofmillion ~~the~~two ~~Securities~~hundred ~~Exchange~~eighty ~~Act~~five ofthousand ~~1934~~seven hundred fifteen (6,285,715) ~~and~~shares ~~shall~~of ~~not~~the beCompany’s ~~deemed~~common ~~incorporated~~stock byto ~~reference~~Columbus in ~~any~~exchange ~~filing~~for ~~with~~(i) ~~the~~settlement ~~Securities~~of ~~and~~the ~~Exchange~~Company’s ~~Commission~~outstanding ~~under~~debt in the ~~Securities~~amount ~~Exchange Act~~ of ~~1934~~two orhundred ~~the~~thirty ~~Securities~~seven ~~Act~~thousand ofone ~~1933,~~hundred ~~whether~~sixty ~~made~~five ~~before~~dollars orand ~~after~~ninety ~~the~~one ~~date~~cents ~~hereof~~($237,165.91) and ~~irrespective~~(ii) ofthe ~~any~~granting ~~general~~of ~~incorporation~~an byirrevocable ~~reference~~proxy ~~language~~for inthe ~~any filing~~Shares.

~~Portions~~The ofShares ~~this~~are ~~report~~being ~~constitute~~issued ~~“forward-looking statements” defined~~ by ~~federal law. Although~~ the Company ~~believes~~in ~~any~~a ~~such~~transaction ~~statements~~not ~~are~~involving ~~based~~a onpublic ~~reasonable~~offering ~~assumptions,~~as ~~there~~defined isunder ~~no assurance that~~ the ~~actual outcomes will not be materially different~~Act. Accordingly, ~~Any~~the ~~such~~Shares ~~statements~~ are ~~made~~issued in reliance onupon ~~the “safe~~exemptions ~~harbor”~~from ~~protections~~registration ~~provided~~ under the ~~Private Securities Litigation Reform~~ Act, ofwithout ~~1995.~~limitation, ~~Additional~~Section ~~information~~4(2) ~~about issues that could lead to material changes in the Company’s performance is contained in the Company’s filings with the Securities and Exchange Commission and may be accessed at www~~therein.~~sec.gov.~~

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.

PIEDMONT MINING COMPANY, INC.,

	PIEDMONT MINING COMPANY, INC.,
	a North Carolina corporation



Dated: July 6, 2010	By: /s/ Robert M. Shields, Jr.
	Robert M. Shields, Jr.
	Chief Executive Officer

~~a North Carolina corporation~~3

Dated: September 25, 2009 By: /s/ Robert M. Shields, Jr.

Robert M. Shields, Jr. Chief Executive Officer

Filing Compare · Piedmont Mining Company, Inc.