SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: (Date of earliest event reported): December 1, 2004
Commission File No.: 000-28375
SILVERADO FINANCIAL INC.
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(Exact name of registrant as specified in its charter)
Nevada 86-0824125
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(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
5976 W. Las Positas Blvd., Suite 116
Pleasanton , CA 94588
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(Address of principal executive offices)
(925) 227-1500
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(Issuer telephone number)
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(Former name, if changed since last report)
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(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 Exchange Act
(17 CFR 240.13e-4(c))
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On November 28, 2004, Silverado Financial Inc. entered into a Debt Cancellation
Agreement and General Release Agreement with SRD Technologies LLC ("SRD"),
whereby SRD (1) released Silverado and its subsidiary FSI from FSI's $275,000
note payable, (2) released Silverado and FSI from all other claims, liabilities,
causes of action, etc (3) returned to Silverado 574,953 shares of Silverado's
common stock and (4) paid Silverado $7,500 in cash.
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 thereunto authorized.
Silverado Financial Inc.
By: /s/ John Hartman
December 1, 2004 ----------------------------
John Hartman
President