SEC Info - North American Iron Ore, Inc. - ‘5’ for 12/31/11 re: Allied American Steel Corp.

FORM 5

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

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

North American Iron Ore, Inc.

(Last)

(First)

(Middle)

LEVEL 5, CITY CENTRAL TOWER 2

121 KING WILLIAM STREET

(Street)

ADELAIDE

5000

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ALLIED AMERICAN STEEL CORP. [ AAST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/11

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	4/15/11		P5	133,282 ⁽¹⁾	A	$0.75	15,968,341	D
Common Stock	5/27/11		A5	15,075,175 ⁽²⁾	A	$0.04	15,968,341	D
Common Stock	6/20/11		P5	759,894 ⁽³⁾	A	$0.75	15,968,341	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant (right to buy)	$0.9	4/15/11		P5	133,282 ⁽¹⁾		4/15/11	4/14/14	Common Stock	133,282	$0	893,176	D
Warrant (right to buy)	$0.9	6/20/11		P5	759,894 ⁽³⁾		6/20/11	6/19/14	Common Stock	759,894	$0	893,176	D

Explanation of Responses:

(1) North American Iron Ore, Inc. ("North American") acquired these shares pursuant to a Securities Purchase Agreement dated April 15, 2011. The agreement gave retroactive effect to the 18:1 forward stock split effected after the close of business on May 19, 2011.

(2) These shares were issued to North American pursuant to the Assignment and Sale Agreement dated May 27, 2011 between the Issuer; North American, and Canamara Energy Corporation ("Canamara") in consideration for an assignment of its rights to the Issuer. The rights included an option to acquire an undivided sixty percent (60%) interest in the mineral claims located in the Province of Quebec, Canada under the agreement with Canamara dated May 7, 2010.

(3) North American acquired these shares pursuant to a Securities Purchase Agreement with the Issuer dated June 20, 2011.

Remarks:

	/s/ David Craven, Director	4/12/12
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
A	Grant, award or other acquisition pursuant to Rule 16b-3(d).
P	Open market or private purchase of non-derivative or derivative security.

North American Iron Ore, Inc. – ‘5’ for 12/31/11 re: Allied American Steel Corp.

On: Thursday, 4/12/12, at 10:53am ET · For: 12/31/11 · As: 10% Owner · Accession #: 1140361-12-20172 · File #: 0-53485

Annual Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 5 — SEA’34
Filing Table of Contents

This ‘5’ Document is an XML Data File that may be rendered in various formats:

North American Iron Ore, Inc. – ‘5’ for 12/31/11 re: Allied American Steel Corp.

On: Thursday, 4/12/12, at 10:53am ET · For: 12/31/11 · As: 10% Owner · Accession #: 1140361-12-20172 · File #: 0-53485

Annual Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 5 — SEA’34Filing Table of Contents

This ‘5’ Document is an XML Data File that may be rendered in various formats:

Annual Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 5 — SEA’34
Filing Table of Contents