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): 07/03/2008

AUSAM ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number: 333-146853

Alberta, Canada		98-0552537
(State or other jurisdiction of		(IRS Employer
incorporation)		Identification No.)

13103 FM 1960 West

Suite 210

Houston, TX 77065

(Address of principal executive offices, including zip code)

832-678-2200

(Registrant’s telephone number, including area code)

(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 3.03. Material Modifications to Rights of Security Holders

Ausam Energy Corporation ("Ausam" or the "Company") announced July 3, 2008 that in connection with its recent graduation to Tier 1 of the TSX Venture Exchange ("TSXV") it has filed a Form 4D with the TSXV requesting the extension of the expiration date of certain of its outstanding warrants (the "Warrants") by three years. The table below sets forth the number of Warrants subject to the extension, the exercise price, and the current and requested expiration dates of such Warrants:

Number of Warrants Exercise Price Current Expiration Date Requested Expiration Date

125,685 CDN$3.25 September 7, 2009 September 7, 2012

1,996,666 CDN$3.75 February 8, 2009 February 8, 2012

3,092,682 CDN$3.25 February 8, 2009 February 8, 2012

Item 9.01. Financial Statements and Exhibits

Exhibit 1 - Form 4D filed July 3, 2008 with the TSX Venture Exchange

Signature(s)

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.

		AUSAM ENERGY CORPORATION


Date: July 08, 2008	By:	/s/ Mark G. Avery
		Mark G. Avery
		President and Chief Executive Officer

Exhibit Index

Exhibit No.		Description
EX-1.		Form 4D filed July 3, 2008 with the TSX Venture Exchange

Ausam Energy Corp 8-K