Form 8-K
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 1, 2006 (June 5, 2006)
HALLADOR
PETROLEUM COMPANY
(Exact
Name of
Registrant as specified in Charter)
0-14731
(Commission
File
Number)
|
Colorado
|
84-1014610
|
|
(State
or
Other Jurisdiction
of
Incorporation)
|
(IRS
Employer
Identification
No.)
|
|
1660
Lincoln Street, Suite 2700, Denver, Colorado
|
80264-2701
|
|
(Address
of
Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: 303-839-5504
________________
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):
o
Written
communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule
14a-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))
____________________________________________________________________________________________
Item
8.01 - Other Events
On
June 1, 2006, we
signed a Letter of Intent to purchase membership interests in Sunrise Coal,
LLC,
an Indiana limited liability company ("Sunrise"). Following the
proposed acquisition, we would hold a majority of the voting membership
interests in Sunrise and would appoint three members to a five member management
committee. This letter of intent replaces the letter of intent we signed
with
Sunrise in January 5, 2006 which would have resulted in Sunrise becoming
a
wholly-owned subsidiary of Hallador. Sunrise is continuing the development
of
its Carlisle Mine, with production scheduled to begin in early 2007. Sunrise
has
advised us that it will discontinue mining operations at its Howesville
Mine on
June 10, 2006.
On
June 1, 2006, we
agreed to lend Sunrise up to $5,000,000 to allow Sunrise to continue development
of the Carlisle Mine. The $5,000,000 will be converted into membership
units in
Sunrise upon the closing of our proposed acquisition of membership interests
in
Sunrise.
The
Letter of
Intent as executed by both parties and the Promissory Note as executed are
attached hereto as Exhibits.
Item
9.01 -
Financial Statements and Exhibits
(a)
Not applicable
(b)
Not applicable
(c)
Exhibits - The following exhibits are filed
hereto.
99.1
- Letter
of Intent dated June 1, 2006 by and between Hallador Petroleum Company
and
Sunrise Coal, LLC
99.13
-Promissory
Note dated June 1, 2006 by and between Sunrise Coal, LLC (Borrower) and
Hallador
Petroleum Company (Lender)
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.
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HALLADOR
PETROLEUM COMPANY
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| |
|
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Date:
June
5, 2006
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By: /s/
Victor P. Stabio
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| |
Victor
P.
Stabio
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| |
Chief
Executive Officer and President
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