- Current report filing (8-K)
24 Février 2009 - 10:16PM
Edgar (US Regulatory)
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):
February 24, 2009
KAL
ENERGY, INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
333-97201
|
98-0360062
|
(State
or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
World
Trade Center 14th Floor
Jl.
Jenderal Sudirman Kav. 29-31
Jakarta,
Indonesia
|
12920
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (62) 21 5211110
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:
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 1.02 Termination of a Material
Definitive Agreement.
As previously reported on January 26,
2009, KAL Energy, Inc. and its subsidiary Thatcher Mining Pte. Ltd. (the
“Company”) entered into a Letter of Intent (the “LOI”) with Indo Mines Ltd. and
Indo Energy Pty Ltd. (together “Indo”) on January 20, 2009 for the purpose of
establishing and operating a joint venture to conduct phase II exploration on,
and to develop and possibly put into production, the Company’s “Graha” coal
concession in East Kalimantan, Indonesia .
On February 24, 2009, after Indo paid a
total of $25,000 to the Company, Indo determined that it would not proceed from
the LOI to a final joint venture. This decision terminated the LOI by
its terms. Indo has not earned, nor has any ownership interest been
created, in any of KAL’s projects as a result of the payments under the
LOI. Indo advised the Company that it made this determination after
reviewing several technical compliance issues surrounding the licenses held by
the Company regarding the “Graha” coal concession, which in Indo’s view, may not
be resolved in a timely manner to its satisfaction.
A press release announcing the
termination of the LOI and the discontinuation of the efforts towards a joint
venture is attached hereto as exhibit 99.1 and is incorporated herein by this
reference.
Item
8.01 Other Events.
As a result of the above contained in
Item 1.02 and incorporated by reference herein, the Company has chosen to pursue
alternate strategic relationships.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
Number
|
|
Description
|
99.1
|
|
Press
release regarding termination of the January 20, 2009 Letter of Intent,
dated February 24,
2009.
|
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.
|
KAL
ENERGY, INC.
|
|
|
|
|
|
February
24, 2009
|
By:
|
/s/ William
Bloking
|
|
|
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William
Bloking
|
|
|
|
President
and CEO
|
|
EXHIBIT
INDEX
Exhibit
Number
|
|
Description
|
99.1
|
|
Press
release regarding termination of the January 20, 2009 Letter of Intent,
dated February 24,
2009.
|
KAL Energy (CE) (USOTC:KALG)
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