8-K 1 v147712_8k.htm
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):  April 30, 2009


Rancher Energy Corp.
(Exact name of registrant as specified in its charter)


Nevada
  
000-51425
  
98-0422451
(State or other jurisdiction
of incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)
 
999-18th Street, Suite 3400, Denver, Colorado
  
80202
 (Address of principal executive offices)
  
(Zip Code)

Registrant's telephone number, including area code (303) 629-1125


N/A
(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 (see General Instruction A.2. below):

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 1.01 Entry into a Material Definitive Agreement.
 
On April 30, 2009, Rancher Energy Corp. (“Rancher Energy”) and GasRock Capital LLC (“GasRock”) entered into a Second Amendment to Term Credit Agreement (“Second Amendment”) that amends certain provisions of the Term Credit Agreement dated as of October 16, 2007 pursuant to which Rancher Energy borrowed $12,240,000 from GasRock and certain provisions of the First Amendment to Term Credit Agreement dated October 22, 2008.
 
The Second Amendment extends the maturity date under the First Amendment from April 30, 2009 to May 8, 2009.
 
The Second Amendment has been filed as Exhibit 10.1 to this Current Report on Form 8-K and the foregoing is qualified by the terms of the Second Amendment as reflected therein.
 
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
 
The information included in Item 1.01 above is hereby incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

Exhibit 10.1    Second Amendment to Term Credit Agreement.
 
 
 
 
 
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.
 
 
RANCHER ENERGY CORP.
     
     
 
Signature:
/s/ John Works                                            
 
Name:
John Works
 
Title:
President and Chief Executive Officer

Dated: April 30, 2009
 
 
 
 
 
EXHIBIT INDEX
 
Exhibit Number
 Description
   
Exhibit 10.1 
Second Amendment to Term Credit Agreement.