-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, MzxuR4KyXO7xHIdqbqoVaO0bEzlYTNiFNwSsPbpneNlCEPPmWz0W5DXLAX0KnH8F c2A4sWatw9f8y2GgV4Yqmw== 0000950129-95-000864.txt : 19950803 0000950129-95-000864.hdr.sgml : 19950803 ACCESSION NUMBER: 0000950129-95-000864 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950801 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950802 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATEC RESOURCES INC CENTRAL INDEX KEY: 0000050361 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 366059098 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08104 FILM NUMBER: 95558257 BUSINESS ADDRESS: STREET 1: 1177 W LOOP SOUTH STREET 2: STE 900 CITY: HOUSTON STATE: TX ZIP: 77027 BUSINESS PHONE: 7135522552 MAIL ADDRESS: STREET 1: 1177 WEST LOOP SOUTH STREET 2: STE 900 CITY: HOUSTON STATE: TX ZIP: 77027 FORMER COMPANY: FORMER CONFORMED NAME: INDUSTRIAL RESOURCES INC DATE OF NAME CHANGE: 19891211 FORMER COMPANY: FORMER CONFORMED NAME: UTAH SHALE CORP DATE OF NAME CHANGE: 19750702 8-K 1 NATEC RESOURCES, INC. - 8-K DATED 08/01/95 1 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) August 1, 1995 NATEC RESOURCES, INC. --------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-8104 36-6059098 - --------------- ----------- -------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number) 1177 West Loop South, Suite 800 Houston, Texas 77027 ---------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code (713) 552-2552 2 ITEM 5. OTHER EVENTS On August 1, 1995, the Registrant issued a press release stating that it had entered into an amendment to its previously announced Acquisition Agreement with North American Chemical Company. ITEM 7. EXHIBITS Exhibit 99. Press release dated August 1, 1995. 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 thereunto duly authorized. NATEC RESOURCES, INC. Dated: August 1, 1995 By:/s/ Timothy R. Dunne ---------------------------- Name: Timothy R. Dunne Title: Vice President, General Counsel and Secretary -2- EX-99 2 PRESS RELEASE 1 EXHIBIT 99 NEWS RELEASE Contact: Mr. John McCormack (713) 552-2552 NATEC RESOURCES ANNOUNCES AMENDMENT TO AGREEMENT FOR SALE OF SUBSTANTIALLY ALL ITS ASSETS TO NORTH AMERICAN CHEMICAL COMPANY HOUSTON, TEXAS August 1, 1995 -- NaTec Resources, Inc. (NaTec)(NASDAQ: NATC) and North American Chemical Company (NACC), a unit of Harris Chemical North America, Inc., jointly announced today that they have entered into an amendment to their previously announced Acquisition Agreement, pursuant to which NaTec and NACC have agreed to revise certain financial terms of the sale by NaTec of substantially all of its assets to NACC. The assets to be sold include NaTec's 50% interest in White River Nahcolite Minerals, Ltd. Liability Co. (White River), the owner of a sodium bicarbonate mining and processing facility located in Colorado in which NaTec has been a joint venture partner since 1992. NaTec will retain its assets unrelated to the operation of White River. Under the terms of the amended agreement, the sales price will be $10.5 million, consisting of $500,000 cash payable at closing, a $6 million non-interest bearing promissory note maturing January 15, 1996 by White River, and NACC's $4 million non-interest bearing promissory note, which will have a three-year term. Both notes will be secured by a security interest covering the White River facility. Under the terms of the prior agreement, the sales price was $10 million, consisting of $6 million in cash payable at closing and a $4 million non-interest bearing promissory note with a five-year term. Completion of the sale is subject to a number of conditions, including approval of the transaction by NaTec's stockholders. CRSS Inc., the holder of approximately 50.2% of common and 100% of preferred stock of NaTec, has conditionally agreed to vote in favor of the sale. As previously announced, the NaTec Board also has approved the liquidation of the Company, subject to stockholder approval. As a result of the liquidation, CRSS Inc., as both creditor and sole preferred stockholder of NaTec, will receive all or substantially all of the proceeds of the sale. There will not be sufficient assets to make any distribution to holders of NaTec's common stock pursuant to any liquidation. NaTec is finalizing the Proxy Statement to be distributed to its stockholders prior to NaTec's annual meeting of stockholders, which NaTec presently anticipates will be held on August 24, 1995. NaTec will seek stockholder approval of the sale of assets to NACC and the liquidation of NaTec at this meeting. -3- -----END PRIVACY-ENHANCED MESSAGE-----