-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BsgRcxjG14WPgp8FlzWNZnULu1wvqXqw+hsvbju7wOXVC/dXG7Cwvp8DisS585tp hRp5qiL4su4rR6hLEofcJQ== 0001012410-07-000030.txt : 20070320 0001012410-07-000030.hdr.sgml : 20070320 20070320143101 ACCESSION NUMBER: 0001012410-07-000030 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070320 FILED AS OF DATE: 20070320 DATE AS OF CHANGE: 20070320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BERKLEY RESOURCES INC CENTRAL INDEX KEY: 0000870589 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18939 FILM NUMBER: 07705888 BUSINESS ADDRESS: STREET 1: 455 GRANVILLE ST STE 400 CITY: VANCOUVER BC CANADA V6C 1T1 STATE: A1 ZIP: V6C 1T1 BUSINESS PHONE: 6046823701 MAIL ADDRESS: STREET 1: 455 GRANVILLE STREET STREET 2: SUITE 400 CITY: VANCOUVER STATE: A1 ZIP: V6C 1T1 6-K 1 berkley6-k.htm BERKLEY FORM 6-K Berkley Form 6-K



U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549


FORM 6-K


REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934


March 20, 2007

Commission File No.: 0-18939

BERKLEY RESOURCES INC.
(Translation of Registrant's name into English)

400-455 Granville Street, Vancouver, B.C. V6C 1T1
(Address of principal executive office)

Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

xForm 20-F
 
oForm 40-F

Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

oYes
 
xNo

If "Yes" is marked, indicate below the file number assigned to the Registrant in connection with Rule 12g3-2(b): n/a



 
 

 

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.


Registrant:   BERKLEY RESOURCES INC. 


By:                         /s/ Connie Lillico
                              CONNIE LILLICO, CORPORATE SECRETARY


Date:                     March 20, 2007



 
 

 


EXHIBIT INDEX

Exhibit No.
 
Description
     
99.1
 
Press Release dated March 20, 2007

EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1
graphic
 
BERKLEY RESOURCES INC.
400 - 455 Granville Street
Vancouver, B.C.
V6C 1T1
Tel: (604) 682-3701 Fax: (604) 682-3600
www.berkleyresources.com
ir@berkleyresources.com

March 20, 2007
Trading Symbols: BKS - TSX Venture
BRKDF - OTC (US)
Frankfurt W8O

BERKLEY TO SELL IT’S VANCOUVER OFFICE BUILDING FOR $4 MILLION TO BECOME A PURE OIL AND GAS COMPANY

BERKLEY RESOURCES INC. (the “Company”) has entered into an offer to purchase and contract of purchase and sale with Deecorp Ventures Ltd. (the “Purchaser”) for the sale of the Company’s real estate assets consisting of an office building located at 455 Granville Street, Vancouver, BC for the sum of $4,000,000. The initial deposit of $500,000 has been deposited directly to the Company. This deposit will bear interest at an annual rate of 4%, accruing to the benefit of the Purchaser and to be applied to the purchase price on closing. On closing, the Purchaser will pay $3,000,000 and the Company will extend financing to the Purchaser in the amount of $500,000 in the form of a second mortgage on the property. The second mortgage will have a term of one year at an annual interest rate of 8%, calculated semi-annually, not in advance. The closing is expected to take place on or before September 7, 2007. “This is a very important day for Berkley,” stated it’s President Lindsay Gorrill, “the sale of the building allows us to be completely debt free and to focus 100% of our time on our main oil and gas projects, Senex and Crossfield.” Proceeds of the sale will be used to pay off corporate debt of $3.3 million and the remainder will be used for exploration and working capital. No commission or finders fees will be paid.
 
The above transaction will be subject to regulatory approval.

On behalf of the Board of Directors
of Berkley Resources Inc.

“Lindsay Gorrill”
Lindsay Gorrill
President and COO
Tel: (604) 682-3701
www.berkleyresources.com
leg333@roadrunner.com

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release
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