-----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, McarZC5D6/tv3v0cB1RA4pdiiQghK/gJvTN44CYqdj5N8ma01Yk62WmG2IeX7cEP uVXDrNer0HrNYCy9k8pvcA== 0000903423-07-000411.txt : 20070425 0000903423-07-000411.hdr.sgml : 20070425 20070425165629 ACCESSION NUMBER: 0000903423-07-000411 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070425 DATE AS OF CHANGE: 20070425 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PYR ENERGY CORP CENTRAL INDEX KEY: 0001016289 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 954580642 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51161 FILM NUMBER: 07788203 BUSINESS ADDRESS: STREET 1: 1675 BROADWAY STREET 2: STE 2450 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3038253748 MAIL ADDRESS: STREET 1: 1675 BROADWAY STREET 2: SUITE 2450 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: MAR VENTURES INC DATE OF NAME CHANGE: 19960606 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EASTBOURNE CAPITAL MANAGEMENT LLC/CA CENTRAL INDEX KEY: 0001140888 IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1101 FIFTH AVENUE STREET 2: SUITE 370 CITY: SAN RAFAEL STATE: CA ZIP: 94901 BUSINESS PHONE: 4154481200 MAIL ADDRESS: STREET 1: 1101 FIFTH AVENUE STREET 2: SUITE 370 CITY: SAN RAFAEL STATE: CA ZIP: 94901 SC 13D/A 1 eastbourne-13da1_0425.htm

 

SEC 1746
(2-98)

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

PYR Energy Corporation


(Name of Issuer)

Common Stock


(Title of Class of Securities)

693677106


(CUSIP Number)

Eric Sippel

Eastbourne Capital Management, L.L.C.

1101 Fifth Avenue, Suite 370

San Rafael, CA 94901


(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

April 23, 2007


(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of sections 240.13d-1(e), 240.13d-1(f) or 140.13d-1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See section 240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 



Schedule 13D

CUSIP No. 693677106

 

 

 

Preamble

This Amendment No. 1 (this “Amendment”) amends and supplements the Schedule 13D filed on February 7, 2007 (the “Schedule 13D”) by Eastbourne Capital Management, L.L.C (“Eastbourne”), Richard Jon Barry (“Barry”) and Black Bear Offshore Master Fund, L.P. (the “Offshore Fund” and, collectively with Eastbourne and Barry, the “Filers”), relating to shares of Common Stock of PYR Energy Corporation (the “Issuer”). All capitalized terms used in this Amendment and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D.

Item 4.

Purpose of Transaction.

On April 23, 2007, in connection with the concurrent execution by the Issuer of an Agreement and Plan of Merger (the “Merger Agreement”) with Samson Investment Company (“Parent”) and Samson Acquisition Corp. (“Purchaser”), the Offshore Fund and two of its affiliates, Black Bear Fund I, L.P. and Black Bear Fund II, L.L.C. (collectively, with the Offshore Fund, the “Eastbourne Parties”), entered into a Note Redemption Agreement with the Issuer and Parent. Pursuant to the Note Redemption Agreement, the Issuer shall, on a date no later than five business days following the purchase by Purchaser of shares of Stock in the tender offer contemplated by the Merger Agreement (such date, the “Redemption Date”), redeem the Notes held by the Eastbourne Parties for an amount in cash equal to the principal of and accrued interest on the Notes through the date immediately preceding the Redemption Date. The Eastbourne Parties agreed in the Note Redemption Agreement not to convert any of the Notes or to sell, transfer or otherwise convey the Notes prior to the Redemption Date, and further agreed to waive any preemptive rights they might have under the terms of the Notes that might arise in connection with any of the transactions contemplated by the Merger Agreement. The Note Redemption Agreement is an exhibit to this Amendment, and is incorporated herein by this reference in its entirety. The description contained in this Amendment of various terms of the Note Redemption Agreement does not purport to be complete and is qualified in its entirety by reference to the Note Redemption Agreement itself.

The Filers currently intend to tender the shares of Stock they hold (other than any shares they may be deemed beneficially to hold by virtue of their ownership of Notes) into the tender offer by Purchaser contemplated by the Merger Agreement. The Filers reserve the right, however, to determine not to so tender their shares of Stock and, among other things, to otherwise dispose of them if an alternative more attractive opportunity arises.

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

As noted above, the Offshore Fund, together with the other Eastbourne Parties, is party to the Note Redemption Agreement.

Item 7.

Material to be Filed as Exhibits.

 

The Exhibit Index is incorporated herein by reference.

 

 

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Schedule 13D

CUSIP No. 693677106

 

 

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge, I certify that the information set forth in this statement is true, complete and correct.

Dated: April 25, 2007

Eastbourne Capital Management, L.L.C.

By:  

/s/ Eric M. Sippel                              

  Eric M. Sippel
  Chief Operating Officer
   
   
Black Bear Offshore Master Fund, L.P.
By:  Eastbourne Capital Management, L.L.C. General Partner
   
   

By:  

/s/ Eric M. Sippel                              

  Eric M. Sippel
  Chief Operating Officer
   
   
  /s/ Richard J. Barry                              
  Richard J. Barry
   
   
   
   
   
   
   

 

 

 

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Schedule 13D

CUSIP No. 693677106

 

 

 

EXHIBIT INDEX

 

Exhibit A

Joint Filing Agreement, dated February 7, 2007, among Eastbourne Capital Management, L.L.C., Black Bear Offshore Master Fund, L.P. and Richard J. Barry. [Previously filed with the Schedule 13D.]

Exhibit 2

Note Redemption Agreement, dated as of April 23, 2007, by and among PYR Energy Corporation, Black Bear Fund I, L.P., Black Bear Fund II, L.L.C., Black Bear Offshore Master Fund, L.P. and Samson Investment Company, incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by PYR Energy Corporation with the Securities and Exchange Commission on April 24, 2007.

 

 

 

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