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UNITED STATES FORM 8-K CURRENT REPORT November 25, 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
NORD RESOURCES CORPORATION
DELAWARE |
1-08733 |
85-0212139 |
1 West Wetmore Road, Suite 203 |
|
520-292-0266
Registrant's telephone number, including area code
Not applicable.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item |
Description |
1.01 |
Entry Into a Material Definitive Agreement |
9.01 |
Financial Statements and Exhibits |
2
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
Item 1.01 Entry Into a Material Definitive Agreement
On November 25, 2008, Nord Resources Corporation ("Nord") entered into an extension agreement (the "Extension Agreement") with JC Rock LLC ("JC Rock") in order to extend the term of the Agreement for Purchase and Sale of Waste Rock from the Johnson Camp Mine dated February 25, 2004 (the "Agreement"). The following summary of the Extension Agreement does not purport to be complete and is qualified in its entirety by reference to the Extension Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K.
Pursuant to the terms of the Extension Agreement, JC Rock may continue to process and sell Waste Rock from the Johnson Camp Mine through January 31, 2009. Further, JC Rock may continue to sell Waste Rock only in the ordinary course of business and will not liquidate or otherwise hold a "fire sale" of the Waste Rock. Upon termination of the Agreement JC Rock will stop selling the Waste Rock and all Waste Rock will remain the property of Nord. All other terms and conditions of the Agreement will remain in full force and effect.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit |
Description |
10.1 |
Fourteenth Amendment to the Agreement for Purchase and Sale of Waste Rock from the Johnson Camp Mine dated November 25, 2008 |
3
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.
NORD RESOURCES CORPORATION |
|
DATE: November 26, 2008 |
By: /s/ Wayne M. Morrison |
EXTENSION AGREEMENT
This Extension Agreement extends that Agreement for Purchase and Sale of Waste Rock from the Johnson Camp Mine dated February 25, 2004, by and between Nord Resources Corporation, a Delaware corporation (as Seller), and JC Rock, LLC, an Arizona limited liability company (as Purchaser), whose address is 6860 South Nogales Highway, Tucson, Arizona (the "Agreement").
BACKGROUND INFORMATION
A. The Agreement was entered into in 2004 and has been extended at various times by the parties. This Extension Agreement is intended to extend the Agreement through January 31, 2009, at which time the Agreement will terminate.
B. This Extension Agreement provides for said extension and certain terms of termination of the Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the extension of the Agreement and mutual covenants contained herein, the parties hereto agree as follows:
SELLER :NORD RESOURCES CORPORATION |
|
11/25/08 Date |
By: /s/ Wayne Morrison |
PURCHASER :JC ROCK, LLC |
|
11/24/08 |
By: /s/ James Rodman |
CONSENT:
The undersigned, by his signature below, consents and agrees to be bound by the provisions of this Extension Agreement.
11/18/08 |
/s/ Sean Hofhine SEAN HOFHINE |