Galaxy Energy Corp - Current report filing (8-K)
15 Abril 2008 - 10:26AM
Edgar (US Regulatory)
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 14, 2008
GALAXY
ENERGY CORPORATION
(Exact
name of registrant as specified in its charter)
Colorado
(State
or other jurisdiction of incorporation)
|
1-32682
(Commission
File
Number)
|
98-0347827
(IRS
Employer
Identification
No.)
|
1331
– 17th Street, Suite 1050, Denver, Colorado 80202
(Address
of principal executive
offices) (Zip
Code)
Registrant’s
telephone number, including area code
(303) 293-2300
Not
applicable
(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):
[
] 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))
Item
3.01
|
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
Transfer of Listing
|
On April
14, 2008, Galaxy Energy Corporation received a notice from the American Stock
Exchange (“AMEX”) staff indicating its determination to prohibit the continued
listing of Galaxy’s common stock and to initiate delisting
proceedings. At a hearing held on April 8, 2008, a Listing
Qualifications Panel of the Amex Committee on Securities found that Galaxy’s
financial condition and operating results are below the applicable quantitative
standards set forth in Sections 1002 and 1003(a) of the Amex Company
Guide. In addition, AMEX cited the fact that Galaxy is in violation
of other sections of the Amex Company Guide: Section 1003(a)(iv) due
to being financially impaired, Section 1003(a)(f)(v) based on its failure to
execute the reverse stock split deemed appropriate by the staff, Section 704
based on its failure to hold an annual meeting of its stockholders during fiscal
year 2007, and Sections 134 and 1101 due to its failure to file its Form 10-K
for the fiscal year ended November 30, 2007 by the required
deadline.
AMEX has
indicated that it will continue its current suspension of trading in Galaxy’s
common stock and file an application with the Securities and Exchange Commission
to strike Galaxy’s common stock from listing and registration when and if
authorized.
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.
|
GALAXY
ENERGY CORPORATION
|
April
15, 2008
|
By:
/s/ Christopher S.
Hardesty
|
|
Christopher S.
Hardesty
Chief Financial
Officer
|
2
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