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): December 17, 2003
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IMPERIAL PETROLEUM, INC.
(Exact name of registrant as specified in its charter)
NEVADA 0-9923 95-338601
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(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation)
11600 GERMAN PINES DRIVE, EVANSVILLE, IN 47725
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (812) - 867-1433
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ITEM 1. Changes in Control:
None.
ITEM 2. Acquisition or Disposition of Assets:
Registrant entered into and closed the sale of 23,885,000 shares of the common
stock of Powder River Basin Gas Corp., representing approximately 51.5% of the
issued and outstanding shares of Powder River on December 17, 2003 in connection
with an Stock Purchase Agreement ("Agreement") (See "Stock Purchase Agreement"
included herein) between Registrant and Renard Resources, Inc. ("Renard"). In
connection with the Agreement, Registrant (1.) retained 1,500,000 shares of the
common stock of Powder River Basin Gas Corp.; (2.) received $175,000 in cash
less $17,500 broker's fees; (3.) received an assignment of a 12.5% carried
working interest in and unto the leases owned by Powder River; (4.) received a
secured promissory note from Powder River in the amount of $47,884.47, secured
by stock owned by Renard; (5.) received a commitment from Renard to make
available to Powder River up to $750,000 in development capital and (6.)
received a commitment from Renard to acquire the convertible notes of Powder
River in the amount of $315,000. Mr. Jeffrey T. Wilson resigned as an officer
and director of Powder River and Mr. Brian Fox, president of Renard, was
appointed president and sole director of Powder River. As a result of the sale,
Powder River will no longer be a consolidated subsidiary of Registrant.
ITEM 7. Financial Statements and Exhibits:
Registrant is currently preparing financial statements to reflect the impact of
the sale of control of Powder River and such financial statements shall be
provided and filed in an amendment hereto as soon as practical but in no event
after sixty calendar days from the date of this filing.
SIGNATURE
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.
Imperial Petroleum, Inc.
By: ___________________
Jeffrey T. Wilson
President
Dated: December 29, 2003