UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                 FIRST AMENDMENT
                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(A) OF THE SECURITIES EXCHANGE ACT OF 1934


Date of Report: June 22, 2005 Amending Registrant's Form 8-K dated
                February 16, 2005
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                          DALECO RESOURCES CORPORATION
               --------------------------------------------------
               (Exact name of registrant as specified in Charter)


                                                                     
          Nevada                                0-12214                                23-2860734
- -----------------------------             --------------------             ---------------------------------
(State or other jurisdiction              (Commission File No)             (IRS Employee Identification No.)
    of Incorporation)


            120 North Church Street, West Chester, Pennsylvania 19380
            ----------------------------------------------------------
                    (Address of principal executive offices)

Registrant's telephone number, including area code: 610-429-0181
                                                    ------------

         --------------------------------------------------------------
         (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 obligations 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 CF 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))


ITEM 8.01 The Registrant amends Registrant's Form 8-K dated February 16, 2005,
regarding the Registrant having entered into a Development and Operating
Agreement ("Agreement") with Tecumseh Professional Associates, Inc., a New
Mexico Company ("TPA") for the management, development, exploitation and
marketing ("Development") of the Company's Calcium Carbonate interests, located
in Cibola County, New Mexico ("CACO3), to correct a typographical error in the
reporting of Registrant's IRS employee identification number. The proper number
should be 23-2860734.

                                   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.

                                                Daleco Resources Corporation
                                                ----------------------------
                                                         (Registrant)


Date: June 23, 2005
                                                   /s/ Gary J. Novinskie
                                                ----------------------------
                                                Gary J. Novinskie, President


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