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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): May 22,2000
DAUGHERTY RESOURCES, INC.
(Exact Name of Registrant as Specified in Its Charter)
PROVINCE OF BRITISH COLUMBIA, CANADA
(State or Other Jurisdiction of Incorporation)
0-12185 NOT APPLICABLE
(Commission File No.) (I.R.S. Employer Identification No.)
120 PROSPEROUS PLACE, SUITE 201
LEXINGTON, KENTUCKY 40509-1844
(Address of Principal Executive Offices)
(859) 263-3948
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS.
On November 3, 1997, pursuant to a Letter Agreement (the "Letter
Agreement") of the same date, the Company executed an Option Agreement that
granted Environmental Energy, Inc., subject to earning the options by
participating in oil and gas drilling ventures pursuant to the terms and
conditions of the Letter Agreement, the option to purchase up to 1,200,000
shares of the Company's Common Stock. On October 21, 1999, pursuant to the
Option Agreement and the Letter Agreement, the Company delivered an Option
Certificate dated August 20, 1999, to Environmental Energy, Inc. granting it
options to purchase 1,120,000 shares of the Company's Common Stock at an initial
exercise price of One Dollar (US $1.00) per share.
The Company is submitting the Option Agreement and underlying Option
Certificate to it's shareholders for ratification, affirmation and approval at
Company's Annual Meeting to be held June 29, 2000 at 625 Howe Street, Suite 700,
Vancouver, British Columbia, Canada, at 10:00 a.m., Vancouver, British Columbia
time, and has included the submission for ratification, affirmation and approval
in the Company's Proxy Statement and Proxy being sent to all shareholders on
June 2, 2000.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
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20. (a). Option Agreement dated November 3, 1997
(b). Option Certificate dated August 20, 1999.
24. Powers of Attorney
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.
DAUGHERTY RESOURCES, INC.
Date: May 22, 2000 By /s/ William S. Daugherty
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William S. Daugherty,
Chairman of the Board and President
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