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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): JUNE 28, 2004
NGAS RESOURCES, INC.
(FORMERLY, DAUGHERTY RESOURCES, INC.)
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
PROVINCE OF BRITISH COLUMBIA 0-12185 NOT APPLICABLE
(STATE OR OTHER JURISDICTION OF (COMMISSION (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) FILE NUMBER) IDENTIFICATION NO.)
120 PROSPEROUS PLACE, SUITE 201
LEXINGTON, KENTUCKY 40509-1844
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (859) 263-3948
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ITEM 5. OTHER EVENTS
On June 25, 2004, following approval at its annual meeting of
shareholders, Daugherty Resources, Inc. implemented a change in corporate name
to NGAS Resources, Inc., as described in a press release included as an exhibit
to this report and incorporated herein by reference. The name change was
implemented in connection with a corporate transition under the new business
corporation law in British Columbia, Canada, our jurisdiction of incorporation.
As part of the corporate transition, our shareholders also approved changes to
our governing articles to increase the quorum requirement for shareholder
meetings from 10% to one-third of the outstanding shares, to decrease the voting
threshold on most shareholder matters from three-fourths of the shares voting to
two -thirds and to authorize our board of directors to create one or more series
of preferred shares with special rights or restrictions. A copy of the new
articles is attached as an exhibit to this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
EXHIBIT
NUMBER EXHIBIT
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3.1 Notice of Articles, certified on June 3, 2004 by the Registrar of
Corporations under the British Columbia Business Corporations Act.
3.2 Alteration to Notice of Articles as filed on June 25, 2004
with the Registrar of Corporations under the British Columbia
Business Corporations Act.
3.3 Articles dated June 25, 2004, as amended and restated under the
British Columbia Business Corporations Act.
20.1 Press Release dated June 28, 2004.
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 thereunto duly authorized.
NGAS RESOURCES, INC.
(formerly, Daugherty Resources, Inc.)
Date: June 28, 2004 By: /s/ William S. Daugherty
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William S. Daugherty
Chief Executive Officer
(Duly Authorized Officer)
(Principal Executive Officer)