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) August 31, 1999
ENVIRONMENTAL REMEDIATION HOLDING CORPORATION
(Exact name of registrant as specified in its charter)
Colorado 0-17325 88-0218499
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(State or other jurisdiction (Commission file number) (IRS Employer
of incorporation) Identification No.)
16101 La Grande Drive, Suite 100
Little Rock, AR 72223
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(Address of principal executive offices) (Zip Code)
Copy of Communications to:
Mercedes Travis, Esq.
Mintmire & Associates
265 Sunrise Avenue, Suite 204
Palm Beach, FL 33480
(561) 832-5696
Registrant's telephone number, including area code: (501) 821-2222
Item 2. Acquisition or Disposition of Assets.
On August 31, 1999, Environmental Remediation Holding Corporation
("ERHC") sold to Mountain Oil, Inc. ("Mountain Oil") pursuant to a purchase and
sale agreement (the "Purchase and Sale Agreement") all of its interest in
certain oil and gas leases and related property and equipment located in Uintah
and Duchesne Counties, Utah (the "Transferred Assets"). The consideration
provided by Mountain Oil under the Purchase and Sale Agreement included the
assumption by Mountain Oil of certain obligations and liabilities relating to
the Transferred Assets. Reference is hereby made to the specific terms and
conditions of the Purchase and Sale Agreement, which is filed herewith as
Exhibit 10.1 and incorporated herein in its entirety. The consideration provided
by Mountain Oil under the terms of the Purchase and Sale Agreement was
determined by arm's length negotiations between ERHC and Mountain Oil.
There are no material relationships between ERHC and Mountain Oil or
between any of their respective affiliates, directors, officers or associates.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
10.1 Purchase and Sale Agreement, dated August 31, 1999, between
Environmental Remediation Holding Corporation and Mountain Oil, Inc.
(The Purchase and Sale Agreement contains a detailed list of the
exhibits thereto. All such exhibits have been intentionally omitted.
ERHC will furnish supplementally a copy of any omitted exhibit to the
Commission upon request.)
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.
ENVIRONMENTAL REMEDIATION HOLDING CORPORATION
By: /s/ Geoffrey Tirman
Geoffrey Tirman
President and Chief Executive Officer
Date: September 9, 1999