UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of DECEMBER, 2006.
Commission File Number: 0-30196
HALO RESOURCES LTD
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(Translation of registrant's name into English)
#1305 - 1090 West Georgia Street, Vancouver, British Columbia, V6E 3V7, Canada
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F: FORM 20-F [X] FORM 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): _______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _______
Indicate by check mark whether the registrant by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES [ ] NO [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3- 2(b): 82-_____________
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 of the
undersigned, thereunto duly authorized.
HALO RESOURCES LTD.
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Date: December 14, 2006 /s/ Marc Cernovitch
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Marc Cernovitch
President and CEO
HALO RESOURCES LTD.
#1280 - 625 HOWE STREET
VANCOUVER, BC V6C 2T6
TEL: (604) 484-0068 FAX: (604) 484-0069
TSXV SYMBOL: HLO OTCBB SYMBOL: HLOSF
FRANKFURT EXCHANGE: HRL
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HALO SIGNS A DEFINITIVE AGREEMENT FOR ADDITIONAL
SHERRIDON MANITOBA PROPERTIES
VANCOUVER, BC, DECEMBER 14, 2006 - MR. MARC CERNOVITCH, PRESIDENT AND CEO OF
HALO RESOURCES LTD. (TSX.V: HLO, OTC.BB:HLOSF, FSE:HRL) is pleased to announce
the signing of a definitive purchase agreement with Endowment Lakes (2002)
Limited Partnership ("EL"), whereby Halo will acquire a 100% interest in and to
ten mineral claims (the "EL Claims") located in the Eagle's Nest Lake, Meat Lake
and QM Lake areas in the Sherridon area of Manitoba.
The addition of these ten claims will bring the Halo Sherridon property to 88
claims with a total combined area of 188 square kilometers. The claims are
strategically located within the Sherridon dome structure and Meat Lake basin
structure respectively and represent significant examples of the mineral
potential within Halo's Sherridon VMS district. These properties will play an
important role in Halo's plans to explore for high-grade volcanogenic massive
sulphide deposits similar to those found in the nearby Snow Lake area of
Manitoba.
Under the terms of definitive purchase agreement, Halo has agreed to acquire a
100% interest in the EL Claims in consideration for$90,000 in cash and 160,000
Halo common shares issued from treasury. EL will also be granted a 1% net
smelter royalty in the EL Claims of which 1/2% can be purchased at any time by
Halo for $500,000. The definitive agreement also provides that Halo will be
entitled to purchase any rights acquired by EL in and to any mining claims
within a one (1) kilometer area from the perimeter boundaries of the EL Claims.
The closing of the transaction is subject to Halo receiving all required
approvals, including the approval of the TSX Venture Exchange.
The Company also wish's to correct two typographic errors in its November 27,
2006 news release concerning the amendments and granting of its stock options.
Specifically, the extension of expiry of 450,000 stock options at $0.60 per
share, not $0.45 per share as previously noted, and the granting of 1,547,000
stock options at $0.45 per share, not 450,000 stock options as previously noted.
HALO RESOURCES LTD.
Halo is a Canadian-based resource company focused on the acquisition of near
production base and precious base metal deposits. Currently the Company owns or
has an interest in 4 projects: Duport, which is an advanced stage gold project;
Bachelor Lake, which is a gold exploration project, QuarterMoon which is a grass
-2-
roots gold project, and the Sherridon project that comprises a combination of
mature and grassroots VMS copper, zinc and gold exploration opportunities. The
Company is operated by an experienced management team and backed by a strong
network of mining financiers. The Company's growth strategy is to develop a
diversified portfolio of advanced mining projects.
ON BEHALF OF THE BOARD
/s/ Marc Cernovitch
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Marc Cernovitch, President and CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release. Except for the historical statements
contained herein, this news release presents "forward looking information"
within the meaning of the United applicable Canadian securities lawsthat involve
inherent risks and uncertainties. Forward-looking information includes, but are
not limited to, statements with respect to the future price of gold and other
minerals and metals, the estimation of mineral reserves and resources, the
realization of mineral reserve estimates, the capital expenditures, costs and
timing of the development of new deposits, success of exploration activities,
permitting time lines, requirements for additional capital, government
regulation of mining operations, environmental risks, unanticipated reclamation
expenses, title disputes or claims and limitations on insurance coverage.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of Halo to be materially different from those
expressed or implied by such forward-looking information, including but not
limited to: risks related to the integration of acquisitions; risks related to
joint venture operations; actual results of current exploration activities;
actual results of current or future reclamation activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; future prices of gold and other minerals and metals; possible
variations in ore reserves, grade or recovery rates; failure of equipment or
processes to operate as anticipated; accidents, labour disputes and other risks
of the mining industry; and delays in obtaining governmental approvals or
financing or in the completion of development or construction activities.
Although the management and officers of Halo Resources Ltd. believe that the
expectations reflected in such forward-looking information are based upon
reasonable assumptions and have attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking informations Halo
does not undertake to update any forward-looking information that are
incorporated by reference herein, except in accordance with applicable
securities laws. Trading in the securities of Halo Resources Ltd. should be
considered highly speculative.
For further information, please contact:
Marc Cernovitch, President & CEO
Halo Resources Ltd.
Tel: 604-484-0068
Fax:604-484-0069
Toll Free: 1-866-841-0068
mcernovitch@halores.com