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, 2007.
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 24, 2007 /s/ Marc Cernovitch
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Marc Cernovitch
Chairman
HALO RESOURCES LTD.
#2900A - 25 KING STREET
YORK, ON M9N 1K8
TEL: (416) 368-7045 FAX: (416) 368-9805
TSXV SYMBOL: HLO OTCBB SYMBOL: HLOSF
FRANKFURT EXCHANGE: HRL
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HALO ANNOUNCES PRIVATE PLACEMENT CLOSING
TORONTO, ONTARIO, DECEMBER 24, 2007 - LYNDA BLOOM, PRESIDENT AND CEO OF HALO
RESOURCES LTD. (THE "COMPANY") (TSXV:HLO; OTC.BB:HLOSF; FSE:HRL) announces the
closing of the private placement announced on December 7, 2007 by issuing a
total of 4,652,755 flow-through common shares ("FT SHARES") at a price of $0.47
per FT Share, and 3,273,292 non-flow through units ("NON FT UNIT") at a price of
$0.42 per Non-FT Unit, for total gross proceeds of $3,561,577. Each Non FT Unit
consists of one common share and one-half share purchase warrant ("NFT
WARRANT"). Each full NFT Warrant entitles the holder to acquire one common share
at a price of $0.60 per share until December 14, 2009.
Finders fees of 7.5% cash and 10% share purchase warrants ("FINDER'S WARRANTS")
were paid to various finders on a portion of the private placement. The Finders'
Warrants entitle the holders to acquire one common share of the Company until
December 14, 2009 at a price of $0.60 per share.
The securities issued in connection with the closing of the private placement
and the securities underlying those securities are subject to hold periods that
expire April 21, 2008.
The proceeds of the financing will be used for the exploration of the Company's
mineral properties in Canada and for general corporate purposes.
ABOUT 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 3 projects: Duport, which is an advanced stage gold project;
Red Lake, which is a gold exploration project, and the Sherridon project that is
a combination of mature and grassroots volcanogenic massive sulphide (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
Lynda Bloom, President and CEO
For further information, please contact:
Lynda Bloom, President & CEO or Marc Cernovitch, Chairman
Halo Resources Ltd.
Tel: 416-368-7045
Fax: 416-368-9805
Toll Free: 1-866-841-0068
lbloom@halores.com
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The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. This news release presents "forward looking
information" within the meaning of the applicable Canadian securities laws that
involve inherent risks and uncertainties. Forward-looking information includes,
but is not limited to, information with respect to the proposed private
placement. 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 financings; 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 information, 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 information Halo does
not undertake to update any forward-looking information referenced herein,
except in accordance with applicable securities laws. Trading in the securities
of Halo Resources Ltd. should be considered highly speculative.