UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(a) of the Securities Exchange Act of 1934
Date of Report: March 13, 2006
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DALECO RESOURCES CORPORATION
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(Exact name of registrant as specified in Charter)
Nevada 0-12214 23-2860734
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(State or other jurisdiction (Commission (IRS Employee
of Incorporation) File No) Identification No.)
120 North Church Street, West Chester, Pennsylvania 19380
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(Address of principal executive offices)
Registrant's telephone number, including area code: 610-429-0181
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CF 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02.
Departure of Directors or Principals Officers, Election of Directors;
Appointment of Principal Officers:
On March 10, 2006, but effective as of January 15, 2006, the Board of
Directors appointed Mr. Richard A. Thibault Vice President-Minerals of the
Company.
RICHARD A. THIBAULT:
Mr. Thibault is a registered professional engineer, a member of the
Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the American
Institute of Mining Engineers (AIME). He holds a B.SC., with Honors in Mining
Engineering from Queens University in Kingston, Canada. He is also the recipient
of the District 5 Distinguished Service Award 1999, by the Canadian Institute of
Mining, Metallurgy and Petroleum.
Mr. Thibault has been involved in all aspects of mining engineering and
mine operations throughout his 28 year career. Feasibility and economic
justifications and conducting due diligence is part of his area of expertise.
Contract mining including contract management has also formed a part of his
experience.
Mr. Thibault worked numerous years in Canada for a large coal mining
company where he held positions of progressively more responsibility. He has
also spent the last decade working throughout South America. Initially as the
Vice President and General Manager of a junior mining company, then as the
Managing Director of an Industrial Minerals Company in Argentina. More recently
he has been based out of Santiago, Chile where he has worked as a mining
consultant and the General Manager of BGC-AVOT Ingenieria Ltda.
Mr. Thibault has been provided with a copy of this 8-K and has been
offered the opportunity to provide the Registrant with a letter stating whether
he agrees with the statements made by the Registrant in response to this Item
5.02 and, if not, stating the respects in which he does not agree. Should the
Registrant receive a letter from Mr. Thibault, the Registrant shall file same by
Amendment to this Form 8-K within two (2) business days after receipt of such a
letter by the Registrant.
Exhibits:
Attached as Exhibit 10.44 hereto is Mr. Thibault's Employment Agreement.
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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.
Daleco Resources Corporation
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(Registrant)
Date: March 13, 2006
/s/ Gary J. Novinskie
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Gary J. Novinskie, President
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