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: September 15, 2006 DALECO RESOURCES CORPORATION ------------------------------------------------------------------------ (Exact name of registrant as specified in Charter) Nevada 0-12214 23-2860734 - ---------------------------- -------------------- ---------------------------------- (State or other jurisdiction (Commission File No) (IRS Employee Identification No.) of Incorporation) 120 North Church Street, West Chester, Pennsylvania 19380 (Address of principal executive offices) Registrant's telephone number, including area code: 610-429-0181 ---------------------------------------------------------------------------- (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 3.03. Material Modification to Rights of Security Holders By Unanimous Consent of the Board of Directors of Company effective as of September 15, 2006, the Expiration Date for the Participation Warrants issued in connection with the Company's $1,625,000 Private Placement Offering in September 2005, has been extended from September 16, 2006, until December 31, 2006. The Board of Directors also extended the Expiration Date for the Contingent Warrants issued in connection with the Company's $1,625,000 Private Placement Offering in September 2005, from September 16, 2007, until December 31, 2007. Other than the changes to the respective Expiration Dates, the terms and conditions of the Participation Warrants and Contingent Warrants remain unchanged in all respects. 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 ------------------------------------- (Registrant) Date: September 15, 2006 /s/ Gary J. Novinskie ------------------------------------- Gary J. Novinskie, President -2-