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: December 13, 2010
RANCHER ENERGY CORPORATION
--------------------------
(Exact name of registrant as specified in its charter)
Nevada 000-51425 98-0422451
------------------------------------- ---------------------- ---------------------------------
(State or other jurisdiction of (Commission File (IRS Employer Identification
incorporation) Number) Number)
999 18th Street, Suite 34000, Denver, CO 80202
----------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(303)629-1125
-------------
Registrant's telephone number, including area code
(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 obligation 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 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
Item 1.03 - Bankruptcy or Receivership.
Filing of Proposed First Amended Plan of Reorganization
On, Rancher Energy Corporation ("the Company") filed a voluntary petition for
relief under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy
Code") in the United States Bankruptcy Court for the District of Colorado (the
"Court") (Case number 09-32943) The Company has operated its business as
"debtor-in-possession" under the jurisdiction of the Court and in accordance
with the applicable provisions of the Bankruptcy Code.
On December 13, 2010, the Company filed with the Court its proposed Debtor's
First Amended Plan of Reorganization ("the Plan"). A proposed Disclosure
Statement For the First Amended Plan of Reorganization ("Disclosure Statement")
was filed simultaneously with the Plan. The Disclosure Statement must be first
approved by the Bankruptcy Court before it may be sent to creditors along with
the proposed Plan for voting on the Plan. Prior to confirmation and approval by
the Court, the Proposed First Amended Plan of Reorganization is subject to
amendment. To become effective, the Plan must be voted upon by creditors and
ultimately confirmed by the Bankruptcy Court.
The proposed First Amended Plan of Reorganization has not been confirmed by the
Court at the time of this filing. The Company can provide no assurances or
guarantees that such proposed First Amended Plan of Reorganization will be
confirmed or approved by the creditors or the Court.
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.
RANCHER ENERGY CORPORATION
By: /s/Jon Nicolaysen
-----------------
Jon Nicolaysen,
Chief Executive Officer
Date: December 14, 2010
