U.S. SECURITIES AND EXCHANGE
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
November 10, 2011
NORTH AMERICAN ENERGY RESOURCES, INC.
(Exact Name of Registrant as Specified in
(State or Other Jurisdiction of
Incorporation or Organization)
|(Commission File Number)
||(I.R.S. Employer Identification No.)|
228 St. Charles Avenue., Suite 724, New Orleans,
(Address of principal executive offices
including zip code)
(Registrant’s telephone number, including
Item 5.02 Election of Directors; Compensatory
On November 10, 2011,
North American Energy Resources, Inc. (the “Company”), by unanimous consent of its Board of Directors, increased the
number of directors from three (3) to four (4). On the same date, November 10, 2011, the Board of Directors unanimously consented
to the appointment Larry D. Hall as the fourth director.
Larry D. Hall, 69, previously
served as a chairman and chief executive officer of KN Energy, Inc. a diversified and integrated natural gas company formerly listed
on the NYSE until its merger with Kinder Morgan, Inc. in 1999. Mr. Hall has also served as a director of the Interstate Natural
Gas Association of America, of the Colorado Association Commerce and Industry, of the Mountain States Employers’ Council,
Inc., and of the Public Education and Business Coalition. In 2000, Mr. Hall started CPS Investments, LLC in Denver, Colorado where
he undertook a $150 million project developing condominiums, townhomes, and apartment space. Mr. Hall also has served as a director
of Magnum Technologies, Inc., an information technology service management and business impact management software company. Mr.
Hall earned a Bachelor of Arts degree in business and a Juris Doctor degree, with honors, from the University of Nebraska.
The Company granted Mr.
Hall Warrant Certificate #NAEY 004 (the "Warrant"), with the following primary terms and conditions:
Warrant entitles the owner to purchase 500,000 shares of common stock of the Company at a strike price of $0.180 per share.
b) The Warrant vests
immediately and must be exercised within five years of the issuance date.
c) The Warrant contains
price protection should shares be used for an acquisition at a price lower than the conversion price in force and the anti dilution
provision does not apply to financings done below the strike price.
d) The Warrant shall
be registered in the first registration statement the Company files, subject to legal counsel approval.
Item 9.01 Financial Statements and
The following exhibits are furnished
as a part of this Current Report on Form 8-K:
Release issued by North American Energy Resources, Inc. on November 10, 2011.
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.
NORTH AMERICAN ENERGY
By: s/Clinton W.
Clinton W. Coldren,
Chief Executive Officer
| DATE: November 10, 2011