Attached files
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| EX-99.1 - PRESS RELEASE - TRI VALLEY CORP | tv122110pr.htm |
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 (Date of earliest event reported):
December 21, 2010
TRI-VALLEY CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
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001-31852
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94-1585250
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(State or other jurisdiction of incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification No.)
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4550 California Avenue, Suite 600
Bakersfield, California 93309
(Address of principal executive office)
Issuer's telephone number: (661) 864-0500
Section 1 Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On December 21, 2010, Tri-Valley Corporation entered into a definitive agreement with Columbia River Carbonates for the sale of its Admiral Calder calcium carbonate quarry located on Prince of Wales Island in Alaska. The total purchase price was $2.5 million, structured in an all-cash transaction. The sales agreement contained standard terms and conditions, including representations and warranties from Tri-Valley, that are common in the mining industry. The attached press release describes the sale.
Section 2 Financial Information
Item 2.01 Completion of Disposition of Assets
On December 23, 2010, Tri-Valley completed the sale of its Admiral Calder calcium carbonate quarry, located on Prince of Wales Island in Alaska, to Columbia River Carbonates. The transaction is described in Item 1.01 of this Report on Form 8-K and in the attached press release.
Section 9 Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 Press Release
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.
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TRI-VALLEY CORPORATION
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Date: December 23, 2010
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/s/Maston N. Cunningham
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Maston N. Cunningham, President and Chief Executive Officer
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