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 3, 1997
CHAPARRAL RESOURCES, INC.
----------------------------------------------------
(Exact name of registrant as specified in its charter)
Colorado 0-7261 84-0630863
- ---------------------------- ------------------- -------------------
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
3400 Bissonnet Street, Suite 135, Houston, Texas 77005
------------------------------------------------ -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 669-0932
<PAGE>
Item 5. OTHER EVENTS.
- ---------------------
On November 14, 1997, Heartland, Inc. of Wichita and Collins & McIlhenny,
Inc. ("Plaintiffs") filed a lawsuit against the Company, Howard Karren, Whittier
Trust Company and James A. Jeffs in the District Court of Harris County, Texas.
The Company was served with the Complaint on December 3, 1997. Plaintiffs claim
that the Company breached an alleged agreement with them whereby Plaintiffs were
to raise capital for the Company through a private placement of the Company's
securities, that the Company and Mr. Karren made false representations in
connection with the alleged contract and that Whittier Trust Company and James
A. Jeffs interfered with the Company's performance of the alleged contract.
Plaintiffs are seeking actual damages of $3,435,000 and exemplary damages of
$25,000,000 from each defendant, plus attorneys' fees.
2
<PAGE>
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.
Date: December 12, 1997
CHAPARRAL RESOURCES, INC.
By: /s/ Howard Karren
-------------------------------
Howard Karren, President
3
