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): May 26, 2000
CROWN ENERGY CORPORATION
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(Exact name of registrant as specified in its charter)
Utah 0-19365 87-0368981
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State or other jurisdiction Commission File No. IRS Employer ID #
of incorporation
215 South State, Suite 650, Salt Lake City, Utah 84111
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Address and zip code of principal executive offices
801-537-5610
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Registrant's telephone number
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This Current Report on Form 8-K includes a number of forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking statements
include, by way of illustration and not limitation, statements containing the
words "anticipates," "believes," "expects," "intends," "future" and words of
similar import which express, either directly or by implication, management's
beliefs, expectations or intentions regarding the Company's future performance
or future events or trends which may affect the Company or its results of
operations.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors, including but not limited to changes in
economic conditions generally or with respect to the Company's asphalt products
market in particular, new or increased governmental regulation, increased
competition, shortages in labor or materials, delays or other difficulties in
shipping or transporting the Company's products, technical or operational
difficulties, financing difficulties and interest rate risks, risks that third
parties will not grant required approvals or will do so only on unfavorable
terms and conditions, tax risks, and other similar risks inherent in the
Company's operations, in business operations generally or in the acquisitions
and transactions described below. Any such risks or uncertainties, either alone
or in combination with other factors, may cause the actual results, performance
or achievements of the Company to differ materially from its anticipated future
results, performance or achievements (which may be expressed or implied by such
forward looking statements). Interested persons are advised to consider all
forward-looking statements within the context of such cautionary factors.
Item 1. Changes in Control of Registrant
Not Applicable
Item 2. Acquisition or Disposition of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable
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Item 5. Other Events
On May 26, 2000, the Registrant received notice that MCNIC Pipeline &
Processing Company ("MCNIC") had elected to exercise its option to assume
operations as Operator of Crown Asphalt Ridge L.L.C.'s ("CAR") facility in
Vernal, Utah, effective June 26, 2000, from Registrant's wholly owned
subsidiary, Crown Asphalt Corporation ("CAC"). MCNIC has the right to replace
CAC as Operator by the CAR Operating Agreement and a January 20, 2000 letter
agreement. MCNIC will become Operator under a new Operating and Management
Agreement similar to that currently in effect.
MCNIC's assumption of CAR's operations will not affect CAC's (i) right
to serve as Operator for any additional plants built on CAR's tar sands leases,
or (ii) rights as a Member under CAR's Operating Agreement.
Item 6. Resignation of Registrant's Directors
Not Applicable
Item 7. Financial Statement, Pro Forma Financial Information and Exhibits
Not Applicable
Item 8. Changes in Fiscal Year
Not Applicable
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
CROWN ENERGY CORPORATION
/s/ Alexander L. Searl
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Alexander L. Searl, Chief Operating
Officer, Director
DATED: June 6, 2000
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