As filed with the Securities and Exchange Commission on July 14, 1999
REGISTRATION NO. 333-18821
- ------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------
POST EFFECTIVE AMENDMENT NO. 1
TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
--------------------------
AMERICAN RESOURCES OFFSHORE, INC.
(Formerly named American Resources of Delaware, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 86-0713506
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
160 Morgan Street, P.O. Box 87, Versailles, Kentucky 40383
(606) 873-5455
(Address, including zip code, and telephone number, including
area code, of registrant's principal executive office)
--------------------------
Rick G. Avare, President
American Resources Offshore, Inc.
160 Morgan Street, P.O. Box 87
Versailles, Kentucky 40383
(Name, address, including zip code, and telephone number,
including area code, of agent for service of process)
Copy to:
Phillip E. Allen
Attorney at Law
The Market Place, Suite 130
12910 Shelbyville Road
Louisville, Kentucky 40243
--------------------------
Page 1 of 7 Pages
<PAGE>
This Form S-3 is amended to deregister the following number
of shares of Common Stock of the Company held by or issuable to
the Selling Stockholders named below:
Number of
Shares of
Common
Stock Being
Deregistered
------------
Name
- ----
Arnold
Bernstein(1) 10,000
Clarence E. Miller
Trust Family Trust
& Ada M. Miller
Trust(1) 30,000
Southwest
Marketing(1) 10,000
Delaware Charter
Cust FBO Jesse
Miller IRA(1) 5,000
Roger Zufferey(1) 5,000
Don G. Henry(1) 10,000
Delaware Charter
Cust FBO R. J.
Godfrey(1) 10,000
Walter J.
Schultz(1) 5,000
Michael J.
Skinner (1) 5,000
Gerard J.
Mc Lain(1) 5,000
Hattem Family
Trust(1) 10,000
Walter C.
Shiller(1) 10,000
Page 2 of 7 Pages
<PAGE>
Number of
Shares of
Common
Stock Being
Deregistered
------------
Name
- ----
Delaware Charter
GTY & Trust Co
IRA FBO Henry
Myatake(1) 40,000
Frank L. Leyba
& Kay D. Leyba
JTWOS(1) 5,000
Barbara V.
Schiller(1) 20,000
Ronald
Iannelli(1) 10,000
Charles Smith(1) 20,000
Ronald K.
Setzkorn(1) 10,000
Howard C. Chiten
& Charlotte D.
Chiten(2) 15,000
Charles Schwab &
Co. Inc. FBO
Jimmy D.
Moore(1) 10,000
Harris Partnership
J. Andrews Harris
G.P.(3) 20,000
Pro-Systems Fab,
Inc. (3) 20,000
James S.
Sanders(1) 5,000
R. Marc Voit(1) 5,000
Wesley D.
Mitchell(1) 10,000
Page 3 of 7 Pages
<PAGE>
Number of
Shares of
Common
Stock Being
Deregistered
------------
Name
- ----
Robert W. Tobin(4) 10,000
The McKay Restated
Revocable Living
Trust UTA dated
3-23-94, Horace
F. McKay, Jr.,
Elmyra K. McKay
Trustees(1) 10,000
Roger O.
Zufferey(1) 5,000
Walter Hines &
Mary Hines
JTWROS(1) 10,000
David Baum &
Hiram Baum(1) 5,000
Hans Mulyapatera
& Benita
Mulyapatera(4) 10,000
Gregory G.
Ebbitt(3) 20,000
Paul R.
Eberle(1) 28,333
Henry Bookspan(1) 33,334
Prima Capital,
LLC (5) 147,482
Rick G. Avare
(5) 195,000
Mordechai
Guary(6) 82,500
Keren Tain Yad(6) 49,500
Yoel Mann(6) 16,500
Page 4 of 7 Pages
<PAGE>
Number of
Shares of
Common
Stock Being
Deregistered
------------
Name
- ----
Sam Malamud(7) 19,400
W.H. Rosenbaum(1) 20,000
Sheldon E.
Goldstein(8) 5,000
Scott Goldstein
(8) 5,000
Settondown
Capital
International
Ltd. (8) 18,333
Manchester
Asset
Management,
Ltd.(8) 18,333
Pegasus
Investment
Holdings,
Ltd. (8) 33,334
Colel Chabad
(8) 15,000
Econor
Investments,
Inc. (8) 5,000
Peter H.
Holz(5) 3,860
William
J. Holz(5) 3,861
- --------------------------------
(1) 50% of the shares are issuable upon exercise of the Company's
1995 Class A Warrants, and 50% of the shares are issuable upon
exercise of the Company's 1995 Class B Warrants.
Page 5 of 7 Pages
<PAGE>
(2) 5,000 shares are issued and outstanding, 5,000 shares are
issuable upon the exercise of the Company's 1995 Class A Warrants
and 5,000 are issuable upon the exercise of the Company's 1995
Class B Warrants.
(3) 10,000 shares are issued and outstanding, 5,000 shares are
issuable upon the exercise of the Company's 1995 Class A
Warrants, and 5,000 shares are issuable upon the exercise of the
Company's 1995 Class B Warrants.
(4) 5,000 shares are issued and outstanding, 2,500 shares are
issuable upon the exercise of the Company's 1995 Class A
Warrants, and 2,500 shares are issuable upon the exercise of the
Company's 1995 Class B Warrants.
(5) All shares are issued and outstanding.
(6) All shares are issuable upon the exercise of the Company's
1996 Class A Warrant.
(7) 2,900 shares are issued and outstanding and 16,500 shares are
issuable upon the exercise of the Company's 1996 Class A Warrant.
(8) All shares issuable upon exercise of World Capital Funding,
Inc. options.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933,
the Registrant certifies that it has reasonable grounds to
believe that it no longer meets all of the requirements for
filing on Form S-3 and has duly caused this Post Effective
Amendment No. 1 to Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City
of Versailles, State of Kentucky, on the 8th day of July 1999.
AMERICAN RESOURCES OFFSHORE, INC.
(Formerly named American Resources
of Delaware, Inc).
By: /s/ Rick G. Avare
-------------------------------
Rick G. Avare
President and Chief
Executive Officer
Page 6 of 7 Pages
<PAGE>
Pursuant to the requirements of the Securities Act of 1933,
this Post Effective Amendment No. 1 to Registration Statement has
been signed by the following persons in the capacities and on the
dates indicated:
Signature Title Date
- --------- ----- ----
Director and July , 1999
- --------------------- -
Douglas L. Hawthorne Chairman of
the Board
/s/ Rick G. Avare Director, July 8, 1999
- ---------------------
Rick G. Avare President
and Chief
Executive
Officer
/s/ Ralph A. Currie Vice President, July 8, 1999
- ---------------------
Ralph A. Currie Chief Financial
Officer (Principal
Accounting Officer)
/s/ David Fox, Jr. Director July 8, 1999
- ---------------------
David Fox, Jr.
/s/ Leonard K. Nave Director July 8, 1999
- ---------------------
Leonard K. Nave
/s/ Len Aldridge Director July 8, 1999
- ---------------------
Len Aldridge
Director July , 1999
- -------------------- -
Robert L. McIntyre
Director July , 1999
- -------------------- -
Joseph P. Shields
Page 7 of 7 Pages
