Pure Cycle 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
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): February 24, 2012
(Exact name of registrant as specified in its charter)
(Address of principal executive offices, including zip code)
Registrants telephone number, including area code: (303) 292-3456
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
This Current Report on Form 8-K is filed by Pure Cycle Corporation (the Registrant), a Colorado corporation, in connection with the matters described herein.
ITEM 8.01 OTHER EVENTS
The Registrant received a letter on behalf of High Plains A & M, LLC (High Plains), threatening to initiate a lawsuit against the Registrant alleging breaches of representations made in connection with the Asset Purchase Agreement entered into between the Registrant and High Plains on May 10, 2006, related to the purchase of the Registrants Arkansas River water and land. High Plains threatened claims relate to the issues currently being litigated by the Registrant in its lawsuit against the State of Colorado acting by and through its State Board of Land Commissioners (the Land Board) regarding the Registrants exclusive right to provide water service to the Land Boards Lowry Range property. As previously reported in the Registrants Current Report on Form 8-K filed with the Securities and Exchange Commission on December 19, 2011, the Registrant and the Rangeview Metropolitan District filed a suit on that date against the Land Board to protect the Registrants exclusive right to provide water to the Lowry Range.
The Registrant believes that the allegations of High Plains are without merit. The Registrant is fully prepared to enforce and protect its exclusive right to provide water service to the Lowry Range. The Registrant intends to vigorously defend any suit commenced by High Plains.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: February 24, 2012