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| AALA.OB > SEC Filings for AALA.OB > Form 8-K on 17-Jul-2009 | All Recent SEC Filings |
17-Jul-2009
Financial Statements and Exhibits
AmerAlia and Sentient USA Resources Fund, L.P. ("Sentient"), are parties to a shareholder agreement governing their conduct as shareholders of Natural Soda Holdings Inc. ("NSHI"). Pursuant to Section 3.1 of this agreement, AmerAlia has received a notice to participate in additional funding of NSHI in the amount of $2,500,000. The additional financing will allow NSHI to fund the expansion of Natural Soda's nahcolite resources, explore further utilization of NSI's water rights and potential oil shale. AmerAlia's proportionate contribution to this additional financing is $450,000. Under the recapitalization agreement completed with Sentient and other parties in October 2008, AmerAlia had reserved $2,880,000 for NSHI capital calls.
NSHI's subsidiary, NSI, is currently engaged in an exploration and production cavity installation program which is expected to cost approximately $9 million over time. While NSI is generating sufficient free cash flow to provide for most of this expenditure, NSI needs the additional financing to fund the initial investment.
Consequently, AmerAlia and Sentient have completed the Contribution Agreement attached hereto as Exhibit 10.56 and advanced the required funding to NSHI.
Forward Looking Statements
AmerAlia's future conduct depends on a number of factors beyond our control, so we cannot assure you we will be able to conduct AmerAlia's operations as we contemplate in this report. This report contains various statements using the terms "may", "expect to", and other terms denoting future possibilities. They are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We cannot guarantee the accuracy of these statements as they are subject to a variety of risks beyond our ability to predict or control. These risks may cause actual results to differ materially from the projections or estimates contained in this report. These risks are discussed in our annual reports filed with the Securities and Exchange Commission.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
10.56 Contribution Agreement
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