United Heritage Corp - Current report filing (8-K)
June 02 2008 - 5:24PM
Edgar (US Regulatory)
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): June 2, 2008 (May 27,
2008)
UNITED
HERITAGE CORPORATION
(Exact
name of registrant as specified in Charter)
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Utah
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0-9997
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87-0372864
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File No.)
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(IRS
Employee Identification
No.)
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One
Energy Square, Suite 200
4925
Greenville Avenue, Dallas, TX 75206
(Address
of Principal Executive Offices)
214-800-2663
(Issuer
Telephone number)
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).
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17
CFR240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)).
o
Pre-commencement
communications pursuant to Rule 13e-(c) under the Exchange Act (17 CFR
240.13(e)-4(c))
This
Form
8-K and other reports filed by United Heritage Corporation (the “Company”) from
time to time with the Securities and Exchange Commission (collectively the
“Filings”) contain forward looking statements and information that are based
upon beliefs of, and information currently available to, our management as
well
as estimates and assumptions made by our management. When used in the Filings
the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”,
“plan” or the negative of these terms and similar expressions as they relate to
us or our management identify forward looking statements. Such statements
reflect our current view with respect to future events and are subject to risks,
uncertainties, assumptions and other factors relating to our industry,
operations and results of operations and any businesses that we may acquire.
Should one or more of these risks or uncertainties materialize, or should the
underlying assumptions prove incorrect, actual results may differ significantly
from those anticipated, believed, estimated, expected, intended or planned.
On
May
27, 2008, the Registrant entered into a Letter of Intent with Wind Hydrogen
Limited (‘WHL’), to sell a 50% interest in 2,560 acres of its Wardlaw Field
acreage to WHL, a publicly-listed company on the Australian Stock Exchange
(‘ASX’). The Wardlaw lease is a 10,500 gross acre field located in Edwards
County, Texas, consisting of four (4) full mineral leases in which United
Heritage has a 100% working interest, and a 75% net revenue
interest.
The
WHL
joint venture is subject to the respective Parties’ satisfactory due diligence,
signing of definitive agreements, and WHL shareholder approval for a change
in
the nature of WHL’s activities at its upcoming general meeting of shareholders.
The payments will be staged during the development of the initial phase, with
10% having been received upon signing of the Letter of Intent. The joint venture
provides for an option to pursue two additional 2,560 acre phases, for a non
refundable option price, higher pricing and the same 50% carried interest by
the
Company in the amount advanced by WHL.
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Item 9.01
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Financial
Statements and Exhibits
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Exhibit
99
Press
Release
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this Current Report to be signed on its behalf by
the
undersigned hereunto duly authorized.
Dated:
June 2, 2008
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UNITED
HERITAGE CORPORATION
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By:
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/s/ Joseph
F. Langston Jr.
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Joseph
F. Langston Jr., President
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