UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Post Effective Amendment No. 1 to Form S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
AmeriResource Technologies, Inc.
(Exact name of registrant as specified in its charter)
Delaware 84-1084784
-------- ----------
(State or Other Jurisdiction (I.R.S. Employer
of Incorporation or Organization) Identification Number)
3440 E. Russell Road, Suite 317, Las Vegas, Nevada 89120
--------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
2005 Stock Incentive Plan
-------------------------
(Full Title of the Plan)
Delmar Janovec, 3430 E. Russell Road, Suite 317, Las Vegas, Nevada 89120
------------------------------------------------------------------------
(Name, Address, Including Zip Code, of Agent for Service)
Telephone number, including area code, of agent for service: (702) 214-4249
--------------
CALCULATION OF REGISTRATION FEE
================================ ==================== ===================== ===================== ==================
Proposed Maximum Proposed Maximum
Title of Securities to be Amount of Shares Offering Price Per Aggregate Offering Amount of
Registered to be Registered Share (1) Price Registration Fee
-------------------------------- -------------------- --------------------- --------------------- ------------------
Common Stock,
par value $0.0001 30,000,000 $0.02 $600,000 $70.62
================================ ==================== ===================== ===================== ==================
(1) Rule 457(h) of the Securities Act of 1933, based on the average
bid and asked price of the registrant's common stock as of April
25, 2005, a date within five business days prior to the date of
filing of this registration statement.
In addition, pursuant to Rule 416 under the Securities Act of 1933, as amended,
this registration statement also covers an indeterminate amount of interests to
be offered or sold pursuant to the plan described herein.
EXPLANATORY NOTE
This Post-Effective Amendment No. 1 to the Registration Statement on
Form S-8 of AmeriResource Technologies, Inc. (the "Registrant") is being filed
pursuant to General Instruction E of Form S-8 in connection with the
registration of an additional thirty million (30,000,000) shares of the
Registrant's common stock, $0.0001 par value per share ("Common Stock"). The
contents of the Registration Statement on Form S-8 (File No. 333-124381), filed
by the Registrant with the Securities and Exchange Commission on April 27, 2005
under which twenty-five million shares of Common Stock were registered for
issuance, are incorporated by reference.
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
The Exhibit Index preceding the exhibits is incorporated by reference
herein.
2
SIGNATURES
Pursuant to the Requirements of the Securities Act of 1933, as amended,
the Registration certifies that it has reasonable grounds to believe that it
meets all the requirements for filing on S-8 and has duly caused this
Post-Effective No. 1 to the Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the city of Las Vegas, State of
Nevada on September 30, 2005.
AMERIRESOURCE TECHNOLOGIES, INC.
/s/ Delmar Janovec
-------------------------
Delmar Janovec, President
Pursuant to the requirements of the Securities Act of 1933, as amended, this
Post-Effective Amendment No. 1 to the registration Statement has been signed by
the following persons in capacities representing the majority of the
Registrant's Board of Directors and on the dates indicated.
NAME TITLE DATE
President, Chief Executive Officer, September 30, 2005
/s/Delmar Janovec Principal Financial Officer,
----------------- Principal Financial Officer,
Delmar Janovec Principal Accounting Officer, and
Chairman of the Board of Directors
3
EXHIBIT INDEX
ITEM NO. PAGE NO. DESCRIPTION
5.1 5 Opinion of Legal Counsel.
10.1 * AmeriResource 2005 Stock Incentive Plan.
(Incorporated by reference from the Company's
Form S-8, file number 333-124381, effective on
April 27, 2005.)
23.1 7 Consent of Auditors to utilize independent
auditor's report
4
Exhibit 5.1
(Woltjen Law Firm Letterhead)
September 30, 2005
The Board of Directors
AmeriResource Technologies, Inc.
3430 E. Russell Road, Suite 317
Las Vegas, Nevada 89120
To the Board of Directors of AmeriResource Technologies, Inc.:
AmeriResource Technologies, Inc., a Delaware corporation (the "Company"), has
informed Woltjen Law Firm (the "Firm"), of its intention to file on or about
September 23, 2005, a Post-Effective Amendment No. 1 to the registration
statement on Form S-8 under the Securities Act of 1933, as amended
("Registration Statement"), concerning Thirty Five Million (30,000,000) shares
(the "Shares") of its common stock, par value $0.0001 ("Common Stock"), with the
Securities and Exchange Commission ("SEC"). In connection with the filing of the
Registration Statement, you have requested the Firm's opinion regarding the
issuance of Common Stock.
You have represented to the Firm that the Company is subject to the reporting
requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as
amended, that the Company is current in filing such reporting requirements with
the SEC and that the Company's board of directors has authorized the filing of
the Registration Statement. Based on these representations and to the best of
the Firm's knowledge, the Firm is of the opinion that the Common Stock will,
when sold, be legally issued, fully paid and non-assessable. This Opinion is
conditioned upon the above requirements being met.
The opinion set forth above is predicated upon and limited to the correctness of
the assumptions set forth herein, and is further subject to qualifications,
exceptions, and limitations set forth below:
A. The Firm expressly excepts from the opinion set forth herein any opinion
or position as to whether or to what extent a Delaware court, or any other
court, would apply Delaware law, or the law of any other state or
jurisdiction except the federal law of the United States of America, to any
particular aspect of the facts, circumstances and transactions that are the
subject of the opinion herein contained.
B. In rendering this opinion, the Firm assumed that the Company is
satisfying the various substantive requirements of Form S-8. The Firm,
therefore, expressly disclaims any opinion regarding the Company's
compliance with such requirements.
5
C. The Firm expressly excepts from the opinion set forth herein any opinion
concerning the need for compliance by any party, specifically by the
Company, with the provisions of the securities laws, regulations, and/or
rules of the United States of America, the State of Delaware, or any other
jurisdiction.
D. In expressing the opinion set forth herein, the Firm assumed the
authenticity and completeness of all corporate documents, records and
instruments provided to the Firm by the Company and its representatives.
The Firm assumed the accuracy of all statements of fact contained therein.
The Firm further assumed the genuineness of signatures (both manual and
conformed), the authenticity of documents submitted as originals, the
conformity to originals of all copies, or faxed copies, and the correctness
of all such documents. This opinion is conditioned on all of these
assumptions being correct.
E. The Firm expressly excepts from the opinion set forth herein any opinion
concerning the propriety of any issuance of any shares, or the
consideration tendered for such shares, and any opinion concerning the
tradability of any shares whether or not issued under the Registration
Statement.
F. The opinion contained herein is rendered as of the date hereof, and the
Firm undertakes no obligation to advise of any changes in or any new
developments which might affect any matters or opinions set forth herein,
and the Firm hereby disclaims any such obligation.
This Opinion may be relied upon by you only in connection with filing of the
Registration Statement, and the Firm hereby consents to the use of it as an
exhibit to the Registration Statement. This Opinion may not be used or relied
upon by you or any other person for any purpose whatsoever, without in each
instance the Firm's prior written consent.
Sincerely,
/s/ Woltjen Law Firm
Woltjen Law Firm
6
Exhibit 23
(Clyde Bailey, P.C. Letterhead)
September 21, 2005
Board of Directors
AmeriResource Technologies, Inc.
3440 E. Russell Road, Suite 217
Las Vegas, Nevada 89120
RE: Use of Financial Statements in Form S-8 Registration Statement
Dear Board of Directors:
As independent public accountants for AmeriResource Technologies, Inc., a
Delaware corporation (the "Company"), we hereby consent to the use of our report
included in the annual report of the Company on Form 10-KSB for the year ended
December 31, 2004 in the Company's Form S-8 registration statement.
Sincerely,
/s/ Clyde Bailey
----------------
Clyde Bailey, P.C.
7