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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 22, 2007
FOOTHILLS RESOURCES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA 001-31546 98-0339560
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
4540 CALIFORNIA AVENUE, SUITE 550
BAKERSFIELD, CALIFORNIA 93309
(Address of Principal Executive Offices, Including Zip Code)
(661) 716-1320
(Registrant's Telephone Number, Including Area Code)
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(Former Name or 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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On June 22, 2007, Foothills Resources, Inc. (the "Company"), certain
subsidiaries of the Company, and J. Aron & Company (the "Lender") entered into a
First Amendment, dated as of June 14, 2007 (the "Amendment"), to its existing
Credit and Guaranty Agreement, dated as of September 8, 2006 (the "Credit
Agreement") by and between Company, certain subsidiaries of Company, and Lender.
The Amendment, among other things, amended certain of the debt and interest
ratios in the Credit Agreement. The summary of the terms of the Amendment is
qualified in its entirety by the text of the Amendment, a copy of which is
attached to this Current Report on Form 8-K as Exhibit 10.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits. The following exhibit is furnished with this Form 8-K:
EXHIBIT NO. DESCRIPTION
Exhibit 10.1 First Amendment to Credit and Guaranty Agreement, dated as of
June 14, 2007, by and among Foothills Resources, Inc.,
certain subsidiaries of Foothills Resources, Inc., Various
Lenders, and J. Aron & Company.
SIGNATURES
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.
FOOTHILLS RESOURCES, INC.
Date: June 27, 2007 /s/ W. Kirk Bosche
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Name: W. Kirk Bosche
Title: Chief Financial Officer
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
Exhibit 10.1 First Amendment to Credit and Guaranty Agreement, dated as of
June 14, 2007, by and among Foothills Resources, Inc.,
certain subsidiaries of Foothills Resources, Inc., Various
Lenders, and J. Aron & Company.