<SEC-DOCUMENT>0000788965-11-000022.txt : 20110527
<SEC-HEADER>0000788965-11-000022.hdr.sgml : 20110527
<ACCEPTANCE-DATETIME>20110526181955
ACCESSION NUMBER:		0000788965-11-000022
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110525
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110527
DATE AS OF CHANGE:		20110526

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HALLADOR ENERGY CO
		CENTRAL INDEX KEY:			0000788965
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE MINING [1220]
		IRS NUMBER:				841014610
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1224

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34743
		FILM NUMBER:		11875615

	BUSINESS ADDRESS:	
		STREET 1:		1660 LINCOLN ST STE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264
		BUSINESS PHONE:		3038395505

	MAIL ADDRESS:	
		STREET 1:		1660 LINCOLN STREET
		STREET 2:		SUITE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HALLADOR PETROLEUM CO
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK OIL & GAS CO /CO/
		DATE OF NAME CHANGE:	19900102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK INC
		DATE OF NAME CHANGE:	19860624
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dividend2011.htm
<DESCRIPTION>2011 ANNUAL MEETING AND DIVIDEND
<TEXT>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">CURRENT REPORT</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Pursuant to Section 13 or 15(d) of the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 12pt">Securities Exchange Act of 1934</font><font style="DISPLAY: inline; FONT-FAMILY: Arial">&#160;</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Date of report (Date of earliest event reported): May 26, 2011 (May 25, 2011)</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">HALLADOR ENERGY COMPANY</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">(Exact name of registrant as specified in its charter)</font></div>

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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">001-3473</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt; TEXT-DECORATION: underline"><font style="DISPLAY: inline">84-1014610</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">(State or Other Jurisdiction</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">of Incorporation)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">Identification No.)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160;&#160;&#160; <font style="DISPLAY: inline">1660 Lincoln Street, Suite 2700, Denver Colorado</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; (Address of principal executive offices)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">Registrant&#8217;s telephone number, including area code: 303-839-5504</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">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:</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Item&#160;5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font></div>

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<div>&#160;</div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">On May 25, 2011&#160;our Board of Directors declared a special cash dividend of $0.12 per common share of which there are 28,135,620 outstanding. The cash dividend will be payable June 17, 2011 to shareholders of record at the close of business June 3, 2011</font></div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">Furthermore, the board approved that the $.12 dividend would also apply to the 858,000 outstanding restricted stock units and to the 200,000 outstanding stock options.&#160; The total cash payment for all the outstanding securities will be about $3.5 million.</font></div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">Victor Stabio, our CEO, will receive a cash payment of $53,700 for his 247,500 outstanding RSUs and 200,000 outstanding stock options; Brent Bilsland, our President, will receive a cash payment of $22,500 for his 187,500 outstanding RSUs; Andy Bishop, our CFO, will receive a cash payment of $18,000 for his 150,000 outstanding RSUs and Larry Martin, the CFO of our wholly- owned subsidiary, Sunrise Coal, will receive a cash payment of $3,000 for his 25,000 outstanding RSUs.&#160;&#160;These payments are exclusive of the cash payments the four officers will each receive pursuant to their respective stock ownership.</font></div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Item&#160;5.07:&#160;&#160;Submission of Matters to a Vote of Security Holders</font></div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">We held our annual meeting of shareholders on May&#160;25, 2011. Of the 28,135,620 shares of common stock outstanding on the record date, 26,680,458 shares were present at the meeting in person or by proxy, representing approximately 95% of the total outstanding shares eligible to vote. The final results for each of the matters submitted to a vote of shareholders at the annual meeting are as follows:</font></div>

<div>&#160;</div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Item 1:&#160; Election of Directors</font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For</font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">&#160;Withheld</font></div>
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<td valign="top" width="3%" style="TEXT-ALIGN: center; BORDER-TOP: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="9%" style="TEXT-ALIGN: center; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Abstain</font></div>
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<td valign="top" width="4%" bgcolor="white" style="TEXT-ALIGN: center; BORDER-TOP: medium none; BORDER-RIGHT: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">&#160;</font></td>
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<div style="MARGIN-LEFT: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">Brent K. Bilsland</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">25,645,851</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">4,305</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td align="right" valign="top" width="9%" style="BORDER-RIGHT: medium none">
<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">1,030,302</font></div>
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<td align="right" valign="top" width="4%" style="BORDER-RIGHT: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="top" width="60%" style="BORDER-LEFT: medium none; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="MARGIN-LEFT: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">David Hardie</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">25,646,903</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">1,030,302</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">1,030,302</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">1,030,302</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">1,030,302</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">25,646,903</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">3,253</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td align="right" valign="top" width="9%" style="BORDER-RIGHT: medium none">
<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">1,030,302</font></div>
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<td valign="top" width="60%" style="BORDER-LEFT: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="9%" style="BORDER-RIGHT: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="4%" bgcolor="white" style="BORDER-RIGHT: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160;</font></td>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">26,679,927</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">62</font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td align="right" valign="top" width="9%" style="BORDER-RIGHT: medium none">
<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">469</font></div>
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<td align="right" valign="top" width="4%" style="BORDER-RIGHT: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160;</font></td>
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<td valign="top" width="60%" style="BORDER-LEFT: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="9%" style="BORDER-RIGHT: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
<td valign="top" width="4%" bgcolor="white" style="BORDER-RIGHT: medium none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160;</font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Item 3:&#160;&#160;Ratification and Approval of Amendment to the Articles of Incorporation to permit action by shareholders by less than unanimous written consent</font></div>
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<td valign="top" width="3%" style="BORDER-BOTTOM: 4px none"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">&#160; </font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 11pt">25,791</font></div>
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<div>&#160;</div>

<div>&#160;</div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Item 9.01: Financial Statements and Exhibits</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">&#160;</font>(d)&#160;&#160;Exhibits</font></font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">&#160;&#160;</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">Hallador Energy Declares Special Dividend of $0.12 Per Share and Will Also Participate in a Non-Deal Road Show Sponsored By FBR</font></div>
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<div>&#160;</div>

<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt; FONT-WEIGHT: bold">SIGNATURE</font></div>

<div>&#160;</div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>

<div>&#160;</div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">Date: May 26, 2011</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">HALLADOR ENERGY COMPANY</font></div>

<div>&#160;</div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 11pt">By:<font style="FONT-FAMILY: Arial; FONT-SIZE: 11pt; TEXT-DECORATION: underline">/s/W. ANDERSON BISHOP</font></font></font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 11pt">&#160;&#160;&#160;&#160;&#160; W. Anderson Bishop, CFO</font></div>
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<FILENAME>pressrelease.htm
<DESCRIPTION>PRESS RELEASE DATED MAY 25, 2011
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<div style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 99</font></div>

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<div>Hallador Energy Company</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">1660 Lincoln Street, Suite 2700</font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Denver, CO 80264</font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">303.839.5504 ext. 316</font></div>

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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">FOR IMMEDIATE RELEASE</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEWS RELEASE&#160;Contact:&#160;&#160;Rebecca Palumbo</font></div>

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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">HALLADOR ENERGY DECLARES SPECIAL DIVIDEND OF $0.12 PER SHARE</font></div>

<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AND WILL ALSO PARTICIPATE IN A NON-DEAL ROAD SHOW SPONSORED BY FBR</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Denver, Colorado - May 25, 2011</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The board of directors of Hallador Energy Company today declared a special cash dividend on its common stock of $0.12 per share of which there are 28,135,620 outstanding. The dividend is payable on June 17, 2011 to holders of record on June 3, 2011.</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The $.12 dividend also applies to the 858,000 outstanding restricted stock units and to the 200,000 outstanding stock options.&#160;&#160;The total cash payment for all the outstanding securities will be about $3.5 million.</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#8220;As we said last year at this time when we paid a special ten cent dividend, we are very proud and excited to again be in strong financial shape to pay a special dividend and to also increase it by 20%,&#8221; said Andy Bishop, CFO.&#160;&#160; We expect the dividend to be treated as a qualified dividend for income tax purpose for the recipient.&#160;&#160;Next spring we will evaluate our cash position and funding requirements and decide if we can pay another dividend.&#8221;</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">During the week of June 13, 2011 we will be on the road giving presentations primarily to institutional investors in Baltimore, New York City, Boston and Chicago.&#160;&#160;We plan to file a copy of the presentation materials with the SEC on Friday June 10 and to post such on our web site.&#160;&#160;FBR Capital Markets &amp; Co. is the main sponsor of the non-deal road show.</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Through our wholly-owned subsidiary, Sunrise Coal, we operate an underground coal mine in Southwest Indiana.</font></div>

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<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">For more information please visit both of our websites, www.halladorenergy.com or www.sunrisecoal.com.</font></div>

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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">#&#160;&#160;&#160;&#160;&#160;&#160;#&#160;&#160;&#160;&#160;&#160;#&#160;&#160;&#160;&#160;&#160;#&#160;&#160;&#160;&#160;&#160;&#160;#</font></div>
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