<SEC-DOCUMENT>0000788965-18-000018.txt : 20180522
<SEC-HEADER>0000788965-18-000018.hdr.sgml : 20180522
<ACCEPTANCE-DATETIME>20180521185405
ACCESSION NUMBER:		0000788965-18-000018
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20180521
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180522
DATE AS OF CHANGE:		20180521

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:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34743
		FILM NUMBER:		18851014

	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>hnrg-20180521x8k.htm
<DESCRIPTION>FORM 8-K - PNC LOAN
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.18.0.1-->
<!--Created on: 5/21/2018 4:47:51 PM-->
<html>
	<head>
		<title>
			hnrg-form8k-05212018
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">UNITED STATES</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">SECURITIES AND EXCHANGE COMMISSION</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Washington, D.C. 20549</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">________________</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">FORM 8-K</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">CURRENT REPORT</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Pursuant to Section 13 or 15(d) of the</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Securities Exchange Act of 1934</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Date of report (Dat</font><font style="display: inline;font-family:Arial;font-size:10pt;">e of earliest event reported):&nbsp; </font><font style="display: inline;font-family:Arial;font-size:10pt;">May </font><font style="display: inline;font-family:Arial;font-size:10pt;">21</font><font style="display: inline;font-family:Arial;font-size:10pt;">, 201</font><font style="display: inline;font-family:Arial;font-size:10pt;">8</font><font style="display: inline;font-family:Arial;font-size:10pt;"> &nbsp;(</font><font style="display: inline;font-family:Arial;font-size:10pt;">May </font><font style="display: inline;font-family:Arial;font-size:10pt;">21</font><font style="display: inline;font-family:Arial;font-size:10pt;">, 2018</font><font style="display: inline;font-family:Arial;font-size:10pt;">)</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;"><img src="hnrg-20180521x8kg001.jpg" style="width: 0.9479167in; height: 0.6319444in" alt="logo-sunrise.jpg"></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;"><img src="hnrg-20180521x8kg002.jpg" style="width: 0.8125in; height: 0.7936046in" alt="hnrg.jpg"></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">HALLADOR ENERGY COMPANY</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">(Exact name of registrant as specified in its charter)</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:38.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:23.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:37.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:38.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Colorado</font></p>
				</td>
				<td valign="top" style="width:23.76%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">001-34743</font></p>
				</td>
				<td valign="top" style="width:37.78%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">84-1014610</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:38.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">(State or Other Jurisdiction&nbsp;of Incorporation)</font></p>
				</td>
				<td valign="top" style="width:23.76%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">(Commission File Number)</font></p>
				</td>
				<td valign="top" style="width:37.78%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">(IRS Employer Identification No.)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 1pt">
			<font style="display: inline;font-family:Arial;font-size:1pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="middle" style="width:48.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:13.95pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="middle" style="width:15.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:13.95pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:13.95pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="middle" style="width:48.08%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">1660 Lincoln Street, Suite 2700, Denver Colorado</font></p>
				</td>
				<td valign="middle" style="width:15.66%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:36.26%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">80264-2701</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="middle" style="width:48.08%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">(Address of principal executive&nbsp;offices)</font></p>
				</td>
				<td valign="top" style="width:15.66%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:36.26%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">(Zip Code)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="middle" style="width:100.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="middle" style="width:100.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Registrant's telephon</font><font style="display: inline;font-family:Arial;font-size:10pt;">e number, including area code:&nbsp; </font><font style="display: inline;font-family:Arial;font-size:10pt;">303-839-5504</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">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:&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:92.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:07.78%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font><font style="display: inline;font-size:10pt;">&#x2610;</font></p>
				</td>
				<td valign="top" style="width:92.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:07.78%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font><font style="display: inline;font-size:10pt;">&#x2610;</font></p>
				</td>
				<td valign="top" style="width:92.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:07.78%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font><font style="display: inline;font-size:10pt;">&#x2610;</font></p>
				</td>
				<td valign="top" style="width:92.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:07.78%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font><font style="display: inline;font-size:10pt;">&#x2610;</font></p>
				</td>
				<td valign="top" style="width:92.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font><font style="display: inline;font-family:Calibri;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Emerging growth company&nbsp;</font><font style="display: inline;font-family:Segoe UI Symbol;color:#000000;font-size:10pt;">&#x2610;</font><font style="display: inline;font-family:Calibri;font-size:10pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &nbsp;</font><font style="display: inline;font-family:Segoe UI Symbol;color:#000000;font-size:10pt;">&#x2610;</font><font style="display: inline;font-family:Calibri;font-size:10pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;;font-size: 10pt"><font style="display: inline;font-family:Calibri;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">I</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">tem 2.03</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;"> &nbsp; </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Creation of a Direct Financial Obligation or an </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Obligation under an Off-Balance </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Sheet Arrangement of a Registrant</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">On </font><font style="display: inline;font-family:Arial;font-size:10pt;">Monday, May 21</font><font style="display: inline;font-family:Arial;font-size:10pt;">, 2018, we executed a new credit agreement w</font><font style="display: inline;font-family:Arial;font-size:10pt;">ith PNC</font><font style="display: inline;font-family:Arial;font-size:10pt;">,</font><font style="display: inline;font-family:Arial;font-size:10pt;"> as administrative agent for </font><font style="display: inline;font-family:Arial;font-size:10pt;">our lenders</font><font style="display: inline;font-family:Arial;font-size:10pt;">. The </font><font style="display: inline;font-family:Arial;font-size:10pt;">$267 million </font><font style="display: inline;font-family:Arial;font-size:10pt;">credit agreement allows for a $</font><font style="display: inline;font-family:Arial;font-size:10pt;">147</font><font style="display: inline;font-family:Arial;font-size:10pt;"> million </font><font style="display: inline;font-family:Arial;font-size:10pt;">term loan</font><font style="display: inline;font-family:Arial;font-size:10pt;"> and a $1</font><font style="display: inline;font-family:Arial;font-size:10pt;">20</font><font style="display: inline;font-family:Arial;font-size:10pt;"> million </font><font style="display: inline;font-family:Arial;font-size:10pt;">revolver with a maturity of </font><font style="display: inline;font-family:Arial;font-size:10pt;">May 2022</font><font style="display: inline;font-family:Arial;font-size:10pt;">. &nbsp;</font><font style="display: inline;font-family:Arial;font-size:10pt;">O</font><font style="display: inline;font-family:Arial;font-size:10pt;">ur current debt is $</font><font style="display: inline;font-family:Arial;font-size:10pt;">206</font><font style="display: inline;font-family:Arial;font-size:10pt;"> million. The credit facility is collateralized by substantially all of </font><font style="display: inline;font-family:Arial;font-size:10pt;">the assets of Hallador Energy Company, with its restricted subsidiaries Sunrise Coal, LLC and Summit Terminal serving as guarantors.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">The interest rate on the facility ranges from LIBOR plus 3.00% to LIBOR plus 4.50%, depending on our leverage ratio. We expect the interest rate&nbsp;to be LIBOR plus 4% for the remainder of 2018.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">The maximum leverage ratio (total funded debt</font><font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:10pt;">/&nbsp;trailing 12 months EBITDA) </font><font style="display: inline;font-family:Arial;font-size:10pt;">is</font><font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:10pt;">as follows:</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;line-height:100%;margin-bottom:0pt;margin-left:0pt;">
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:421.75pt;height:4.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:4.00pt;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:57.05pt;height:4.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:4.00pt;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:421.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Fiscal Periods Ending</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:57.05pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Ratio</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:421.75pt;background-color: #DEEAF6;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">June 30, 2018 through March 31, 2019</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:57.05pt;background-color: #DEEAF6;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">3.75X</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:421.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">June 30, 2019 and September 30, 2019</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:57.05pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">3.50X</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:421.75pt;background-color: #DEEAF6;height:7.20pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">December 31, 2019 through September 30, 2020</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:57.05pt;background-color: #DEEAF6;height:7.20pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">3.25X</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:421.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">December 31, 2020 through September 30, 2021</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:57.05pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">3.00X</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:421.75pt;background-color: #DEEAF6;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">December 31, 2021 and each fiscal quarter thereafter</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:57.05pt;background-color: #DEEAF6;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">2.75X</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">The </font><font style="display: inline;font-family:Arial;font-size:10pt;">debt service coverage ratio (trailing 12 months EBITDA / annual debt service) requires a minimum of 1.25X through the maturity of the credit facility.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Sunrise entered into swap agreements to fix the LIBOR component of the interest rate</font><font style="display: inline;font-family:Arial;font-size:10pt;"> on 100% of the outstanding loan balances. We estimate the effective fixed rate to be approximately 6.5% over the life of the loan.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">The </font><font style="display: inline;font-family:Arial;font-size:10pt;">c</font><font style="display: inline;font-family:Arial;font-size:10pt;">redit </font><font style="display: inline;font-family:Arial;font-size:10pt;">a</font><font style="display: inline;font-family:Arial;font-size:10pt;">greement also imposes certain other customary restrictions and covenants as well as certain milestones we must meet in order to draw down the full amount</font><font style="display: inline;font-family:Arial;font-size:10pt;">, including a maximum annual capex of $30 million</font><font style="display: inline;font-family:Arial;font-size:10pt;">.&nbsp; </font><font style="display: inline;font-family:Arial;font-size:10pt;">The term loan requires annual amortization during the </font><font style="display: inline;font-family:Arial;font-size:10pt;">four</font><font style="display: inline;font-family:Arial;font-size:10pt;"> years</font><font style="display: inline;font-family:Arial;font-size:10pt;">, beginning June 2018, </font><font style="display: inline;font-family:Arial;font-size:10pt;">at 1</font><font style="display: inline;font-family:Arial;font-size:10pt;">5</font><font style="display: inline;font-family:Arial;font-size:10pt;">%, </font><font style="display: inline;font-family:Arial;font-size:10pt;">20</font><font style="display: inline;font-family:Arial;font-size:10pt;">%, </font><font style="display: inline;font-family:Arial;font-size:10pt;">25</font><font style="display: inline;font-family:Arial;font-size:10pt;">%, </font><font style="display: inline;font-family:Arial;font-size:10pt;">25</font><font style="display: inline;font-family:Arial;font-size:10pt;">%,</font><font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:10pt;">with a b</font><font style="display: inline;font-family:Arial;font-size:10pt;">alloon</font><font style="display: inline;font-family:Arial;font-size:10pt;"> at maturity.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">A copy of the credit agreement will be filed as an exhibit to our Form 10-Q for the quarter ended June 30, 2018.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Item 9.01</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;"> &nbsp; </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Exhibits</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:05.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:93.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:05.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">99.1</font></p>
				</td>
				<td valign="top" style="width:01.22%;border-top:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:93.02%;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<a href="hnrg-20180521xex99_1.htm" style="-sec-extract:exhibit"><font style="display: inline;font-family:Arial;font-size:10pt;">Press Release &#x201C;Hallador Energy Secures New $267MM Credit Facility Through 2022&#x201D; dated May 21, 2018</font></a></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:05.76%;border-left:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:01.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:93.02%;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:05.76%;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:01.22%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:93.02%;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font><a name="part_1_2_2"></a>
		</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;;font-size: 10pt"><font style="display: inline;font-family:Times New Roman;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">SIGNATURE</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">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>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:42.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Date:&nbsp;&nbsp;</font><font style="display: inline;font-family:Arial;font-size:10pt;">May 21</font><font style="display: inline;font-family:Arial;font-size:10pt;">, 2018</font></p>
				</td>
				<td valign="top" style="width:48.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">HALLADOR ENERGY COMPANY</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt;line-height:100%;border-bottom:1pt solid #000000 ;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">By:&nbsp;&nbsp;</font><font style="display: inline;font-family:Arial;font-size:10pt;">/s/</font><font style="display: inline;font-family:Arial;font-size:10pt;">LAWRENCE D. MARTIN</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display: inline;font-family:Arial;font-size:10pt;">Lawrence D. Martin</font><font style="display: inline;font-family:Arial;font-size:10pt;">, CFO</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt">
			<font style="display: inline;">&#xFEFF;</font><a name="_GoBack"></a>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr>
	</div></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>hnrg-20180521xex99_1.htm
<DESCRIPTION>PRESS RELEASE DATED MAY 21, 2018
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.18.0.1-->
<!--Created on: 5/21/2018 4:47:56 PM-->
<html>
	<head>
		<title>
			exh99_1.html
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;"><img src="hnrg-20180521xex99_1g001.jpg" style="width: 3.343055in; height: 0.6979167in" alt="Picture 2"></font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">EXHIBIT 99.1</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">NEWS RELEASE</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">FOR IMMEDIATE RELEASE</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">Contact:&nbsp; </font><font style="display: inline;font-family:Arial;font-size:12pt;">Becky Palumbo</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">303.839.5504 Ext. 316</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">&#xFEFF;</font><font style="display: inline;font-family:Arial;font-size:12pt;">rpalumbo@halladorenergy.com</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;text-decoration:underline;">Hallador Energy </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;text-decoration:underline;">Secures </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;text-decoration:underline;">New </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;text-decoration:underline;">$267MM </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;text-decoration:underline;">Credit Facility</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;text-decoration:underline;">&nbsp;</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;text-decoration:underline;">Through 2022</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">DENVER, </font><font style="display: inline;font-family:Arial;font-size:12pt;">May </font><font style="display: inline;font-family:Arial;font-size:12pt;">21</font><font style="display: inline;font-family:Arial;font-size:12pt;">, 2018</font><font style="display: inline;font-family:Arial;font-size:12pt;"> -- Hallador Energy Company (</font><font style="display: inline;font-family:Arial;font-size:12pt;">NASDAQ: HNRG</font><font style="display: inline;font-family:Arial;font-size:12pt;">) &nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">entered </font><font style="display: inline;font-family:Arial;font-size:12pt;">into </font><font style="display: inline;font-family:Arial;font-size:12pt;">a &nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">new $267 million </font><font style="display: inline;font-family:Arial;font-size:12pt;">credit agreement</font><font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">today</font><font style="display: inline;font-family:Arial;font-size:12pt;">,</font><font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">with PNC</font><font style="display: inline;font-family:Arial;font-size:12pt;"> Bank</font><font style="display: inline;font-family:Arial;font-size:12pt;"> as </font><font style="display: inline;font-family:Arial;font-size:12pt;">the </font><font style="display: inline;font-family:Arial;font-size:12pt;">administrative agent</font><font style="display: inline;font-family:Arial;font-size:12pt;">, extending the term of the </font><font style="display: inline;font-family:Arial;font-size:12pt;">agreement through May 2022.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">The </font><font style="display: inline;font-family:Arial;font-size:12pt;">$267 </font><font style="display: inline;font-family:Arial;font-size:12pt;">million </font><font style="display: inline;font-family:Arial;font-size:12pt;">facility is comprised of</font><font style="display: inline;font-family:Arial;font-size:12pt;"> a $</font><font style="display: inline;font-family:Arial;font-size:12pt;">147</font><font style="display: inline;font-family:Arial;font-size:12pt;"> million </font><font style="display: inline;font-family:Arial;font-size:12pt;">term loan</font><font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">and</font><font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">a</font><font style="display: inline;font-family:Arial;font-size:12pt;"> &nbsp;$</font><font style="display: inline;font-family:Arial;font-size:12pt;">120</font><font style="display: inline;font-family:Arial;font-size:12pt;"> million </font><font style="display: inline;font-family:Arial;font-size:12pt;">revolver</font><font style="display: inline;font-family:Arial;font-size:12pt;">. &nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">In addition to extending the term of the facility, the loan substa</font><font style="display: inline;font-family:Arial;font-size:12pt;">ntially reduces </font><font style="display: inline;font-family:Arial;font-size:12pt;">debt service requirements and </font><font style="display: inline;font-family:Arial;font-size:12pt;">moves the loan from the Sunrise Coal level to the Hallador level, </font><font style="display: inline;font-family:Arial;font-size:12pt;">allowing for investments in</font><font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">Hourglass Sands as</font><font style="display: inline;font-family:Arial;font-size:12pt;"> opportunities arise.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">&#x201C;We are </font><font style="display: inline;font-family:Arial;font-size:12pt;">happy </font><font style="display: inline;font-family:Arial;font-size:12pt;">to put our credit needs to bed for the next four years, and will continue our intense focus on debt reduction.</font><font style="display: inline;font-family:Arial;font-size:12pt;"> &nbsp; &nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">Since the original credit facility was established </font><font style="display: inline;font-family:Arial;font-size:12pt;">in</font><font style="display: inline;font-family:Arial;font-size:12pt;"> August 2014, we have</font><font style="display: inline;font-family:Arial;font-size:12pt;"> paid down $144 million of debt,&#x201D;</font><font style="display: inline;font-family:Arial;font-size:12pt;"> said Brent Bilsland, President, CEO &amp; Chairman</font><font style="display: inline;font-family:Arial;font-size:12pt;"> of</font><font style="display: inline;font-family:Arial;font-size:12pt;"> Hallador Energy Company.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">Hallador is headquartered in Denver, Colorado and through its wholly owned subsidiary, Sunrise Coal, LLC, produces coal in the Illinois Basi</font><font style="display: inline;font-family:Arial;font-size:12pt;">n</font><font style="display: inline;font-family:Arial;font-size:12pt;"> for the electric power generation industry. To learn more about Hallador or Sunrise, visit our website at</font><font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-size:12pt;">www.halladorenergy.com.</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr>
	</div></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>hnrg-20180521x8kg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 hnrg-20180521x8kg001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0!F17AI9@  34T *@    @ ! $:  4
M   !    /@$;  4    !    1@$H  ,    !  (   $Q  (    0    3@
M      !@     0   &     !4&%I;G0N3D54('8U+C P /_; $,  @$! 0$!
M @$! 0(" @("! ," @("!00$ P0&!08&!@4&!@8'"0@&!PD'!@8("P@)"@H*
M"@H&" L,"PH,"0H*"O_; $,! @(" @("!0,#!0H'!@<*"@H*"@H*"@H*"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"O_  !$( $0
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MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@ , P$
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MI>F_$6VL;R5<0Z?JD/V>4?\ ?W]W7G8+ACA*I6_X3\QJ4ZG^/_\ 8/1Q.?\
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MV,G^L_7]?,K8_P""C'PBO?&GPBC^*GA6'R]?\"7G]HV<T1_>?9O^6H_]J_\
M;*MK]IGPW_PC7Q1\ _'S1H2EQH?B*+2M8SC][8WW[G)_ZYRR1?\ ?RO9+JST
MW7-)DLM1@$EM<Q2)+%)_RTCK*GE;JY?B,JJ_!3_A_P"#['_@!K4S'V688?,:
M77X_\>T__ S ^"/Q&TWXJ_"_1/',9 BU/38I_P#MH1\_ZT5Y_P#L2:</AU\-
M=7^%>IW  \'>*K_2;<_].YD^T0?^0YA17JY;CL3]1A?>QY>.HX;ZW/E6ESTO
MX:^%%\%_#[1_"$\ +V.FPV\W/_+7ROWE/UOPVNH^/-&\0S$"/3-/NHX>?^6L
MIB_]IQR5U1*D9- *@9'XUZ:P])4O9G-[2JZO.<[X^TA=?\*:IX<M,"2^TZ6V
MY_Z:#RZOZ-8V>D6$>EV, C@MH8XX8_2/I6H0#P: ,5I[)>UYP]H_9\ARGP]\
M.'PMX=33I3_I$T\MY=D?QRRRF64_G)71U.NWL*6BE35*GR(4Y^TJ<Y7HJQ16
MEDR=CDO"?A3_ (1KQ1X@O;( 6FL7D5[_ -O/E>5+_P"BHJ=<>#T/Q+M/'$&.
M-(ETZ]Y_Z:Q2Q?\ M7_O[73,VWM0K;JP^KTO9>S+]I4OS',?$WPA!XZ^'^J^
M%P@$EW:?NN?^6H_>1G_OYBM_3TV0XFJZ0#P: ,57LE[7G#VC]GR')>'?#5KX
M6\;>(/$T7$6O&UGF_P"NT<7D_P#HN.*BNI\CWHJ/JU(.9$E& .@HHKI("BBB
<@ HHHH **** # ]*, =!110 4444 %%%% '_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>hnrg-20180521x8kg002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 hnrg-20180521x8kg002.jpg
M_]C_X  02D9)1@ ! 0$ R #(  #_X0!F17AI9@  34T *@    @ ! $:  4
M   !    /@$;  4    !    1@$H  ,    !  (   $Q  (    0    3@
M      #(     0   ,@    !4&%I;G0N3D54('8U+C P /_B A!)0T-?4%)/
M1DE,10 ! 0   @!A<'!L @   &UN=')21T(@6%E:( ?6  $ "0 / "$ )6%C
M<W!-4T94     $Y/3D4                       #VU0 !     -,L
M
M    "F1E<V,   #\    ,')865H   $L    %&=865H   %     %&)865H
M  %4    %')44D,   %H    #F=44D,   %X    #F)44D,   &(    #G=T
M<'0   &8    %&-P<G0   &L    0&-A;'0   'L    %&1E<V,
M$%9!.3 S(%-%4DE%4P                               %A96B
M  !QNP  -S,   .\6%E:(        &**  "QBP  %DM865H@        (I
M !=   "Y)&-U<G8          0(S  !C=7)V          $",P  8W5R=@
M       ! C,  %A96B        #I:0 !     0>'=&5X=     !#;W!Y<FEG
M:'0@J2 R,# V(%9I97=3;VYI8R!#;W)P;W)A=&EO;@
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M *\V_P#0EKU[2_\ @I'^U1H&GPZ+HW[2OQ-M;2TA6&VMK;Q[?)'$B#:JJJS
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MG%?,<0_?JR<GV5]DO)*R7DC^1"BBBOZL/R(Z3X6_\C%+_P!>;?\ H2U_1O\
M\$LOV6/"/[+_ .R9X>BTE8KC6O%>GV^L^(=22/#3331AUC!(!\N-6VJ#WW-P
M6(K^;OP1KL'A_74N[I?W4BF.5O[H)'/OR!7]&?\ P2H_;+^&_P"T[^S)X?\
M#VCZU GB?PGH=KIWB'2'=5D4Q1B-+E%_BBD"@AAT.5/(Y_!_$'"5:?$WMYQ]
MV<(J+Z-J]UZK1G[[E.95\5X/TL#A)W5+$3E7BMTI*/LI2_N-\ROMS66]CZFK
MPC_@IQ_RCQ^-'_9.-6_])GKW<=*\(_X*<?\ */+XT?\ 9.-6_P#29Z^9P/\
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M^_$O_P 71179_:>9?\_Y_P#@4O\ ,S6'P]O@7W(0_P#!(K_@FM_T9[X1_P#
M>7_XNM[PC_P3[_9 ^%-O?I\*_@KI_AN34]*N=.NY]&GFB9[>:)XW0C>5888X
MW X.",$ T45$\7BL0TJM24K/2[;M]YTT)2PT)JB^525G;2Z[.VZ\F?CQ^R9X
M0D_:[_:)^+'P<^*WBW6(M/@U"/4-5OM&NEMKO6;W3Y[BRM+BYDVD!D@NKA2L
A*Q1N9-S(S*I4HHK]&S.<Z6*Y8-I66VGE^1\?3U3]3__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>hnrg-20180521xex99_1g001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 hnrg-20180521xex99_1g001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0!:17AI9@  34T *@    @ !0,!  4
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M 0$! 0$!         0(#! 4&!P@)"@O_Q "U$0 " 0($! ,$!P4$!  ! G<
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M4<+=;MZ_@:=%%%<)F%%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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M8Z[(IK,JJ68@*.23VKSO5;2XT;Q'-I-F&:W\00B*W+N3]F=#\^W)X4*Q8#U
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M(;*$)< G[@48S]"!FN7'Q?M$_([Z3OA$ET;.LKCO$$%H_B2TO9[K74N+(,T
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&1110!__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
