<SEC-DOCUMENT>0000950123-11-100993.txt : 20111129
<SEC-HEADER>0000950123-11-100993.hdr.sgml : 20111129
<ACCEPTANCE-DATETIME>20111129172503
ACCESSION NUMBER:		0000950123-11-100993
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20111128
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20111129
DATE AS OF CHANGE:		20111129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PURE CYCLE CORP
		CENTRAL INDEX KEY:			0000276720
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				840705083
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08814
		FILM NUMBER:		111232132

	BUSINESS ADDRESS:	
		STREET 1:		500 E 8TH AVE
		CITY:			DENVER
		STATE:			CO
		ZIP:			80203
		BUSINESS PHONE:		3032923456

	MAIL ADDRESS:	
		STREET 1:		500 E 8TH AVE
		CITY:			DENVER
		STATE:			CO
		ZIP:			80203
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c25366e8vk.htm
<DESCRIPTION>FORM 8-K
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<TITLE>Form 8-K</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): November 28, 2011</B>



<P style="font-size: 24pt" align="center"><B>PURE CYCLE
CORPORATION<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="text-align: center; font-size: 10pt" border="0" cellspacing="0"
cellpadding="0" width="100%">

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  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
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  <TD width="32%">&nbsp;</TD>
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  <TD style="border-bottom: #000000 1px solid"><B>Colorado</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>0-8814</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>84-0705083</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
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cellpadding="0" width="100%">

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  <TD width="49%">&nbsp;</TD>
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  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>1490 Lafayette Street, Suite
203, Denver, CO<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>80218</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(303) 292-3456</B>
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cellpadding="0" width="30%">

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  <TD style="border-bottom: #000000 1px solid" nowrap><B>N/A<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>



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<P style="font-size: 10pt" align="justify">This Current Report on Form 8-K is
filed by Pure Cycle Corporation (the &#8220;Registrant&#8221;), a Colorado
corporation, in connection with the matters described herein.

<P style="font-size: 10pt" align="justify">ITEM 8.01 &#8211; OTHER EVENTS

<P style="font-size: 10pt" align="justify">Pursuant to the Amended and Restated
Lease between the Rangeview Metropolitan District (the &#8220;District&#8221;)
and the Colorado State Board of Land Commissioners (the &#8220;Land
Board&#8221;), the Registrant, as the service provider to the District, has the
exclusive right to provide water to 24,000 acres of the &#8220;Lowry
Range.&#8221; The Lowry Range is a 26,000 acre undeveloped property located
east of Denver, Colorado, which is owned by the Land Board. The Land Board is
preparing to solicit bids for the potential development of oil and gas located
at the Lowry Range.

<P style="font-size: 10pt" align="justify">On or about November&nbsp;28, 2011,
the Land Board posted a draft form of an oil and gas lease on its website
relating to potential oil and gas development at the Lowry Range. While this is
a draft lease that states it is subject to approval from the Colorado Attorney
General&#8217;s office, the Registrant expects the draft oil and gas lease to
be distributed to potential bidders for the Land Board&#8217;s Lowry Range oil
and gas lease proposals.

<P style="font-size: 10pt" align="justify">The Registrant does not believe this
draft form of the lease adequately describes or protects the Registrant&#8217;s
exclusive right to provide water service to the Lowry Range and due to the
inadequate wording in the draft lease the Registrant believes it must act
promptly to protect its rights at the Lowry Range. The Registrant is prepared
to vigorously defend its exclusive right to provide water service to the Lowry
Range, which may include the Registrant filing suit against the Land Board in
advance of the issuance of any lease by the Land Board.

<P style="font-size: 10pt" align="justify">It is unknown whether the Land Board
will ultimately enter into any oil and gas lease agreements at the Lowry Range,
whether the Colorado Attorney General will approve the draft lease agreement or
whether any final lease agreement will be consistent with the draft lease
agreement posted on the Land Board&#8217;s website. &nbsp;As of the date of the
filing of this Current Report on Form 8-K the Land Board has not yet finalized
the lease.



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<P style="font-size: 10pt" align="justify">SIGNATURES

<P style="font-size: 10pt" align="justify">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.

<P style="font-size: 10pt" align="justify">Dated: November&nbsp;29, 2011

<P style="margin-left: 46%; font-size: 10pt" align="justify">PURE CYCLE
CORPORATION

<P style="margin-left: 46%; font-size: 10pt" align="justify"><U>/s/ Mark
W.
Harding&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
By: Mark W. Harding, <BR>
President and Chief Financial Officer



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