<SEC-DOCUMENT>0001654954-17-000555.txt : 20170127
<SEC-HEADER>0001654954-17-000555.hdr.sgml : 20170127
<ACCEPTANCE-DATETIME>20170127140320
ACCESSION NUMBER:		0001654954-17-000555
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170109
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
FILED AS OF DATE:		20170127
DATE AS OF CHANGE:		20170127

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:		17553083

	BUSINESS ADDRESS:	
		STREET 1:		1490 LAFAYETTE STREET
		STREET 2:		SUITE 203
		CITY:			DENVER
		STATE:			CO
		ZIP:			80218
		BUSINESS PHONE:		3032923456

	MAIL ADDRESS:	
		STREET 1:		1490 LAFAYETTE STREET
		STREET 2:		SUITE 203
		CITY:			DENVER
		STATE:			CO
		ZIP:			80218
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>purecycleform8-kreclosing.htm
<DESCRIPTION>PRIMARY DOCUMENT
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Washington, D.C. 20549</font></div>
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FORM 8-K</font></div>
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CURRENT REPORT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date of
Report (Date of earliest event reported): <font style="font-weight: bold">January&#xA0;9, 2017</font></font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 16px">
PURE CYCLE CORPORATION</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Exact
name of registrant as specified in its charter)</font></div>
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Colorado</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(State
or other jurisdiction of incorporation)</font></div>
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0-8814</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
84-0705083</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Commission
File Number)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(IRS
Employer Identification No.)</font></div>
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34501 East Quincy Avenue, Building 34, Box 10, Watkins, CO
80137</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Address
of principal executive offices) (Zip Code)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Registrant&#x2019;s
telephone, including area code&#xA0;<font style="font-weight: bold; text-decoration: underline">(303)
292-3456</font>&#xA0;</font></div>
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N/A</font></div>
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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 style="font-style: italic">(see</font> General Instruction A.2.
below):</font></div>
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communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)</font></div>
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(17 CFR 240.14a-12)</font></div>
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
Current Report on Form&#xA0;8-K is filed by Pure Cycle Corporation
(the &#x201C;Registrant&#x201D;), a Colorado corporation, in
connection with the matters described herein.</font></div>
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<div style="display: table-cell; width: 96px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
2.01&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Completion
of Acquisition or Disposition of Assets</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">On
January&#xA0;9, 2017, the Registrant acquired the exclusive right
to provide water services to residential and commercial customers
in Wild Pointe Ranch, located in unincorporated Elbert County,
Colorado, in exchange for $1,600,000 in cash, as a result of the
closing of the Water Service Agreement (the &#x201C;Water Service
Agreement&#x201D;) between Rangeview Metropolitan District, a
quasi-municipal corporation and political subdivision of the State
of Colorado, acting by and through its Water Activity Enterprise
(&#x201C;Rangeview&#x201D;), and Elbert &amp; Highway&#xA0;86
Commercial Metropolitan District, a quasi-municipal corporation and
political subdivision of the State of Colorado, acting by and
through its Water Enterprise (the &#x201C;EH86 District&#x201D;). The
Water Service Agreement is attached as Exhibit&#xA0;10.1 to the
Registrant&#x2019;s Current Report on Form&#xA0;8-K filed with the
Commission on December&#xA0;19, 2016.</font></div>
<div style="text-align: justify; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
terms of the Water Service Agreement, the Registrant, in its
capacity as Rangeview&#x2019;s service provider, will be responsible
for providing water services to all users of water services within
the boundaries and service area of EH86 District and operating and
maintaining the EH86 District&#x2019;s water system. In exchange,
the Registrant will receive all rates, fees and charges payable to
Rangeview pursuant to the Water Service Agreement, including system
development (or tap) fees from new customers and monthly water
service revenues. The EH86 District&#x2019;s water system currently
provides water service to approximately 120 existing Single Family
Equivalent (&#x201C;SFE&#x201D;) (defined below) water connections in
Wild Pointe Ranch and may grow to over 250 SFE water connections.
One SFE is a customer &#x2013; whether residential, commercial or
industrial &#x2013; that imparts a demand on the water system
similar to the demand of a family of four persons living in a
single family house on a standard sized lot.</font></div>
<div style="text-align: justify; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">In
connection with the closing, Mark&#xA0;W. Harding and Mark
Whitlatch, President and Operator of the Registrant, respectively,
were appointed as directors of EH86 District. There are three
directors of EH86 District who are independent from the Registrant.
Pursuant to Colorado law, directors may receive $100 for each board
meeting they attend, up to a maximum of $1,600 per year.
Mr.&#xA0;Harding and Mr. Whitlatch have elected to forego these
payments.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">SIGNATURE</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">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.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date:
January 27, 2017</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">PURE
CYCLE CORPORATION</font></div>
<div style="text-align: justify; padding-bottom: 14.7px; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="display: table-cell; width: 312px"><font style="font-family: Times New Roman; font-size: 13px">By: <font style="text-decoration: underline">/s/ Mark W.
Harding</font><br></font></div>
</div>
</div>
<div style="text-align: left; margin-left: 312px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Mark W. Harding</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Title:
President and Chief Financial Officer</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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