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<SEC-DOCUMENT>0000950136-07-005063.txt : 20070723
<SEC-HEADER>0000950136-07-005063.hdr.sgml : 20070723
<ACCEPTANCE-DATETIME>20070723172815
ACCESSION NUMBER:		0000950136-07-005063
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20070723
FILED AS OF DATE:		20070723
DATE AS OF CHANGE:		20070723

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			StealthGas Inc.
		CENTRAL INDEX KEY:			0001328919
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51559
		FILM NUMBER:		07994437

	BUSINESS ADDRESS:	
		STREET 1:		331 KIFISSIAS AVENUE
		STREET 2:		ERITHREA 14561
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30 210 625 2849

	MAIL ADDRESS:	
		STREET 1:		331 KIFISSIAS AVENUE
		STREET 2:		ERITHREA 14561
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
</SEC-HEADER>
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<TYPE>6-K
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<DESCRIPTION>FORM 6-K
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<font style="opacity:100; position:relative; ">UNITED STATES</font>
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<font style="opacity:100; position:relative; ">SECURITIES AND EXCHANGE COMMISSION</font>
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<font style="opacity:100; position:relative; ">Washington, D.C. 20549</font>
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<font style="opacity:100; position:relative; ">FORM 6-K</font>
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<font style="opacity:100; position:relative; ">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16</font>
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<font style="opacity:100; position:relative; ">OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</font>
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<font style="opacity:100; position:relative; font-weight: normal;font-style:normal;">For the month of July&nbsp;2007.</font>
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<font style="opacity:100; position:relative; ">Commission File Number 000-51559</font>
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<font style="opacity:100; position:relative; font-size:12pt;">STEALTHGAS INC.</font>
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<font style="opacity:100; position:relative; font-weight: normal;font-style:normal;">(Translation of registrant&rsquo;s name into English)</font>
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<font style="opacity:100; position:relative; ">331 Kifissias Avenue Erithrea 14561 Athens, Greece</font>
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<font style="opacity:100; position:relative; font-weight: normal;font-style:normal;">(Address of principal executive office)</font>
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<font style="opacity:100; position:relative; ">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</font>
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<font style="opacity:100; position:relative; ">Form 20-F&nbsp;&nbsp;</font><img src="xbox.gif" alt="[X]" width="10" height="10"><font style="opacity:100; position:relative; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;</font><img src="ebox.gif" alt="[ ]" width="10" height="10"></p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:12pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;&nbsp;&nbsp;</font><font style="opacity:100; position:relative; text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
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<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:12pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;&nbsp;&nbsp;</font><font style="opacity:100; position:relative; text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
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<font style="opacity:100; position:relative; ">Indicate by check mark whether the registrant by furnishing the information contained in the Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font>
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<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Yes&nbsp;&nbsp;</font><img src="ebox.gif" alt="[ ]" width="10" height="10"><font style="opacity:100; position:relative; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</font><img src="xbox.gif" alt="[X]" width="10" height="10"></p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:12pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">If &lsquo;&lsquo;Yes&rsquo;&rsquo; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-</font><font style="opacity:100; position:relative; text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="opacity:100; position:relative; ">.</font>
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<font style="opacity:100; position:relative; font-weight: bold;font-style:normal;">This Report on Form 6-K shall be deemed to be incorporated by reference in the Registration Statement on Form F-3 of StealthGas Inc. (Registration No.&nbsp;333-143804) and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished. </font>
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<font style="opacity:100; position:relative; ">EXHIBIT INDEX</font>
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<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 6pt; padding-bottom: 6pt; text-align: left; font-style: normal; text-align: left;&#10;						padding-left: 0pt;width: 30pt;"><font style="opacity:100; position:relative; ">99.1</font>&nbsp;</td>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 6pt; padding-bottom: 6pt; text-align: left; font-style: normal; text-align: left;&#10;						width: 426pt;"><font style="opacity:100; position:relative; ">Opinion of Watson, Farley &amp; Williams (New York) LLP, Marshall Islands counsel to the Company, as to the validity of the Common Stock.</font></td>
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<font style="opacity:100; position:relative; ">SIGNATURES</font>
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<font style="opacity:100; position:relative; ">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, thereunto duly authorized.</font>
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<font style="opacity:100; position:relative; ">Date: July 23, 2007</font>
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<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; padding-top: 36pt;" valign="top" align="left" width="253"><img src="spacer.gif" height="1" width="253"></td>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; padding-top: 36pt;" valign="top" align="left"><font style="opacity:100; position:relative; ">STEALTHGAS INC.</font></td>
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<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; padding-top: 24pt;" valign="top" align="left"><font style="opacity:100; position:relative; ">By: </font><font style="opacity:100; position:relative; text-decoration:underline;">/s/ Andrew J. Simmons</font></td>
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<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; padding-top: 0;" valign="top" align="left"><font style="opacity:100; position:relative; ">Name: Andrew J. Simmons</font>
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<font style="opacity:100; position:relative; "> Title: Chief Financial Officer</font></td>
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<TYPE>EX-99.1
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<font style="opacity:100; position:relative; ">Exhibit 99.1</font>
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<font style="opacity:100; position:relative; ">[Letterhead of Watson, Farley &amp; Williams]</font>
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<font style="opacity:100; position:relative; font-weight: bold;font-style:normal;">Watson, Farley &amp; Williams (New York) LLP</font>
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<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 480pt; text-align: right; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">100 Park Avenue</font>
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<font style="opacity:100; position:relative; "> New York, New York 10017</font>
<br>
<font style="opacity:100; position:relative; "> Tel (212) 922 2200</font>
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<font style="opacity:100; position:relative; "> Fax (212) 922 1512</font>
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<font style="opacity:100; position:relative; ">July&nbsp;23,&nbsp;2007</font>
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<font style="opacity:100; position:relative; ">StealthGas Inc.</font>
<br>
<font style="opacity:100; position:relative; "> 331 Kifissias Avenue</font>
<br>
<font style="opacity:100; position:relative; "> Erithrea 14561</font>
<br>
<font style="opacity:100; position:relative; "> Athens, Greece</font>
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<font style="opacity:100; position:relative; ">Dear Sirs:</font>
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<font style="opacity:100; position:relative; ">We have acted as special counsel for StealthGas Inc., a Marshall Islands corporation (the &lsquo;&lsquo;</font><font style="opacity:100; position:relative; text-decoration:underline;">Company</font><font style="opacity:100; position:relative; ">&rsquo;&rsquo;), on matters of Marshall Islands law in connection with the issuance and sale by the Company of 7,200,000 shares of common stock (the &lsquo;&lsquo;</font><font style="opacity:100; position:relative; text-decoration:underline;">Common Stock</font><font style="opacity:100; position:relative; ">&rsquo;&rsquo;). The Common Stock is being issued and sold by the Company pursuant to the Company&rsquo;s Registration Statement on Form&nbsp;F-3 (No. 333-143804) filed by the Company with the Securities and Exchange Commission (the &lsquo;&lsquo;</font><font style="opacity:100; position:relative; text-decoration:underline;">Commission</font><font style="opacity:100; position:relative; ">&rsquo;&rsquo;) under the Secur
ities Act of 1933, as amended (the &lsquo;&lsquo;</font><font style="opacity:100; position:relative; text-decoration:underline;">Securities Act</font><font style="opacity:100; position:relative; ">&rsquo;&rsquo;), on June&nbsp;15,&nbsp;2007 and Amendment No. 1 thereto filed on June&nbsp;29,&nbsp;2007 (the &lsquo;&lsquo;</font><font style="opacity:100; position:relative; text-decoration:underline;">Registration Statement</font><font style="opacity:100; position:relative; ">&rsquo;&rsquo;), and the prospectus included therein , which Registration Statement was declared effective by the Commission on July&nbsp;5,&nbsp;2007. Capitalized terms used and not defined herein have the meanings assigned to them in the Underwriting Agreement (as defined below).</font>
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<font style="opacity:100; position:relative; ">In rendering this opinion, we have examined originals or photocopies of (i) the Registration Statement, the Preliminary Prospectus, the Disclosure Package and the Final Prospectus; (ii) the Underwriting Agreement, dated July&nbsp;17,&nbsp;2007 (the &lsquo;&lsquo;</font><font style="opacity:100; position:relative; text-decoration:underline;">Underwriting Agreement</font><font style="opacity:100; position:relative; ">&rsquo;&rsquo;), among the Company and Citigroup Global Markets Inc., Cantor Fitzgerald &amp; Co., Morgan Keegan &amp; Company, Inc., Johnson Rice &amp; Company, L.L.C., DVB Capital Markets LLC and Scotia Capital (USA) Inc. (the &lsquo;&lsquo;</font><font style="opacity:100; position:relative; text-decoration:underline;">Underwriters</font><font style="opacity:100; position:relative; ">&rsquo;&rsquo;); (iii) the Amended and Restated Articles of Incorporation of the Company; (iv) the Amended and Restated Bylaws of the Company; (v) the resolutions adopt
ed by the Board of Directors of the Company on July&nbsp;16,&nbsp;2007 and the resolutions adopted by the Pricing Committee of the Board of Directors of the Company on July&nbsp;17,&nbsp;2007; and (vi) all such other documents, including certificates of public officials and representatives of the Company, as we have deemed necessary. &nbsp;In such examination, we have assumed the genuineness of all signatures, the legal capacity of all individuals who have executed any of the documents, the authenticity of all documents submitted to us as originals, the conformity with the original documents of all documents submitted to us as photocopies and the accuracy of the factual representations made to us by officers and other representatives of the Company. We have further assumed the validity and enforceability of such documents under all applicable laws other than Marshall Islands law. &nbsp;As to any questions of fact material to our opinion, we have, when relevant facts were not independently established, relied
 upon the aforesaid certificates.</font>
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<font style="opacity:100; position:relative; ">This opinion is limited to Marshall Islands law as of the date hereof. &nbsp;In rendering our opinion as to the valid existence in good standing of the Company, we have relied solely on a Certificate of Goodstanding issued by the Registrar of Corporations of the Republic of The Marshall Islands on July 20, 2007.</font>
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<font style="opacity:100; position:relative; ">London o Athens o Paris o New York o Singapore o Bangkok o Rome o Hamburg</font>
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<font style="opacity:100; position:relative; ">Watson, Farley &amp; Williams (New York) LLP is a limited liability partnership registered in England and Wales with registered number OC312253. It is regulated by the Law Society of England and Wales and its members are solicitors or registered foreign lawyers. A list of members of Watson, Farley &amp; Williams (New York) LLP and their professional qualifications is open to inspection at the above address. Any reference to a &lsquo;partner&rsquo; means a member of Watson, Farley &amp; Williams (New York) LLP, or a member or partner in an affiliated undertaking, or an employee or consultant with equivalent standing and qualification.</font>
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<font style="opacity:100; position:relative; ">Watson, Farley &amp; Williams (New York) LLP or an affiliated undertaking has an office in each of the cities listed above.</font>
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<font style="opacity:100; position:relative; ">StealthGas Inc.</font>
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<td align="left" style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; font-style: normal;"><font style="opacity:100; position:relative; ">July 23, 2007</font></td>
<td align="right" style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; font-style: normal;"><font style="opacity:100; position:relative; ">Page 2</font></td>
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<font style="opacity:100; position:relative; ">Based on the foregoing and having regard to legal considerations which we deem relevant, we are of the opinion that the Common Stock issued and sold by the Company has been authorized and, when issued and delivered to and paid for by the Underwriters in accordance with the terms of the Underwriting Agreement, will be validly issued, fully paid and nonassessable, and the issuance of the Common Stock is not subject to any statutory preemptive rights or preemptive rights pursuant to the organizational documents or bylaws of the Company.</font>
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<font style="opacity:100; position:relative; ">We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name under the caption &lsquo;&lsquo;Legal Matters&rsquo;&rsquo;. In giving this consent, we do not admit that we are acting within the category of persons whose consent is required under Section 7 of the Securities Act.</font>
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<font style="opacity:100; position:relative; ">Very truly yours,</font>
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<font style="opacity:100; position:relative; ">Watson, Farley &amp; Williams (New York) LLP</font>
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<font style="opacity:100; position:relative; ">/s/ Watson, Farley &amp; Williams (New York) LLP</font>
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