UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of
report (Date of earliest event reported) December 12, 2006
EnerNorth
Industries Inc.
(Exact
Name of Registrant as Specified in its Charter)
Province
of Ontario, Canada
0-29586
(State
or
other jurisdiction (Commission
File Number) (IRS
Employer
Identification No.)
of
incorporation)
1
King
Street West, Suite 1502, Toronto, Ontario
M5H 1A1
(Address
of principal executive offices) (Zip
Code)
(416)
861-1484
(Registrant’s Telephone Number, Including Area Code)
Not
applicable
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
3.01 NOTICE
OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULEOR STANDARD; TRANSFER
OF LISTING
(a) On
December 12, 2006 EnerNorth Industries Inc. (“EnerNorth” or the “Company”)
received notice from the American Stock Exchange (“AMEX”) that the Company is
not in compliance with certain continued listing standards, specifically,
Section 1003(a)(i) of the Company Guide with shareholders’ equity of less than
US$2,000,000 and losses from continuing operations and/or net losses in two
out
of its three most recent fiscal years, and Section 1003(a)(ii) of the Company
Guide with shareholders’ equity of less than US$4,000,000 and losses from
continuing operations and/or net losses in three out of its four most recent
fiscal years (the “Notice”).
In
order
maintain the AMEX listing, the Company must submit a plan by January 12,
2007,
advising AMEX of the action it has taken, or will take, that would bring
the
Company into compliance with the applicable listing standards no later than
June
12, 2008. If AMEX accepts the plan, EnerNorth may be permitted to continue
its
listing during the plan period of up to 18 months, during which time the
Company
will be subject to periodic review to determine whether the Company is making
progress consistent with the plan. If the Company is not in compliance with
the
continued listing standards at the end of the plan period, or we do not make
progress consistent with the plan during the plan period, AMEX may initiate
delisting proceedings.
The
Company has contacted AMEX to confirm receipt of the Notice and to advise
the
AMEX that the Company intends to submit a plan. There is no guarantee that
we
will be able to complete and timely file a plan, that the plan will be accepted
by AMEX, or that we will be able to make progress consistent with the plan
if it
is accepted. Prior to filing the plan and, if a plan is timely filed, while
the
plan is under review by AMEX, we expect that our common stock will continue
to
trade without interruption on AMEX.
A
copy of
our press release is attached hereto as Exhibit 99.1. A copy of the AMEX’s
Notice is attached hereto as Exhibit 99.2
(b)
-
(d) Not
applicable.
ITEM
9.01 FINANCIAL
STATEMENTS AND EXHIBITS
(c)
Exhibits.
The
following Exhibits are filed as part of this report:
Exhibit
No. Description
99.1
Press Release issued by EnerNorth Industries Inc. on December 15, 2006, relating
to receipt of Notice from the American Stock Exchange.
99.2
Notice
received by EnerNorth Industries Inc. from the American Stock Exchange dated
December 12, 2006.
SIGNATURES
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.
ENERNORTH
INDUSTRIES
INC.
Date:
December 15, 2006 By:
/s/
Sandra J. Hall____________
Name:
Sandra J. Hall
Title:
President
EXHIBIT
INDEX
Exhibit
No. Description
99.1
Press Release issued by EnerNorth Industries Inc. on December 15, 2006, relating
to receipt of Notice from the American Stock Exchange.
99.2
Notice
received by EnerNorth Industries Inc. from the American Stock Exchange dated
December 12, 2006.