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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 24, 2004
CHAPARRAL RESOURCES, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 0-7261 84-0630863
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
2 Gannett Drive, Suite 418 10604
White Plains, New York (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (866) 559-3822
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Item 1.01 Entry into a Material Definitive Agreement.
On November 24, 2004, Chaparral Resources, Inc. (the "Company") entered into a
definitive agreement ("Agreement") with Nelson Resources, Limited ("Nelson"),
which owns a majority of the Company's outstanding common stock. The Agreement
provides that in the event the Company, receives notice from JSC KazMunayGaz
("KMG"), the national petroleum company of the government of Kazakhstan, that
KMG desires to sell its 40% equity interest in JSC Karakudukmunai ("KKM"), then
the Company will, if requested by Nelson, exercise or cause to be exercised, its
right of first refusal under the agreement dated April 14, 1999 among the
shareholders of KKM to purchase such interest at the price and on the terms
specified in such notice. A copy of the Agreement is attached as Exhibit 1.01 to
this Form 8-K and is incorporated herein by reference.
Item 8.01. Other Events.
On November 29, 2004, the Company issued a press release announcing that it had
entered into the Agreement referred to in Item 1.01. A copy of the press release
is attached as Exhibit 8.01 to this Form 8-K and is incorporated herein by
reference.
(c) Exhibits.
Number Exhibit
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1.01 Letter Agreement between Chaparral Resources, Inc. and Nelson
Resources Limited dated as of November 24, 2004.
8.01 Press Release, dated November 29, 2004, of Chaparral Resources,
Inc.
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.
CHAPARRAL RESOURCES, INC.
Date: November 29, 2004 By: /s/ R F Hodder
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R. Frederick Hodder
Chairman of the Board