Statement of Ownership (sc 13g)
October 11 2019 - 1:57PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934 (Amendment No. __N/A__)*
Hallador
Energy Company
(Name
of Issuer)
Common
Shares, $.01 par value
(Title
of Class of Securities)
40609P105
(CUSIP
Number)
August
14, 2019
(Date
of Event Which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ]
Rule 13d-1(b)
[X]
Rule 13d-1(c)
[ ]
Rule 13d-1(d)
*The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided
in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section
18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).
1.
|
NAME
OF REPORTING PERSONS
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I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
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Extract
Advisors LLC
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|
|
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|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
|
|
|
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(a)
[ ]
|
|
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(b)
[X]
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|
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3.
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SEC
USE ONLY
|
|
|
|
|
|
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4.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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|
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Delaware
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|
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
|
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|
5.
|
SOLE
VOTING POWER
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0
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|
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6.
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SHARED
VOTING POWER
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|
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|
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1,818,325
*
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7.
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SOLE
DISPOSITIVE POWER
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0
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|
8.
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SHARED
DISPOSITIVE POWER
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|
|
|
|
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1,818,325
*
|
|
|
|
|
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
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1,818,325
*
|
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|
|
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10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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[ ]
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11.
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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6.0%*
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12.
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN,
OO, IA
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1.
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NAME
OF REPORTING PERSONS
|
|
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I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|
|
|
Extract
Capital Master Fund Ltd.
|
|
|
|
|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
|
|
|
|
|
(a)
[ ]
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|
(b)
[X]
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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Cayman
Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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|
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5.
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SOLE
VOTING POWER
|
|
|
|
|
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0
|
|
|
|
|
6.
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SHARED
VOTING POWER
|
|
|
|
|
|
1,818,325
*
|
|
|
|
|
7.
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SOLE
DISPOSITIVE POWER
|
|
|
|
|
|
0
|
|
|
|
|
8.
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SHARED
DISPOSITIVE POWER
|
|
|
|
|
|
1,818,325
*
|
|
|
|
|
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
|
|
1,818,325
*
|
|
|
|
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
|
|
|
[ ]
|
|
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
|
|
6.0%*
|
|
|
|
|
12.
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TYPE
OF REPORTING PERSON (SEE
INSTRUCTIONS)
|
|
|
|
|
|
CO
|
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1.
|
NAME
OF REPORTING PERSONS
|
|
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I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|
|
|
Daren
Milmeister
|
|
|
|
|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
|
|
|
|
|
(a)
[ ]
|
|
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(b)
[X]
|
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3.
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SEC
USE ONLY
|
|
|
|
|
|
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4.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|
|
|
|
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United
States of America
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|
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
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|
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5.
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SOLE
VOTING POWER
|
|
|
|
|
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0
|
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6.
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SHARED
VOTING POWER
|
|
|
|
|
|
1,818,325
*
|
|
|
|
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7.
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SOLE
DISPOSITIVE POWER
|
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|
|
|
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0
|
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|
|
|
8.
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SHARED
DISPOSITIVE POWER
|
|
|
|
|
|
1,818,325
*
|
|
|
|
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
|
|
1,818,325
*
|
|
|
|
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
|
|
|
[ ]
|
|
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
|
|
6.0%*
|
|
|
|
|
12.
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
|
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|
IN,
HC
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Item
1.
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(a).
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Name
of Issuer:
Hallador
Energy Company
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(b).
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Address
of issuer’s principal executive offices:
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1183
East Canvasback Drive
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Terre
Haute, Indiana 47802
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Item
2.
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(a).
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Name
of person filing:
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Extract
Advisors LLC
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|
Extract
Capital Master Fund Ltd.
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|
Darin
Milmeister
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(b).
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Address
or principal business office or, if none, residence:
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379
West Broadway
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Suite
423
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New
York, New York 10012
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(c).
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Citizenship:
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Extract
Advisors LLC – Delaware
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Extract
Capital Master Fund Ltd.– Cayman Islands
Darin
Milmeister– United States of America
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(d).
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Title
of class of securities:
|
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Common
Shares, $.01 par value
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(e).
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CUSIP
No.:
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40609P105
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Item 3.
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If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
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N/A
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Item 4.
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Ownership.
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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(a)
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Amount beneficially owned:
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Extract Advisors LLC – 1,818,325 *
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Extract Capital Master Fund Ltd. – 1,818,325 *
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Darin Milmeister – 1,818,325 *
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Extract Advisors LLC – 6.0%*
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Extract Capital Master Fund Ltd. – 6.0%*
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Darin Milmeister – 6.0%*
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(c)
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Number of shares as to which the person has:
|
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(i)
|
Sole
power to vote or to direct the vote
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|
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|
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Extract
Advisors LLC – 0
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Extract
Capital Master Fund Ltd. – 0
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Darin
Milmeister – 0
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(ii)
|
Shared
power to vote or to direct the vote
|
|
|
|
|
|
Extract
Advisors LLC – 1,818,325 *
|
|
|
Extract
Capital Master Fund Ltd. 1,818,325 *
|
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Darin
Milmeister – 1,818,325 *
|
|
|
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(iii)
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Sole
power to dispose or to direct the disposition of
|
|
|
|
|
|
Extract
Advisors LLC – 0
|
|
|
Extract
Capital Master Fund Ltd. – 0
|
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Darin
Milmeister – 0
|
|
|
|
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
|
|
|
|
|
Extract
Advisors LLC – 1,818,325 *
|
|
|
Extract
Capital Master Fund Ltd. 1,818,325 *
|
|
|
Darin
Milmeister – 1,818,325 *
|
*
The Common Shares, $.01 par value (the “Shares”), of Hallador Energy Company (the “Company”) reported
herein are held by Extract Capital Master Fund, Ltd. (the “Fund”), which is managed by Extract Advisors LLC (the “Adviser”).
The Adviser, in its capacity as the investment manager of the Fund, has the power to vote and the power to direct the disposition
of all Shares held by the Fund. Accordingly, for the purposes of Reg. Section 240.13d-3, the Adviser may be deemed to beneficially
own an aggregate of 1,818,325 Shares, or 6.0% of the Company’s 30,248,953 Shares deemed issued and outstanding as of August
3, 2019, as disclosed in the Company’s 10-Q Quarterly Report, as filed with the Securities and Exchange Commission on August
5, 2019. Darin Milmeister is the Managing Member of the Adviser. This report shall not be deemed an admission that the Adviser,
the Fund or any other person is the beneficial owner of the securities reported herein for purposes of Section 13 of the Securities
Exchange Act of 1934, as amended, or for any other purpose. Each of the reporting persons herein disclaims beneficial ownership
of the Shares reported herein except to the extent of the reporting person’s pecuniary interest therein.
Item
5.
|
Ownership
of Five Percent or Less of a Class.
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If
this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following [ ].
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N/A
|
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Item
6.
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Ownership
of More Than Five Percent on Behalf of Another Person.
|
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If
any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest
relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of
an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension
fund or endowment fund is not required.
|
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N/A
|
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Item
7.
|
Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding
Company or Control Person.
|
|
|
|
If
a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under
Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If
a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit
stating the identification of the relevant subsidiary.
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N/A
|
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Item
8.
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Identification
and Classification of Members of the Group.
|
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If
a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit
stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to
Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
|
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N/A
|
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Item
9.
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Notice
of Dissolution of Group.
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Notice
of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings
with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual
capacity. See Item 5.
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N/A
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Item
10.
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Certification.
|
|
|
|
By
signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
|
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated:
October 11, 2019
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Extract
Advisors LLC
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By:
|
/s/
Darin Milmeister
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Darin
Milmeister, Managing Member
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Extract
Capital Master Fund Ltd.
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By:
|
/s/
Darin Milmeister
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Darin
Milmeister, Director
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Darin
Milmeister
|
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By:
|
/s/
Darin Milmeister
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Darin
Milmeister, Individually
|
The
original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If
the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner
of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement,
provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated
by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Note.
Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7
for other parties for whom copies are to be sent.
Attention.
Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
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