UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C.  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)
 
June 17, 2009
 
____________________________
 

KODIAK ENERGY, INC.
(Exact name of registrant as specified in charter)
 
DELAWARE
(State or other Jurisdiction of Incorporation or Organization)
 

333-38558
 
#405 - 505 8th Avenue S.W. Calgary, AB T2P 1G2   Canada
 
65-0967706
(Commission File Number)
 
(Address of Principal Executive Offices and zip code)
 
(IRS Employer Identification No.)

(403) 262-8044
(Registrant’s telephone number, including area code)
 

N/A
 (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 registrant under any of the following provisions:
 
[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
 

Information included in this Form 8-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  This information may involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements.  Forward-looking statements, which involve assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend” or “project” or the negative of these words or other variations on these words or comparable terminology.  These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that any projections included in these forward-looking statements will come to pass.  The Company’s actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors.  Except as required by applicable laws, the Company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

 
 
 


Item 8.01  Other Events

The Company announced that its majority controlled subsidiary, Cougar Energy, Inc. (“Cougar”) has entered a strategic long term financing agreement with a Swiss Private Equity Fund (“the Fund”) focused on the energy sector to develop its CREEnergy Joint Venture and other properties located in Western Canada.
 
Key components of the Cougar financing package include:
1.   
Cdn. $1,500,000 in equity financing via a private placement of Cougar common shares at a price of Cdn. $1.30 per share;
2.   
Arrangement by the Fund of a non-dilutive Cdn. $5,000,000 development debt financing; and
3.   
A Cdn. $750,000 payment by the Fund to Cougar to acquire the heavy oil rights on an equal basis with Cougar plus a 10% working interest in the conventional oil and gas opportunities when Cougar completes the nomination and leasing of the CREEnergy properties. The Fund will be responsible for its share of all exploration and development costs following closing.

Kodiak currently owns 94% of Cougar and following the above financing, if fully drawn, Kodiak will retain 81% of Cougar.

Item 9.01  Financial Statements and Exhibits.

 
(a)
Financial statements of business acquired .
Not applicable

 
(b)
Pro forma financial information .
Not applicable

 
(c)
Exhibits .
        99.1 Press Release dated June 17, 2009.

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
 
   
 
KODIAK ENERGY, INC.
 
(Registrant)
     
 
Date:  June 18, 2009
 
By:
 
/s/ William S. Tighe
William S. Tighe
Chief Executive Officer & President
     
     


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