Unassociated Document
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): March 4, 2010
Global
Resource Corporation
(Exact
Name of Registrant as Specified in its Charter)
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Nevada
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000-50944
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84-1565820
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(State
or Other Jurisdiction
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(Commission
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(IRS
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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1000
Atrium Way, Suite 100
Mount
Laurel, New Jersey 08054
(Address
of Principal Executive Offices) (Zip Code)
Registrant's
telephone number, including area code: (856) 767-5665
(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 Company 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
8.01 Other Events.
On March
4, 2010, Global Heavy Oil Corporation, a wholly-owned subsidiary of Global
Resource Corporation (the “Company”), received early payment of the
second $300,000 payment due it under the Joint Development Agreement entered
into on April 23, 2009 with Schlumberger Technology Corporation and Schlumberger
Holdings Limited, which payment was not originally due to be paid until the
first anniversary of the signing of the Joint Development
Agreement.
This
payment is being used to build the Company’s recently announced new laboratory
to be located in the Research Triangle area of North Carolina. The
new laboratory will be home to the Company's research and development effort in
all the facets of endeavor. The Company will use the new laboratory
to optimize features of its prototype and to have the ability to begin
construction on several one ton per hour units to be used at scrap tire
facilities in the southern United States.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Company has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
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Global
Resource Corporation
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Dated:
March 9, 2010
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By:
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/s/ Ken Kinsella
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Ken
Kinsella
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Chief
Executive Officer
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