Form 8-K for MAGNUM DOR RESOURCES INC (Acquisition of Hudson, CO tire landfill)

The Company will be acquiring the following listed assets of TRI free and clear of all liens, liabilities, claims and interest other than certain permitted liens and assumed liabilities:

(a) all inventory, supplies, and raw materials of TRI;

(b) all equipment, machinery, vehicles, trailers, furniture, fixtures, computer equipment, spare parts, and tools;

(c) its land;

(d) all goodwill and other intangible assets associated with the business;

(e) all of TRI’s right, title and interest under the leases listed on Schedule 2.1(e) of its bankruptcy filing (the “Assigned Leases”) said Assigned Leases to be assumed and assigned pursuant to Section 365 of the Bankruptcy Code;

(f) all of TRI’s right, title and interest under the contracts listed on Schedule 2.1(f) thereto (the “Assigned Contracts”) said Assigned Contracts to be assumed and assigned pursuant to Section 365 of the Bankruptcy Code;

(g) to the extent assignable, all permits (including all approvals, authorizations, licenses, orders, registrations, certificates, variances, exemptions and other similar permits or rights), obtained from any governmental body, all pending applications therefore, and all reclamation bonds or financial assurances posted on account thereof;

(h) any rights under or pursuant to all warranties, representations and guarantees including those made by suppliers, manufacturers and contractors to the extent relating to products sold, or services provided, to the extent affecting any acquired assets, other than any warranties, representations and guarantees to the extent pertaining to any excluded assets;

(i) all rights or causes of action arising out of occurrence that take place after the Closing, and related to the acquired assets, and all rights to insurance and condemnation proceeds relating to the damage, destruction, taking or other impairment of the acquired assets which damage, destruction, taking or other impairment occurs after the date of the Agreement and on or prior to the closing; provided, however, all avoidance actions shall constitute excluded assets; and

(j) all books, records, ledgers, files, documents (including originally executed copies of written contracts), customer and supplier lists, correspondence, memoranda, forms, lists, documents relating to the intellectual property, advertising and promotional materials, studies, reports, sales and purchase correspondence, photographs, quality control records and procedures, equipment maintenance records, manuals and warranty information, research and development files, in each case, whether in hard copy or magnetic format and in each instance, subject to its rights under Section 9.4 of the Agreement.

The closing took place on August 25, 2009, and subsequently recorded on August 26, 2009.

The real property being acquired is comprised of four parcels of approximately 120 acres located at 12311 WCR 41, Hudson, Colorado 80642, which is approximately 50 miles northeast of Denver. The property is being used as one of the largest tire landfills in the United States, and has in excess of 30,000,000 tires. It is located close to roads and railroad infrastructure.

Physical assets being acquired include the specific items listed below:

Hudson Real Property: (120 acres in four (4) Parcels) in Weld County, Colorado:

Parcel 1: The N/2 of the S/2 of the E/2 of Section 32, T3N, R65W of the 6th P.M. in Weld County, Colorado comprising of approximately 40 acres.
Parcel 2: The S/2 of the S/2 of the E/2 of Section 32, T3N, T65W of the 6th P.M. in Weld County, Colorado comprising of approximately 40 acres.
Parcel 3: Lot B of Recorded Exemption No. 1213-32-4-RE1367 Recorded September 12, 1991 in Book 1311 as Reception No. 2263003 being part of the S/2 of N/2 SE/4 of Section 32, T3N, R65W of the 6th P.M. in Weld County, Colorado comprising of approximately 5 acres.
Parcel 4: Lot A of Recorded Exemption No. 1213-32-4-RE1367 Recorded September 12, 1991 in Book 1311 as Reception No. 2263003 being part of the S/2 of N/2 of SE/4 of Section 32, T3N, R65W of the 6th P.M. in Weld County, Colorado comprising of approximately 35 acres.

Scrap Tire Inventory:

The scrap tire inventory stored in approximately 63 open cells consists of approximately 350,000+ tons of passenger, semi-truck and off-the-road (OTR) tires that have been disposed of over the past 25+ years. The 120 acre property is currently approximately 65% covered with open cells of scrap tires.

Buildings:

1-125' X 125' Coverall-Steel Frame Warehouse Building & Gas/Electric Utility
Service
1-45' X 100' Steel Office/Shop Building & Gas/Electric Utility Service
1-20' X 40' 2-Car Steel Parking Garage & Electric Utility Service

Hudson Personal Property:

1-Continental Mobile Home                1-Homilite Mobile Home
1-Set of Commercial Truck Scales         1-2005 Dodge 2500 4x4 PU
1-2000 International 4700 Box Van        1-2000 International 4700 Box Van
1-1999 GMC Box Van                       1-1998 Freightliner Truck
1-1998 Freightliner Truck                1-1994 John Deere 644C Front End Loader
1-Fiat-Allis 845C Front End Loader       1-John Deere 4020 Tractor w/Brush Hog
1-Galion Road Grader                     Attachment
1- 5 HP Air Compressor                   1-Gas Powered Wheel Crusher
1- 300 Amp Lincoln Arc Welder            1- Gas Powered Wheel De-Rimmer
Various Shop tools and supplies          1-Hotsy Steam Cleaner

No liabilities, leases, or contracts were assumed.