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<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Bookman Old Style, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Bookman Old Style, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">Date of Report (Date of earliest event reported):
<U>January 23, 2012</U></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: center"><U>DALECO RESOURCES CORPORATION</U></P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in
charter)</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Bookman Old Style, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 12pt; text-decoration: underline; text-align: center">Nevada</TD>
    <TD STYLE="width: 44%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 12pt; text-decoration: underline; text-align: center">0-12214</TD>
    <TD STYLE="width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 12pt; text-decoration: underline; text-align: center">23-2860734</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -12.15pt; padding-left: 5.4pt; text-autospace: none; text-align: center">(State or other jurisdiction</TD>
    <TD STYLE="padding-right: -12.15pt; padding-left: 5.4pt; text-autospace: none; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: -12.15pt; padding-left: 5.4pt; text-autospace: none; text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -12.15pt; padding-left: 5.4pt; text-autospace: none; text-align: center">of incorporation)</TD>
    <TD STYLE="padding-right: -12.15pt; padding-left: 5.4pt; text-autospace: none; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: -12.15pt; padding-left: 5.4pt; text-autospace: none; text-align: center">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Bookman Old Style, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 81%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 12pt; text-decoration: underline; text-align: center"><U>17 Wilmont Mews, 5<SUP>th</SUP> Floor, West Chester, Pennsylvania</U></TD>
    <TD STYLE="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 12pt; text-decoration: underline; text-align: center">19382</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt; text-align: center">(Zip Code)</TD></TR>
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<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">Registrant&rsquo;s telephone number, including
area code: <U>610-429-0181</U></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;(Former name or
former address, if changed since last report.)</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 12pt Wingdings">&uml;</FONT>&#9;<FONT STYLE="font-size: 11pt">Written
communications pursuant to Rule 425 under the Securities Act (17&nbsp;CFR 230.425)</FONT></P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>&#9;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>&#9;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CF 240.14d-2(b))</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>&#9;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 11pt Bookman Old Style, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;&nbsp;</P>

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<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify"><B>Item 1.01&#9;Entry into a Material Definitive
Agreement.</B></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0; text-indent: -0.25pt">&#9;<FONT STYLE="font-size: 12pt">On January
20, 2012, the Company entered into a purchase and sale agreement (the &ldquo;Agreement&rdquo;) pursuant to which the Company has
agreed to sell certain oil and natural gas leasehold rights for cash of $898,355, subject to adjustment as to any title defect
that is not cured within the timeframe permitted by the Agreement. The closing date is February 15, 2012, or such other date as
the sellers and buyer may designate (the &ldquo;Closing Date&rdquo;). The sale is effective as of the Closing Date. The buyer&rsquo;s
title review period is the earlier of the Closing Date or February 15, 2012. </FONT></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-indent: -0.25pt">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-indent: -0.25pt">In the event the buyer asserts a title defect,
the Company will have not less than ten working days following receipt of such assertion to cure such title defect so as to be
able to deliver to buyer marketable title or to remove the defective lease from the transaction. A provision of the Agreement requires
that the Company shall not make any public announcement or statement concerning the Agreement other than that which the Company
is required to disclose on Form 8-K and other filings with the Securities and Exchange Commission.</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-indent: -0.25pt">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify"><B>Item 9.01(d)&#9;Exhibits.</B></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0; text-indent: -0.25pt">&#9;<FONT STYLE="font-size: 12pt">No exhibit
is filed herewith as the Company is bound by the confidentiality provisions of the Agreement as discussed in Item 1.01. </FONT></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-indent: -0.25pt">&nbsp;</P>

<P STYLE="font: bold 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Bookman Old Style, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0 0 0 3.5in; text-align: justify"><U>Daleco Resources Corporation</U></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0 0 0 3.5in; text-align: left">(Registrant)</P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0 0 0 3.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: normal 12pt Bookman Old Style, Times, Serif; margin: 0; text-align: justify">Date: <U>January 23, 2012</U></P>

<P STYLE="font: 12pt Bookman Old Style, Times, Serif; margin: 0 0 0 3.5in; text-align: justify"><U>/s/ Richard W. Blackstone</U></P>

<P STYLE="font: normal 12pt Bookman Old Style, Times, Serif; margin: 0 0 0 3.5in; font-variant: normal; text-align: left">Richard W. Blackstone, Vice
President and Chief Accounting Officer</P>

<P STYLE="font: normal 12pt Bookman Old Style, Times, Serif; margin: 0 0 0 3.5in; font-variant: normal; text-align: center">&nbsp;</P>

<P STYLE="font: normal 12pt Bookman Old Style, Times, Serif; margin: 0; font-variant: normal; font-variant: normal; font-variant: normal; font-variant: normal; text-align: left">&nbsp;</P>

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{"company-data": {"conformed-name": "DALECO RESOURCES CORP", "cik": "0000746967", "assigned-sic": "1311", "irs-number": "232860734", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12214", "film-number": "12538251"}, "business-address": {"street1": "17 WILMONT MEWS, 5TH FLOOR", "city": "WEST CHESTER", "state": "PA", "zip": "19382", "phone": "6104290181"}, "mail-address": {"street1": "17 WILMONT MEWS, 5TH FLOOR", "city": "WEST CHESTER", "state": "PA", "zip": "19382"}, "former-company": {"former-conformed-name": "UNITED WESTLAND RESOURCES LTD", "date-changed": "19860822"}}
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):
January 23, 2012
DALECO RESOURCES CORPORATION
(Exact name of registrant as specified in
charter)
Nevada
0-12214
23-2860734
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification No.)
17 Wilmont Mews, 5
th
Floor, West Chester, Pennsylvania
19382
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including
area code:
610-429-0181
(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 obligations of the 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 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CF 240.14d-2(b))
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01	Entry into a Material Definitive
Agreement.
On January
20, 2012, the Company entered into a purchase and sale agreement (the "Agreement") pursuant to which the Company has
agreed to sell certain oil and natural gas leasehold rights for cash of $898,355, subject to adjustment as to any title defect
that is not cured within the timeframe permitted by the Agreement. The closing date is February 15, 2012, or such other date as
the sellers and buyer may designate (the "Closing Date"). The sale is effective as of the Closing Date. The buyer's
title review period is the earlier of the Closing Date or February 15, 2012.
In the event the buyer asserts a title defect,
the Company will have not less than ten working days following receipt of such assertion to cure such title defect so as to be
able to deliver to buyer marketable title or to remove the defective lease from the transaction. A provision of the Agreement requires
that the Company shall not make any public announcement or statement concerning the Agreement other than that which the Company
is required to disclose on Form 8-K and other filings with the Securities and Exchange Commission.
Item 9.01(d)	Exhibits.
No exhibit
is filed herewith as the Company is bound by the confidentiality provisions of the Agreement as discussed in Item 1.01.
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.
Daleco Resources Corporation
(Registrant)
Date:
January 23, 2012
/s/ Richard W. Blackstone
Richard W. Blackstone, Vice
President and Chief Accounting Officer