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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WASHINGTON, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO SECTION 13 OR 15(d) OF THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date of report (Date of earliest event reported): <B>October
31, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="image_001.gif" ALT="" STYLE="height: 30px; width: 33px"><B>
<FONT STYLE="font-size: 18pt; color: blue">COLOMBIA ENERGY RESOURCES, INC.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">Delaware</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">000-32735</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">87-0567033</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center">(State or Other Jurisdiction of Incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center">Commission File Number</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center">(IRS Employer Identification No.)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 67%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline">One Embarcadero Center, Suite 500, San Francisco, CA</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">94111</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center">(Zip Code)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Registrant&rsquo;s telephone number, including area code<B>:
(415) 460-1165</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&#9;Written
communications pursuant to Rule 425 under the Securities Act</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&#9;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&#9;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&#9;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"><B>Item 5.02
&#9;<FONT STYLE="color: black">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On October 31, 2012, the Board of Directors
removed Brian Miller as Chief Financial Officer of the Company retroactive to September 30, 2012. Our employment agreement with
Mr. Miller was terminated effective September 30, 2012, due to the Company&rsquo;s current financial position.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 1, 2012, Ronald G. Stovash
resigned as a director and as Chief Executive Officer of the Company. In addition, on November 1, 2012, Peter B. Lilly resigned
as a director of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 5, 2012, Edward P. Mooney,
our current Chairman, was appointed as Interim Chief Executive Officer and was designated as the principal financial officer of
the Company. Information required pursuant to this item in regard to Mr. Mooney is included in our definitive Information Statement
for our 2012 annual meeting filed with the Commission on April 16, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 8.01&#9;Other Events</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To date, due to general financial market
conditions and, more specifically, to falling market pricing for metallurgical coal in Colombia and in other global markets, we
have been unable to secure additional funding to implement our current business plan. In response, Management has elected to reduce
operations and sell non-essential assets to preserve remaining funds until such time as additional funding can be obtained. These
cost-cutting actions include reducing administrative staff in our Bogota office. Until metallurgical coal prices rebound or additional
working capital is obtained, we have reduced mining operations at our Ruku mine and are currently producing and selling minimal
tons per month. In addition, because of a lack of funding and lack of visibility on future metallurgical coal pricing in Colombia,
we did not exercise our option to acquire the Boavita concession FFB-081 under our agreement with AMERALEX, although our association
agreement permitting us to conduct production activities on the property remains in force. We have also termination our agreement
for the North Block concession FLG-092. Management has elected to focus our near-term operations on our Ruku and Otanche concessions.
In addition to seeking new investment capital we are engaged in discussions with potential strategic operating partners, potential
customers seeking off-take agreements, and potential acquirers of the concessions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="padding: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; font-weight: bold">Colombia Energy Resources, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 3%; padding: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 47%; padding: 0; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line">Date:&nbsp; November 6, 2012</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line">By </TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-decoration: underline">/s/ Edward P. Mooney</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line">Edward P. Mooney, Interim Chief Executive Officer</TD></TR>
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[{"type": "8-K", "sequence": "1", "filename": "v327593_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 12623}]
{"company-data": {"conformed-name": "COLOMBIA ENERGY RESOURCES, INC.", "cik": "0001045390", "assigned-sic": "1221", "irs-number": "870567033", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-32735", "film-number": "121182784"}, "business-address": {"street1": "ONE EMBARCADERO CENTER", "street2": "SUITE 500", "city": "SAN FRANCISCO", "state": "CA", "zip": "94111", "phone": "415-460-1165"}, "mail-address": {"street1": "ONE EMBARCADERO CENTER", "street2": "SUITE 500", "city": "SAN FRANCISCO", "state": "CA", "zip": "94111"}, "former-company": [{"former-conformed-name": "COLOMBIA CLEAN POWER & FUELS, INC", "date-changed": "20100806"}, {"former-conformed-name": "FREEDOM RESOURCES ENTERPRISES INC", "date-changed": "20010424"}]}
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):
October
31, 2012
COLOMBIA ENERGY RESOURCES, INC.
(Exact Name of Registrant as Specified in
Charter)
Delaware
000-32735
87-0567033
(State or Other Jurisdiction of Incorporation)
Commission File Number
(IRS Employer Identification No.)
One Embarcadero Center, Suite 500, San Francisco, CA
94111
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
:
(415) 460-1165
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written
communications pursuant to Rule 425 under the Securities Act
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On October 31, 2012, the Board of Directors
removed Brian Miller as Chief Financial Officer of the Company retroactive to September 30, 2012. Our employment agreement with
Mr. Miller was terminated effective September 30, 2012, due to the Company's current financial position.
On November 1, 2012, Ronald G. Stovash
resigned as a director and as Chief Executive Officer of the Company. In addition, on November 1, 2012, Peter B. Lilly resigned
as a director of the Company.
On November 5, 2012, Edward P. Mooney,
our current Chairman, was appointed as Interim Chief Executive Officer and was designated as the principal financial officer of
the Company. Information required pursuant to this item in regard to Mr. Mooney is included in our definitive Information Statement
for our 2012 annual meeting filed with the Commission on April 16, 2012.
Item 8.01	Other Events
To date, due to general financial market
conditions and, more specifically, to falling market pricing for metallurgical coal in Colombia and in other global markets, we
have been unable to secure additional funding to implement our current business plan. In response, Management has elected to reduce
operations and sell non-essential assets to preserve remaining funds until such time as additional funding can be obtained. These
cost-cutting actions include reducing administrative staff in our Bogota office. Until metallurgical coal prices rebound or additional
working capital is obtained, we have reduced mining operations at our Ruku mine and are currently producing and selling minimal
tons per month. In addition, because of a lack of funding and lack of visibility on future metallurgical coal pricing in Colombia,
we did not exercise our option to acquire the Boavita concession FFB-081 under our agreement with AMERALEX, although our association
agreement permitting us to conduct production activities on the property remains in force. We have also termination our agreement
for the North Block concession FLG-092. Management has elected to focus our near-term operations on our Ruku and Otanche concessions.
In addition to seeking new investment capital we are engaged in discussions with potential strategic operating partners, potential
customers seeking off-take agreements, and potential acquirers of the concessions.
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.
Colombia Energy Resources, Inc.
Date:  November 6, 2012
By
/s/ Edward P. Mooney
Edward P. Mooney, Interim Chief Executive Officer