UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

                                 Current Report
     Pursuant to Section 13 or 15(a) of the Securities Exchange Act of 1934

Date of Report: September 22, 2005

                          DALECO RESOURCES CORPORATION
               (Exact name of registrant as specified in Charter)
<TABLE>
<CAPTION>

<S>                                              <C>                                    <C>
         Nevada                                  0-12214                                23-2860734
---------------------------------         ---------------------------      -----------------------------------------
(State or other jurisdiction                 (Commission File No)           (IRS Employee Identification No.)
      of Incorporation)
</TABLE>

            120 North Church Street, West Chester, Pennsylvania 19380
                    (Address of principal executive offices)

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))

<PAGE>

Item 3.02 Unregistered Sales of Equity Securities.

      On September 21, 2005, the Registrant closed a private placement offering
for 6,500,000 shares of the Registrant's Common Stock pursuant to an Exemption
under Section 506 of Regulation D. The Offering was for Units consisting of
20,000 shares of Common Stock at $.25 per share plus warrants for the
Registrant's Common Stock. The Investors are entitled to Warrants for one share
of Common Stock for each two (2) share of Common Stock purchased pursuant to the
Offering in the first year after the purchase of the Common Stock
("Participation Warrants") and Contingent Warrants for one share of Common Stock
for each two (2) shares of Common Stock purchased pursuant to the Offering in
the second year after the purchase of the Common Stock and the exercise of the
Participation Warrants ("Contingent Warrants"). The price per Unit was $5,000
with a minimum purchase of five (5) Units ($25,000).

      The Common Stock issued under the Offering and upon the exercise of the
Warrants will be unregistered, will bear a restrictive legend and is subject to
certain piggyback registration rights and demand registration rights.

      The proceeds of the Offering, $1,625,000 will be used to satisfy the
Registrant's obligation to retire its Class A Preferred Stock (See "Kane
Litigation", footnote 14(a) to the Registrant's Annual Report of Form 10-KSB for
the period ending September 30, 2004 and footnote 14(a) to the Company's
quarterly report for the period ending June 30, 2005) and for general working
capital.

      The Offering was sold exclusively by officers and directors of the
registrant. As such, no commissions were paid. All Investors are accredited
investors and were required to execute a subscription document attesting to that
fact. The Investors were both existing shareholders of the Registrant and new
Investors.

      The total gross proceeds of the Offering was $1, 625,000. Legal fees of
$12,000 were paid to counsel for the Registrant.

      Reference is made to the Company's filing on Form D, filed on September
22, 2005.

Exhibits:

      None.

                                       2
<PAGE>

                                   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:  September 22, 2005
                                                    /s/ Gary J. Novinskie
--------------------------------------------------------------------------------
                                                    Gary J. Novinskie, President
{"company-data": {"conformed-name": "DALECO RESOURCES CORP", "cik": "0000746967", "assigned-sic": "1311", "irs-number": "232860739", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12214", "film-number": "051099351"}, "business-address": {"street1": "120 NORTH CHURCH STREET", "city": "WEST CHESTER", "state": "PA", "zip": "19380", "phone": "6104290181"}, "mail-address": {"street1": "120 NORTH CHURCH STREET", "city": "WEST CHESTER", "state": "PA", "zip": "19380"}, "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(a) of the Securities Exchange Act of 1934

Date of Report: September 22, 2005

                          DALECO RESOURCES CORPORATION
               (Exact name of registrant as specified in Charter)
Nevada                                  0-12214                                23-2860734
---------------------------------         ---------------------------      -----------------------------------------
(State or other jurisdiction                 (Commission File No)           (IRS Employee Identification No.)
      of Incorporation)
120 North Church Street, West Chester, Pennsylvania 19380
                    (Address of principal executive offices)

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 3.02 Unregistered Sales of Equity Securities.

      On September 21, 2005, the Registrant closed a private placement offering
for 6,500,000 shares of the Registrant's Common Stock pursuant to an Exemption
under Section 506 of Regulation D. The Offering was for Units consisting of
20,000 shares of Common Stock at $.25 per share plus warrants for the
Registrant's Common Stock. The Investors are entitled to Warrants for one share
of Common Stock for each two (2) share of Common Stock purchased pursuant to the
Offering in the first year after the purchase of the Common Stock
("Participation Warrants") and Contingent Warrants for one share of Common Stock
for each two (2) shares of Common Stock purchased pursuant to the Offering in
the second year after the purchase of the Common Stock and the exercise of the
Participation Warrants ("Contingent Warrants"). The price per Unit was $5,000
with a minimum purchase of five (5) Units ($25,000).

      The Common Stock issued under the Offering and upon the exercise of the
Warrants will be unregistered, will bear a restrictive legend and is subject to
certain piggyback registration rights and demand registration rights.

      The proceeds of the Offering, $1,625,000 will be used to satisfy the
Registrant's obligation to retire its Class A Preferred Stock (See "Kane
Litigation", footnote 14(a) to the Registrant's Annual Report of Form 10-KSB for
the period ending September 30, 2004 and footnote 14(a) to the Company's
quarterly report for the period ending June 30, 2005) and for general working
capital.

      The Offering was sold exclusively by officers and directors of the
registrant. As such, no commissions were paid. All Investors are accredited
investors and were required to execute a subscription document attesting to that
fact. The Investors were both existing shareholders of the Registrant and new
Investors.

      The total gross proceeds of the Offering was $1, 625,000. Legal fees of
$12,000 were paid to counsel for the Registrant.

      Reference is made to the Company's filing on Form D, filed on September
22, 2005.

Exhibits:

      None.

                                       2
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:  September 22, 2005
                                                    /s/ Gary J. Novinskie
--------------------------------------------------------------------------------
                                                    Gary J. Novinskie, President