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: January 27, 2006
               ------------------

                          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
of Incorporation)                                           Identification No.)

            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 5.02.

      Departure of  directors or  Principals  Officers,  Election of  Directors;
Appointment of Principal Officers:

Appointment of New Director:

      Consistent  with the  Company's  announced  intent to augment its Board of
Directors with independent  directors with extensive experience in the petroleum
and natural resources industries, the following individual has been appointed to
the Board of Directors of the Company effective as of January 27, 2006:

      Charles T. Maxwell (74)

      Mr. Maxwell was educated at Princeton as an undergraduate  and Oxford as a
graduate. Mr. Maxwell entered the oil industry in 1957 and worked for Mobile Oil
Company for 11 years in the United States,  Europe,  the Middle-east and Africa.
His background has been in four traditional sectors of the industry - producing,
refining,   transportation,  and  marketing.  In  1968,  Mr.  Maxwell  joined  a
well-known Wall Street Firm as an oil analyst.  In polls taken by  Institutional
Investor magazine,  Mr. Maxwell has been ranked by the US financial institutions
as the No. 1 oil  analyst  for the years  1972,  1974,  1977 and  1981-1986.  In
addition,  for the last 22 years he has been an active member of an Oxford based
organization  comprised of OPEC and other industry  executives from 30 countries
who meet twice a year to discuss trends within the energy industry.  Mr. Maxwell
is currently affiliated with Weeden & Co., LLP, Greenwich, Connecticut.


Notice of Intent Not to Stand for Re-election:

      Messrs.:  Alfonso Knoll,  Beau Kelly and Mr. Steven P Roche,  Directors of
the Company, advised the Company that they would not be standing for re-election
at the next meeting of  Stockholders.  Each of Messrs.:  Knoll,  Roche and Kelly
indicated  that  they  believed  that  they  would  not be  able to  devote  the
appropriate  time to the  performance  of their  duties as a director due to the
increased time demands on their own businesses and other commitments.  Mr. Roche
and Mr.  Kelly  joined  to the  Board in 2005.  Mr.  Knoll  joined  the Board of
Directors in 2002 and stood for reelection in 2003, 2004 and 2005.

      Each of Messrs.  Knoll, Kelly, Roche and Maxwell have been provided with a
copy of this 8-K and have been offered the opportunity to provide the Registrant
with a  letter  stating  whether  he  agrees  with  the  statements  made by the
Registrant  in response to this Item 5.02 and, if not,  stating the  respects in
which he does not agree.  Should  the  Registrant  receive a letter  from any of
Messrs.:  Knoll,  Roche,  Kelly or Maxwell,  the  Registrant  shall file same by
Amendment to this Form 8-K within two (2) business  days after receipt of such a
letter by the Registrant.


                                      -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:  January 27, 2006
                                                   /s/ Gary J. Novinskie
                                                   ----------------------------
                                                   Gary J. Novinskie, President


                                      -3-
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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: January 27, 2006
               ------------------

                          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
of Incorporation)                                           Identification No.)

            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 5.02.

      Departure of  directors or  Principals  Officers,  Election of  Directors;
Appointment of Principal Officers:

Appointment of New Director:

      Consistent  with the  Company's  announced  intent to augment its Board of
Directors with independent  directors with extensive experience in the petroleum
and natural resources industries, the following individual has been appointed to
the Board of Directors of the Company effective as of January 27, 2006:

      Charles T. Maxwell (74)

      Mr. Maxwell was educated at Princeton as an undergraduate  and Oxford as a
graduate. Mr. Maxwell entered the oil industry in 1957 and worked for Mobile Oil
Company for 11 years in the United States,  Europe,  the Middle-east and Africa.
His background has been in four traditional sectors of the industry - producing,
refining,   transportation,  and  marketing.  In  1968,  Mr.  Maxwell  joined  a
well-known Wall Street Firm as an oil analyst.  In polls taken by  Institutional
Investor magazine,  Mr. Maxwell has been ranked by the US financial institutions
as the No. 1 oil  analyst  for the years  1972,  1974,  1977 and  1981-1986.  In
addition,  for the last 22 years he has been an active member of an Oxford based
organization  comprised of OPEC and other industry  executives from 30 countries
who meet twice a year to discuss trends within the energy industry.  Mr. Maxwell
is currently affiliated with Weeden & Co., LLP, Greenwich, Connecticut.

Notice of Intent Not to Stand for Re-election:

      Messrs.:  Alfonso Knoll,  Beau Kelly and Mr. Steven P Roche,  Directors of
the Company, advised the Company that they would not be standing for re-election
at the next meeting of  Stockholders.  Each of Messrs.:  Knoll,  Roche and Kelly
indicated  that  they  believed  that  they  would  not be  able to  devote  the
appropriate  time to the  performance  of their  duties as a director due to the
increased time demands on their own businesses and other commitments.  Mr. Roche
and Mr.  Kelly  joined  to the  Board in 2005.  Mr.  Knoll  joined  the Board of
Directors in 2002 and stood for reelection in 2003, 2004 and 2005.

      Each of Messrs.  Knoll, Kelly, Roche and Maxwell have been provided with a
copy of this 8-K and have been offered the opportunity to provide the Registrant
with a  letter  stating  whether  he  agrees  with  the  statements  made by the
Registrant  in response to this Item 5.02 and, if not,  stating the  respects in
which he does not agree.  Should  the  Registrant  receive a letter  from any of
Messrs.:  Knoll,  Roche,  Kelly or Maxwell,  the  Registrant  shall file same by
Amendment to this Form 8-K within two (2) business  days after receipt of such a
letter by the Registrant.

                                      -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:  January 27, 2006
                                                   /s/ Gary J. Novinskie
                                                   ----------------------------
                                                   Gary J. Novinskie, President

                                      -3-