USA Recycling Industries, Inc. (USRI)

[markrhead]

maybe if they knew how to write a press release and shareholder update they would not have to cut the options price in half. It doesn't seem that management gives much consideration to the shareholders' investment

Form 8-K/A for VOYAGER PETROLEUM, INC.


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5-Nov-2007

Entry into a Material Definitive Agreement, Change in Directors or Prin



ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On October 29, 2007, Voyager Petroleum, Inc. (the "Company") entered into a Seventh Amendment to the Purchase and Sale Agreement ("Purchase Agreement") with Deacon Enterprises, Inc. ("Deacon"), a Michigan corporation, for the purchase of a processing facility located in Detroit, Michigan (the "Seventh Amendment"). Pursuant to the terms of the Seventh Amendment, the Company's right to inspect and evaluate the property was extended from September 30, 2007 until December 31, 2007 at 5:00 EST without any additional cost to the Company. The extensions to the Purchase Agreement have been necessary to evaluate certain title of property issues and obtain appropriate consents to the purchase and the easements. If the Closing does not occur by December 31, 2007, Deacon may terminate the Agreement and retain the $35,000 deposit held in escrow. A copy of the Seventh Amendment is attached hereto as Exhibit 99.1.

The processing facility is located at 600 Deacon St. in Detroit, Michigan. The Company completed a Phase II Environmental Site assessment of the processing facility in May, 2007. This facility includes a 20,000 sq. ft. plant located on 3.5 acres of land and is utilized for processing and bottling reclaimed used oil and blending premium oil. It encompasses a processing plant, warehouse space and offices with on-site railroad access and multiple loading docks. The plant houses 22 outside storage tanks and 32 inside storage tanks for total storage capacity of 718,000 gallons.





ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY

ARRANGEMENTS OF CERTAIN OFFICERS.
On November 2, 2007, the Board of Directors of the Company approved a reduction in the exercise price of an aggregate of 5,000,000 options to purchase shares of the Company's common stock issued to Cathy Persin on July 17, 2007 from an exercise price of $0.124 to $0.0467, which represents the closing bid price of the Corporation's common stock as quoted on the Over-the-Counter Bulletin Board on November 2, 2007.

On November 2, 2007, the Company awarded Sebastien C. Dufort, our President, 7,500,000 options to purchase common stock at a strike price of $0.0467, the closing bid price of the Company's common stock as reported on the Over-the-Counter Bulletin Board on November 2, 2007. All 7,500,000 options vested on the date of issuance. The options with expire on November 2, 2012.

On November 2, 2007, the Company awarded Cathy A, Persin, our Chief Financial Officer and Corporate Secretary, 1,500,000 options to purchase common stock at a strike price of $0.0467, the closing bid price of the Company's common stock as reported on the Over-the-Counter Bulletin Board on November 2, 2007. All 1,500,000 options vested on the date of issuance. The options with expire on November 2, 2012.