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):
March 31, 2011 (March 29, 2011)

NGAS Resources, Inc.

(Exact name of registrant as specified in its charter)


Province of British Columbia (State or other jurisdiction of incorporation)		0-12185 Commission File Number		Not Applicable (I.R.S. Employer Identification No.)


120 Prosperous Place, Suite 201 Lexington, Kentucky (Address of principal executive offices)		40509-1844 (Zip Code)

Registrant’s telephone number, including area code: (859) 263-3948
None
(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 obligation of the registrant under any of the following provisions (see General Instruction A.2 below):


o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2[b])


o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4[c])


Item 3.01		Notice of Delisting or Failure to Satisfy a Continuing Listing Rule or Standard; Transfer of Listing

On March 29, 2011, we received confirmation from the Nasdaq Stock Market, LLC that our application to transfer our common stock listing from the Nasdaq Global Select Market to the Nasdaq Capital Market was approved and that Nasdaq has granted the company an additional 180 days, or until September 26, 2011, to regain compliance with the $1.00 minimum closing bid price requirement under the Nasdaq listing rules. The company’s common stock began trading on the Nasdaq Capital Market and creased trading on the Nasdaq Global Select Market on March 31, 2011.

SIGNATURE

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.


	NGAS RESOURCES, INC.
	By:	/s/ William S. Daugherty
		William S. Daugherty,
		President and Chief Executive Officer

Date: March 31, 2011

NGAS Resources Inc 8-K