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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(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 5, 2010
AVRO ENERGY, INC.
(Exact name of registrant as specified in its charter)
Nevada 333-141686 20-8387017
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
213 E Arkansas Ave
Vivian, LA 71082, USA
Telephone: 318-734-4737
Address and telephone of principal executive offices:
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):
[ ] 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 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 5, 2010, Avro Energy, Inc. ("Avro" or the "Company") entered into a
definitive letter agreement (the "Agreement") to sell its Hoss Holmes Lease (the
"Lease") located near Hosston, Louisiana, to G&S Operations, a Louisiana private
oil and gas operator (the "Buyer"). The Hoss Holmes Lease is located on Section
24 Township 22 North Range 15 West Caddo Pine Island Field located near Hosston,
Louisiana.
Under the terms of the Agreement, the Buyer will immediately pay Avro $60,000 in
cash and $20,000 in equipment consisting of: one gun barrel separator; two
pumping units, tubing, and rods.
The Company is divesting itself of this non-core asset in order to further its
operations on its wells in South Arkansas. The Company plans to immediately move
the above equipment to its wells in South Arkansas in order to further increase
production on these wells. The Company believes that focusing on the Arkansas
wells will bring better value to the Company.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 10.1: Agreement setting forth the terms of agreement between the
Company and G&S Operations.
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.
AVRO ENERGY INC.
Date: March 10, 2010 By: /s/ Donny Fitzgerald
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DONNY FITZGERALD