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 21, 2011
SYNERGY RESOURCES CORPORATION
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(Exact name of registrant as specified in its charter)
Colorado None 20-2835920
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
20203 Highway 60
Platteville, Colorado 80651
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (970) 737-1073
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N/A
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(Former name or former address if changed since last report)
Check 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-14(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement
See Item 3.02 of this report.
Item 3.02. Unregistered Sales of Equity Securities
On March 21, 2011, Synergy Resources Corporation issued 1,312,796 shares of
its common stock to fourteen persons in consideration for the assignment by
these persons of oil and gas leases. The leases cover 89,805 gross (80,334 net)
acres in the Denver-Julesburg Basin. George Seward, a director of the Company,
received 337,523 of these shares for his assignement of leases covering 19,852
net acres.
The 1,312,796 shares of common stock were not registered under the
Securities Act of 1933 and are restricted securities. The Company relied upon
the exemption provided by Section 4(2) of the Securities Act of 1933 in
connection with the issuance of the shares.
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.
Date: March 21, 2011
SYNERGY RESOURCES CORPORATION
By: /s/ Ed Holloway
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Ed Holloway, President
