Attached files
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): April 30, 2015
SYNERGY RESOURCES CORPORATION
-----------------------------
(Exact name of Registrant as specified in its charter)
Colorado 001-35245 20-2835920
------------------------- ------------------- -------------------
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
20203 Highway 60
Platteville, Colorado 80651
---------------------------------------
(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (970) 737-1073
--------------
N/A
-------------------------------------
(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 2.01. Completion of Acquisition or Disposition of Assets
On April 27, 2015 the Company acquired an undivided 30% working interest in
undeveloped oil and gas leases from Vectra Oil & Gas, Ltd. The leases cover
approximately 45,000 gross (13,500 net) acres in the NE Wattenberg Extension
Area of the DJ Basin.
The purchase price for the leases was $250 per net acre, payable in 287,642
restricted shares of the Company's common stock, equating to approximately $3.4
million based on a price per share of $11.76.
Item 3.02. Unregistered Sales of Equity Securities
See Item 2.01 of this report.
The Company relied upon the exemption provided by Section 4(a)(2) of the
Securities Act of 1933 (the "Securities Act") in connection with sale and
issuance of the shares mentioned in Item 2.01 of this report. Vectra Oil & Gas,
Ltd. was a "sophisticated investor" and was provided full information regarding
the Company's business and operations. There was no general solicitation in
connection with the offer or sale of these securities. Vectra acquired these
securities for its own account. The certificate representing the shares of
common stock bears a restricted legend providing that they cannot be sold except
pursuant to an effective registration statement or an exemption from
registration under the Securities Act. No commission was paid to any person in
connection with the sale or issuance of these securities.
Item 9.01. Financial Statements and Exhibits
Exhibit No. Description
---------- ------------
99 Press Release dated April 30, 2015, announcing the acquisition of
oil and gas leases from Vectra Oil & Gas, Ltd.
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: April 30, 2015
SYNERGY RESOURCES CORPORATION
By: /s/ Frank L. Jennings
----------------------------------
Frank L. Jennings, Principal Financial
and Accounting Officer
