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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): May 19, 2015
SYNERGY RESOURCES CORPORATION
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(Exact name of Registrant as specified in its charter)
Colorado 001-35245 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.
Previously the Company had entered into various agreements with Foreland
Investments LP (and affiliates) under which it acquired a 65% working interest
in an Area of Mutual Interest ("AMI") covering approximately 45,000 net acres in
the NE Wattenberg Extension Area of the Denver Julesberg Basin.
On May 19, 2015 the Company entered into an agreement to acquire the
remaining 35% working interest in the AMI owned by Forelad. Upon closing, the
acquisition will increase the Company's position in the NE Wattenberg Extension
Area by 15,800 net acres to a total of 56,000 net acres.
The purchase price for the remaining interest in the leases will be $250
per net acre, payable in 323,745 restricted shares of the Company's common
stock, equating to approximately $3.9 million based on a price per share of
$12.19. Closing on this acquisition is scheduled to take place before May 31,
2015, subject to customary closing conditions.
On May 22, 2015, the Company issued a press release, attached as Exhibit
99, concerning the Agreement.
Item 9.01. Financial Statements and Exhibits.
Number Description
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99 May 22, 2015 press release
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: May 22, 2015
SYNERGY RESOURCES CORPORATION
By: /s/ Frank L. Jennings
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Frank L. Jennings, Principal Financial and
Accounting Office
