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: June 24, 2020
(Date of earliest event reported)

Royale Energy, Inc.
(Exact name of registrant as specified in its charter)

DELAWARE
 
000-55912
 
81-4596368
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)

1870 Cordell Court, Suite 210
El Cajon, California 92020
(Address of principal executive offices) (Zip Code)

(619) 383-6600
 (Registrant’s telephone number, including area code)

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:



☐     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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.   □





Item 1.01. Entry into a Material Definitive Agreement

On June 24, 2020, Matrix Oil Management Corp., a subsidiary of Royale Energy, Inc. (“Royale”) and RMX Resources LLC (“RMX”), as Sellers, entered into an agreement with 9th St. Partners, LLC, as Buyer, for the sale and purchase of a 1.7 acre tract of land in Commerce, CA owned 50/50 by Sellers, for a purchase price of approximately $2.15 million.  Royale owns a substantial interest in RMX through a joint venture with CIC RMX LP.  The closing of the transaction is subject to satisfaction of closing conditions including the receipt of all governmental approvals, satisfactory inspections and other customary items.



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.

 
ROYALE ENERGY, INC.
 
 
 
Date: June 26, 2020
By:   
/s/ Johnny Jordan
 
Name:  
Johnny Jordan, Chief Executive Officer