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)
Item 2.01 Completion of Acquisition or Disposition of Assets
On January 13, 2011 the Company entered into an agreement with an
independent oil and gas exploration and production corporation which provided
for the sale by the Company of oil and gas leases from the Company.
On January 14, 2011 the Company received a down payment of $565,439 toward
the final purchase price.
The closing of the transaction took place on March 21, 2011. On that date
the Company received a second payment for $4,679,078. In consideration for the
payments received, the Company will assign leases covering 2,383 net acres to
the independent oil and gas company.
The oil and gas leases which were the subject of the transaction are all
located in Weld and Morgan Counties, Colorado. There are no oil or gas wells on
any of the leases.
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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 24, 2011
SYNERGY RESOURCES CORPORATION
By: /s/ William E. Scaff, Jr.
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William E. Scaff, Jr., Vice President
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