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 31, 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 8.01. Other Events
Between December 2009 and March 2010, Synergy sold 180 Units at a price of
$100,000 per Unit to private investors. Each Unit consisted of one $100,000 note
and 50,000 Series C warrants. The notes could be converted into shares of
Synergy's common stock, initially at a conversion price of $1.60 per share, at
the option of the holder.
As of March 31, 2011, all of the note holders had converted, or had agreed
to convert, all $18,000,000 of the notes into 11,250,000 shares of Synergy's
common stock.
Synergy relied upon the exemption provided by Section 3(a)(9) of the
Securities Act of 1933 in issuing these 11,250,000 shares.
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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: April 1, 2011
SYNERGY RESOURCES CORPORATION
By: /s/ William E. Scaff, Jr.
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William E. Scaff, Jr., Vice President
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