AMAZING ENERGY OIL AND GAS, CO. (OTCMKTS:AMAZ) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01
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ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT |
On June 22, 2017, we and Kisa Gold Mining, Inc, our wholly owned
Alaska subsidiary corporation (“Kisa”), entered into a Purchase
Agreement with Afranex Gold Limited, a Canadian corporation and
its wholly owned subsidiary corporation, Afranex (Alaska)
Limited, an Alaska corporation (collectively Afranex”) to convey
to Afranex (Alaska) Limited, all of Kisa’s interest in and to 88
Alaska mining claims located in the Bethel and Kuskokwim
Recording Districts, Fourth Judicial District, State of Alaska,
together with all appurtenances, tailings, residues, waste rock
and other minerals resulting from our operations and activities
thereon.
The consideration for the conveyance was US$300,000 which Afranex
has paid to us. A list of the 88 mining claims is attached as an
exhibit to the Purchase Agreement filed herewith.
The foregoing transaction was completed upon our delivery of a
quit claim deed to Afranex covering the 88 mining claims.
On June 22, 2017, we and Kisa Gold Mining, Inc, our wholly owned
Alaska subsidiary corporation (“Kisa”), entered into a Purchase
Agreement with Afranex Gold Limited, a Canadian corporation and
its wholly owned subsidiary corporation, Afranex (Alaska)
Limited, an Alaska corporation (collectively Afranex”) to convey
to Afranex (Alaska) Limited, all of Kisa’s interest in and to 88
Alaska mining claims located in the Bethel and Kuskokwim
Recording Districts, Fourth Judicial District, State of Alaska,
together with all appurtenances, tailings, residues, waste rock
and other minerals resulting from our operations and activities
thereon.
The consideration for the conveyance was US$300,000 which Afranex
has paid to us. A list of the 88 mining claims is attached as an
exhibit to the Purchase Agreement filed herewith.
The foregoing transaction was completed upon our delivery of a
quit claim deed to Afranex covering the 88 mining claims.
On June 22, 2017, we and Kisa Gold Mining, Inc, our wholly owned
Alaska subsidiary corporation (“Kisa”), entered into a Purchase
Agreement with Afranex Gold Limited, a Canadian corporation and
its wholly owned subsidiary corporation, Afranex (Alaska)
Limited, an Alaska corporation (collectively Afranex”) to convey
to Afranex (Alaska) Limited, all of Kisa’s interest in and to 88
Alaska mining claims located in the Bethel and Kuskokwim
Recording Districts, Fourth Judicial District, State of Alaska,
together with all appurtenances, tailings, residues, waste rock
and other minerals resulting from our operations and activities
thereon.
The consideration for the conveyance was US$300,000 which Afranex
has paid to us. A list of the 88 mining claims is attached as an
exhibit to the Purchase Agreement filed herewith.
The foregoing transaction was completed upon our delivery of a
quit claim deed to Afranex covering the 88 mining claims.
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Exhibit No. |
Document Description |
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10.1 |
Purchase Agreement with Kisa Gold Mining Inc., Afranex Gold Limited and Afranex (Alaska) Limited dated June 22, 2017 |
Amazing Energy Oil & Gas, Co. ExhibitEX-10.1 2 exh10-1.htm PURCHASE AGREEMENT WITH KISA GOLD MINING INC.,…To view the full exhibit click here About AMAZING ENERGY OIL AND GAS, CO. (OTCMKTS:AMAZ)
Amazing Energy Oil and Gas, Co. is an independent energy company. The Company is engaged in the business of exploration, development and production of oil and gas in the Permian Basin of West Texas. The Company is also engaged in the production and sale of oil and natural gas. The Company is developing resource potential from the Queens formation. Its additional drilling targets include the Greyburg, San Andreas and Devonian zones. As of July 31, 2016, the Company had leasehold rights within approximately 70,000 contiguous acres in Pecos County, Texas, which lies within the Permian Basin. The property is located in the Northeast region of the County. The Pecos leasehold lies within the White & Baker Field and portions of the Walker Field. The Pecos leasehold consists of multiple leases. As of July 31, 2016, its estimated net proved reserves were 745,190 barrels of oil equivalent (BOE). As of July 31, 2016, the Company owned 22 oil and gas wells in the Permian Basin.