BLACK RIDGE OIL & GAS, INC. (OTCMKTS:ANFC) Files An 8-K Regulation FD Disclosure

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BLACK RIDGE OIL & GAS, INC. (OTCMKTS:ANFC) Files An 8-K Regulation FD Disclosure

BLACK RIDGE OIL & GAS, INC. (OTCMKTS:ANFC) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure

On October 23, 2019, Black Ridge Oil & Gas, Inc. (“Black Ridge” or the “Company”) issued a press release announcing that its Board of Directors has undertaken a strategic review  to identify, review and explore alternatives for the Company, including a merger, acquisition, or a business combination. The Company cautions that there can be no assurance that a potential transaction will occur, that any such potential transaction that is pursued will be approved or consummated, or what a potential transaction would mean for value to Black Ridge shareholders. The Company does not intend to disclose developments relating to its strategic review unless and until its Board of Directors has approved a specific agreement or transaction.

The Company currently owns 2,685,500 shares of Allied Esports Entertainment, Inc. (NASDAQ: AESE). (“Sponsor Shares”). 537,100 of the Sponsor Shares are subject to distribution rights to officers and directors under the 2018 Management Incentive Plan dated March 6, 2018. Black Ridge is evaluating plans for the remaining Sponsor Shares which could include a distribution of some or all of the Sponsor Share proceeds after expiration of the lock-up agreement on August 9, 2020.

The full text of the press release is furnished as Exhibit 99.1 and is available on the Company’s investor relations website at https://ir.stockpr.com/blackridgeoil/overview.

This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. 

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits


Black Ridge Oil & Gas, Inc. Exhibit
EX-99.1 2 blackridge_8k-ex9901.htm PRESS RELEASE Exhibit 99.1     Black Ridge Oil & Gas,…
To view the full exhibit click here

About BLACK RIDGE OIL & GAS, INC. (OTCMKTS:ANFC)

Black Ridge Oil & Gas, Inc. is an oil and natural gas exploration and production company. The Company’s properties are located in North Dakota and Montana. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas properties, primarily in the Bakken and Three Forks trends in North Dakota and Montana. The Company is engaged in crude oil and natural gas exploration and production by participating on a pro-rata basis with operators in wells drilled and completed in spacing units that include its acreage under lease. It has proven oil and gas reserves of approximately 2.3 million barrels of oil equivalents, owns interest in over 349 gross (10.95 net) producing oil and gas wells, and controls rights to mineral leases covering approximately 8,100 net acres for prospective drilling to the Bakken and/or Three Forks formations. The Company controls approximately 7,400 net acres in the Williston Basin.