BLACK STALLION OIL AND GAS INC. (OTCMKTS:BLKG) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity
Securities
As previously disclosed, on February 12, 2016, our company
entered into a contracting arrangement (the Contractor
Agreement) with Ira Morris, our sole director and
officer. to the terms of the Contractor Agreement, and in
settlement of amounts owed, we have issued 58,133,333 restricted
shares of common stock to Mr. Morris, of which 24,000,000 shares
were on issued May 9, 2017 and 34,133,333 shares were issued June
12, 2017. We issued the foregoing shares to one (1) non-US person
(as that term is defined in Regulation S of the Securities Act of
1933), in an offshore transaction relying on Regulation S of the
Securities Act of 1933, as amended.
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About BLACK STALLION OIL AND GAS INC. (OTCMKTS:BLKG)
Black Stallion Oil and Gas, Inc. is a development-stage and exploration-stage company. The Company is engaged in the acquisition and exploration of oil and gas properties. The Company is focused on engaging in oil and gas exploration, acquiring and developing oil and gas properties, and selling oil and gas produced. The Company plans to locate and lease existing wells for reactivation for the production of oil and gas that it will then sell, through an operator, to oil and gas brokers and gatherers. The Company has interest in West Bakken’s interest in certain oil and gas properties consisting of approximately 12,233.93 acres in Montana. The Company has also engaged an independent geological firm to identify the prospective zones and recommendations for additional detailed analysis for these leases. The Company is examining oil and gas exploration opportunities in the Rocky Mountain states in Montana, Wyoming and Colorado. The Company has not generated revenues from operations.
