EnerJex Resources, Inc. (OTCMKTS:ENRJP) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sale of Equity Securities.

Private Placement

On December 20, 2017, EnerJex Resources, Inc. (the “Company”) entered into a Stock Purchase Agreement for the sale of 1,061,750 shares of its Series A 10% Preferred Stock (“Preferred Stock”). The Preferred Stock was sold to one investor at $0.612 per share or the aggregate of $649,791. The Company intends to use the proceeds from the sale of the Preferred Stock to satisfy certain closing conditions of its previously announced Agreement and Plan of Merger with AgEagle Aerial Systems Inc.

The Preferred Stock was issued to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933. The securities will not be or have not been registered under The Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The above agreement is qualified in its entirety by the contract between the Company and the Purchaser. A copy thereof is attached as Exhibit 10.01 and incorporated by reference herein.

EnerJex Resources, Inc. Exhibit
EX-10.1 2 tv481769_ex10-1.htm EXHIBIT 10.1   Exhibit 10.1   SECURITIES PURCHASE AGREEMENT   This Securities Purchase Agreement (this “Agreement”) is dated as of December 20,…
To view the full exhibit click here

About EnerJex Resources, Inc. (OTCMKTS:ENRJP)

EnerJex Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, development, exploitation and production of crude oil and natural gas properties in the United States. The crude oil and natural gas is obtained by the acquisition and subsequent exploration and development of mineral leases. Development and exploration include drilling exploratory or development wells on these leases. These operations are conducted primarily in Kansas, Colorado, Nebraska and Texas. The Company’s Colorado properties include Adena, Hereford, Seven Cross, Niobrara-Colorado and Niobrara-Nebraska. The Company’s Kansas properties include Mississippian Project and Cherokee Project. Its Texas properties include El Toro Project. The Company’s total net proved oil and gas reserves are approximately 2.6 million barrels of oil equivalents (BOE).