Royale Energy, Inc. (OTCMKTS:ROYL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
6, 2017, attaches a revised Exhibit 2.1 which provides in its
preamble that the Agreement and Plan of Merger which is being
amended is the original merger agreement between Royale Energy,
Inc., Royale Energy Holdings, Inc., Royale Energy Sub, Inc.,
Matrix Merger Sub, Inc., and Matrix Oil Management Corporation
dated November 30, 2016, rather than the amended and restated
merger agreement dated as of December 31, 2016. The amended and
restated merger agreement (previously filed) will become
effective subject to approval by certain senior debt holders of
Matrix Oil Management Corporation and its affiliates. The revised
Exhibit 2.1 is identical in its substantive terms to Exhibit 2.1
as originally filed.
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Exhibit No.
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Description
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2.1
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Second Amendment to the Agreement and Plan of Merger and
Reorganization dated November 30, 2016, effective as of December 31, 2016, among Royale, Royale Energy Holdings, Inc., a Delaware corporation, Royale Merger Sub, Inc., Matrix Merger Sub, Inc., and Matrix Oil Management Corporation. |
About Royale Energy, Inc. (OTCMKTS:ROYL)
Royale Energy, Inc. is an independent oil and natural gas producer. The Company is engaged in the production and sale of natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of exploratory and development wells, and selling of fractional working interests in its wells to be drilled. The Company owns wells and leases located mainly in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas, Oklahoma, Louisiana and Alaska. The Company sells a portion of the working interest in each well it drills or participates in to third party investors and retains a portion of the prospect for its own account. The Company owns proved developed producing and non-producing reserves of oil and natural gas in Utah, Texas, Oklahoma and Louisiana, as well as prospective shale oil property in Alaska. The Company has drilled over two wells in northern California. Royale Energy, Inc. (OTCMKTS:ROYL) Recent Trading Information
Royale Energy, Inc. (OTCMKTS:ROYL) closed its last trading session up +0.019 at 0.390 with shares trading hands.