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Item 3.02 Unregistered Sales of
On
(the “Company”) approved and authorized, by unanimous written consent, the
issuance of 1,600,000 shares of common stock,
at
liability company (“Taxodium”), in consideration for the sale and assignment of
various mineral and oil and gas royalty interests in and to certain properties
located in
wholly-owned subsidiary of the Company organized under the laws of
The Acquisition was completed on
At the request and the instructions of Taxodium, the Company issued the Shares
to all members of Taxodium, on the pro rata basis of their ownership interest in
Taxodium. The Company issued the Shares in reliance upon an exemption from the
registration requirements under Section 4(a)(2) under the Securities Act of
1933.
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