---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-003170"
form_type: "8-K/A"
ticker: null
cik: "0001508786"
company_name: "SILVERTON ENERGY, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:38:10.847243+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Silverton Energy acquires AHIC and Agrawal oil & gas leases; $81M and $3.5M notes

## Summary
- Acquired AHIC Oklahoma oil & gas leases for $81M via 20-year non-interest bearing promissory note secured by assets; credit for investor intros.
- Acquired Agrawal working/royalty interests for $3.5M via convertible note into Class A common at market value within 13 months; $150K due in 6 months.
- Corrected ownership: CEO Samuel Smith 32,003,266 Class A shares (33.6%), COO John Long 30,000,000 (31.5%); total issued 95,100,000 shares.
- Assets held in escrow until full payment; AHIC can foreclose or convert $81M to preferred stock after 2044 default.

## SEC filing metadata
- accession: 0001683168-24-003170
- form_type: 8-K/A
- cik: 0001508786
- company_name: SILVERTON ENERGY, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 101.1, 2.01, 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1508786/000168316824003170/0001683168-24-003170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1508786/000168316824003170/silverton_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-003170
- JSON: https://secwatch.observer/filing/0001683168-24-003170.json
- Plain text: https://secwatch.observer/filing/0001683168-24-003170.txt

## Key facts
- Material Agreements
  SILVERTON ENERGY, INC. entered into Agrawal Acquisition Agreement with Kris Agrawal and Kris K. Agrawal, et al, Exxon Oil & Gas, Inc., Vance-1 Properties, LLC valued at $3,500,000.00 (effective 2024-04-04).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Kris Agrawal and Kris K. Agrawal, et al, Exxon Oil & Gas, Inc., Vance-1 Properties, LLC
  - Value: $3,500,000.00
  - Effective: 2024-04-04
  source text: On May 01, 2024, the Company entered into an "Acquisition Agreement" between AHIC and SLTN, as the "Buyer" and Kris Agrawal and Kris K. Agrawal, et al, Exxon Oil & Gas, Inc., Vance-1 Properties, LLC, as the "Seller" (the Agrawal Acquisition Agreement"), with an effective date of April 04, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1508786/000168316824003170/0001683168-24-003170-index.htm
- Material Agreements
  SILVERTON ENERGY, INC. entered into AHIC Acquisition Agreement with American Heritage Investment Capital, LP. ("AHIC") valued at $81,000,000 (effective 2024-05-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: American Heritage Investment Capital, LP. ("AHIC")
  - Value: $81,000,000
  - Effective: 2024-05-01
  source text: On May 01, 2024, the Company entered into an "Acquisition Agreement" between the Company as the Buyer, and American Heritage Investment Capital, LP. ("AHIC"), (the "AHIC Acquisition Agreement"
  evidence_url: https://www.sec.gov/Archives/edgar/data/1508786/000168316824003170/0001683168-24-003170-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.