--- schema_version: "secwatch.filing_event.v1" accession: "0001683168-24-003611" form_type: "8-K/A" ticker: null cik: "0001508786" company_name: "SILVERTON ENERGY, INC." filed_at: "2024-05-17T23:59:59+00:00" generated_at: "2026-06-01T15:28:55.706823+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Silverton Energy acquires Oklahoma oil & gas leases; $81M AHIC deal and $3.5M Agrawal deal ## Summary - Executed two acquisition agreements on May 1, 2024: AHIC Assets ($81M) and Agrawal Assets ($3.5M). - AHIC purchase price paid via $81M, 20-year, non-interest bearing promissory note secured by assets due May 1, 2044. - Agrawal purchase price paid via $3.5M convertible note convertible into Class A common stock at market value within 13 months. - AHIC note includes credit: for each $15M institutional investment, $3M credited; default allows foreclosure or conversion to preferred stock. - Assets held in escrow until full payment; Agrawal assets require $150,000 improvement payment within six months. ## SEC filing metadata - accession: 0001683168-24-003611 - form_type: 8-K/A - cik: 0001508786 - company_name: SILVERTON ENERGY, INC. - filed_at: 2024-05-17T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.01, 5.06, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1508786/000168316824003611/0001683168-24-003611-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1508786/000168316824003611/silverton_8ka.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001683168-24-003611 - JSON: https://secwatch.observer/filing/0001683168-24-003611.json - Plain text: https://secwatch.observer/filing/0001683168-24-003611.txt ## Key facts - Governance Changes SILVERTON ENERGY, INC.: Company ceased being a shell company; OTC Markets removed shell company status (effective 2024-04-10). - Change: shell status - Effective: 2024-04-10 source text: As a result of the Shell Company Opinion Letter, on April 10, 2024 and continuing to the date of this Form 8K filing by the Company, the OTC Markets Pink Market has removed the “shell company” status from the Company’s SLTN Pink Sheet Stock listing. As a result, the Company is no longer a shell company. evidence_url: https://www.sec.gov/Archives/edgar/data/1508786/000168316824003611/0001683168-24-003611-index.htm - M&A Transactions SILVERTON ENERGY, INC. completed an acquisition involving Kris Agrawal and Kris k. Agrawal, et al, Exxon Oil & Gas, Inc., Vance-1 Properties, LLC for $3,500,000.00 (closed 2024-05-01). - Action: acquisition - Counterparty: Kris Agrawal and Kris k. Agrawal, et al, Exxon Oil & Gas, Inc., Vance-1 Properties, LLC - Consideration: $3,500,000.00 - Closing: 2024-05-01 source text: this transaction is a contract (a “chose in action”) for lease assignments and is not currently vesting title to the assets in Buyers. The agreed purchase price of the Assets is $3,500,000.00, the payment of which by a “convertible note,” which is to be readily convertible into the Company’s Class “A” Common Stock, at its “market value” per share “at the moment of evidence_url: https://www.sec.gov/Archives/edgar/data/1508786/000168316824003611/0001683168-24-003611-index.htm - M&A Transactions SILVERTON ENERGY, INC. completed an acquisition involving American Heritage Investment Capital, L.P. for $81,000,000, 20-year, non-interest bearing Promissory Note (closed 2024-05-01). - Action: acquisition - Counterparty: American Heritage Investment Capital, L.P. - Consideration: $81,000,000, 20-year, non-interest bearing Promissory Note - Closing: 2024-05-01 source text: nd American Heritage Investment Capital, L.P. (“AHIC”) , dated May 01, 2024, with the Company as Buyer and AHIC, as Seller evidence_url: https://www.sec.gov/Archives/edgar/data/1508786/000168316824003611/0001683168-24-003611-index.htm - Material Agreements SILVERTON ENERGY, INC. entered into AHIC Acquisition Agreement with American Heritage Investment Capital, LP valued at $52,000,000 (effective 2024-05-01). - Action: entry - Agreement: asset purchase - Counterparty: American Heritage Investment Capital, LP - Value: $52,000,000 - Effective: 2024-05-01 source text: On May 01, 2024, the Company executed acquisitions through two acquisition agreements “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/1508786/000168316824003611/0001683168-24-003611-index.htm - Material Agreements SILVERTON ENERGY, INC. entered into Agrawal Acquisition Agreement with Kris Agrawal, Kris k. Agrawal, Exxon Oil & Gas, Inc., Vance-1 Properties, LLC valued at $3,500,000 (effective 2024-04-04). - Action: entry - Agreement: asset purchase - Counterparty: Kris Agrawal, Kris k. Agrawal, Exxon Oil & Gas, Inc., Vance-1 Properties, LLC - Value: $3,500,000 - 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/1508786/000168316824003611/0001683168-24-003611-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.