---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-007168"
form_type: "8-K/A"
ticker: null
cik: "0001508786"
company_name: "SILVERTON ENERGY, INC."
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T13:40:33.667968+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 Oklahoma oil & gas leases for $81M+$3.5M in notes

## Summary
- On May 1, 2024, Silverton entered two asset purchase agreements: $81M AHIC assets via 20-year non-interest bearing note due 2044.
- Also acquired Agrawal assets for $3.5M convertible note, convertible into common at market value within 13 months.
- AHIC assets have current value of $81M; note secured by assets; default allows foreclosure or conversion to preferred stock.
- Company's Class C Preferred offering sold 927,500 shares at $0.40 each of 5M authorized under Reg D.

## SEC filing metadata
- accession: 0001683168-24-007168
- form_type: 8-K/A
- cik: 0001508786
- company_name: SILVERTON ENERGY, INC.
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 1.01, 2.01, 5.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1508786/000168316824007168/0001683168-24-007168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1508786/000168316824007168/silverton_8ka4.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-007168
- JSON: https://secwatch.observer/filing/0001683168-24-007168.json
- Plain text: https://secwatch.observer/filing/0001683168-24-007168.txt

## Key facts
- Governance Changes
  SILVERTON ENERGY, INC.: Company ceased being a shell company; OTC Markets removed shell company status from SLTN Pink Sheet Stock listing effective April 10, 2024 (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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1508786/000168316824007168/0001683168-24-007168-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/1508786/000168316824007168/0001683168-24-007168-index.htm
- M&A Transactions
  SILVERTON ENERGY, INC. completed an acquisition involving American Heritage Investment Capital, L.P. for $81,000,000 (closed 2024-05-01).
  - Action: acquisition
  - Counterparty: American Heritage Investment Capital, L.P.
  - Consideration: $81,000,000
  - 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/1508786/000168316824007168/0001683168-24-007168-index.htm

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