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ROYL > SEC Filings for ROYL > Form 8-K on 30-Dec-2013All Recent SEC Filings

Show all filings for ROYALE ENERGY INC



Entry into a Material Definitive Agreement, Completion of Acquisition or Dispos

Item 1.01 Entry into a Material Definitive Agreement

On December 24, 2013, Royale Energy, Inc. (the "Company"), entered into an agreement between the Company, as buyer, and North Island Financial Credit Union as seller, for the purchase of commercial property in San Diego, California, for a purchase price of $2,000,000, of which $500,000 was paid in cash on the date of purchase, and $1,500,000 was borrowed from an unaffiliated financial institution pursuant to a note secured by the property being purchased.

Item 2.01 Completion of Acquisition or Disposition of Assets

The disclosure provided in Item 1.01 of this report is hereby incorporated by reference into this Item 2.01.

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