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LOGL > SEC Filings for LOGL > Form 8-K on 7-Jan-2014All Recent SEC Filings

Show all filings for LEGEND OIL & GAS, LTD. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for LEGEND OIL & GAS, LTD.


7-Jan-2014

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events

On January 7, 2014, New Western Energy Corporation ("New Western Energy") issued a press release announcing that it has entered non-binding letter of intent ("LOI") with Legend Oil and Gas, Ltd. (the "Company") to acquire all of the issued and outstanding common shares of the Company. Under the terms of the LOI, New Western Energy proposes to exchange shares of Legend Oil valued at $0.09 per share for shares of New Western Energy based on the average of the closing bid prices of New Western's common stock over the ten days prior to the closing date, but at a price that will be no less than $0.21 per share and no more than $0.27 per share, unless mutually agreed to by the parties.



Item 9.01 Financial Statements and Exhibits.

Exhibits. 99.1 Press Release of New Western Energy Corporation dated January 7, 2014.


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