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

Show all filings for NEW WESTERN ENERGY CORP

Form 8-K for NEW WESTERN ENERGY CORP


7-Jan-2014

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure

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.

A copy of the news release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

This disclosure does not constitute an offer to sell, or the solicitation to buy, any such security.

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