snrg8k070809.htm
U.S.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D)
OF
THE
SECURITIES
EXCHANGE ACT OF 1934
DATE OF
REPORT: (DATE OF EARLIEST EVENT REPORTED): July 8, 2009
Commission
File Number: 000-33193
SNRG
CORPORATION
(Exact
name of small business issuer as specified in its charter.)
Nevada
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90-0082485
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(State
or other
jurisdiction
of
incorporation
or
organization)
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(IRS
Employer
Identification
No.)
|
1800 St James, Suite
306
Houston,
TX 77056
(Address
of principal executive offices)
(713)
961-3200
(Issuer's
telephone number)
Check the
appropriate box below if the Form 8-K is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following
provisions:
[
]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[
]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[
]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.02.
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Termination
of a Material Definitive Agreement.
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On or
around July 7, 2009, SNRG Corporation and its wholly-owned subsidiary, Texas
Gohlke Partners Inc. (collectively the “Company”, “we,” and “us”), together with
Rangeford Resources, Inc. (“Rangeford”), agreed
to terminate the Assignment and Bill of Sale (the “Assignment”) entered
into on or around June 12, 2009, pursuant to which, the Company was to sell (a)
all of its right, title and interest in and to the oil, gas and mineral leases
and wells located in and on certain oil and gas leases totaling an aggregate of
232.948 acres, located in Victoria County, Texas and including the rights to the
Company’s M.G. Hensley Well #1 (collectively the “Property”), and (b)
all materials, supplies, equipment, improvements and fixtures located on the
Property, to Rangeford, for an aggregate of $100,000 in cash.
Additionally,
on or around April 30, 2009, the letter of intent pursuant
to which the Company had the right to acquire up to a 70% interest in Tianshui
Yellow River Industry Co, Ltd. expired, and we do not intend to further pursue
this acquisition.
On or
around June 15, 2009, the Company disposed of its residual interests in the
Gohlke Heirs “B” lease in settlement of corporate debt in the amount of
$400,000.
The
historical business of the Company has been the development and production of
oil and gas and related activities. We have stopped pursuing this business
strategy and will not be engaged in any segment of the oil and gas industry
moving forward. It is our intention to dispose of all of our oil and gas
interests.
With the
disposition of our oil and gas interests, the assets of the Company will consist
solely of a large quantity of rubber processing equipment acquired in 2005. The
equipment was to be used for rubber devulcanization and the manufacture of
products using devulcanized rubber. The Company does not own the technology
required for this process at the present time.
Item
9.01.
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Financial
Statements and Exhibits.
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Exhibit No.
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Description
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99.1*
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Press
Release
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* Filed
herewith.
SIGNATURES
Pursuant
to the requirement of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
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SNRG CORPORATION
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/s/ D. Elroy Fimrite
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D.
Elroy Fimrite
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President
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July 8,
2009