
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
White River Energy Corporation (CE) | USOTC:WTRV | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00001 | 0.00 | 00:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
(Address of principal executive offices) | (Zip Code) |
Registrant’s
telephone number, including area code:
N/A
(Former name or former address, if changed since last report.)
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
On October 24, 2024, the Board of Directors of White River Energy Corp (the “Company”) approved the grant of royalties on any future sales of federal income tax credits originally issued to one or more Native American tribes (“Tax Credits”) as follows: (i) to each of Randy May, the Company’s Chief Executive Officer and a director, and Jay Puchir, the Company’s Chief Financial Officer and a director, a royalty of 2% of the gross proceeds from any such sales of Tax Credits, and (ii) to each of the Company’s non-employee directors, comprised of James Cahill, Danny Hames, and Greg Landis, a royalty of 0.33% of the gross proceeds from any such sales of Tax Credits. Each of Messrs. May and Puchir were previously entitled to royalties of 1% of the gross proceeds from sales of Tax Credits.
Item 8.01 Other Information.
On October 24, 2024, the Board of Directors of the Company approved a transaction with Sky3D, LLC (“Sky3D”), an entity controlled by Randy May, the Company’s Chief Executive Officer and a director, pursuant to which the Company will purchase from Sky3D leases and rights held by Sky3D in a total of 4,500 acres from three mineral leases for a total purchase price of $23.5 million, approximately $5.6 million of which will be used by Sky3D to pay the Company for outstanding joint interest billing receivables for drilling costs on existing wells, resulting in a net cash impact to the Company of approximately $17.9 million. Mr. May abstained from voting on the foregoing matter.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Incorporated by Reference |
||||||||||
Exhibit # | Exhibit Description | Form | Date | Number | Filed or Furnished Herewith | |||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
White River Energy Corp | ||
Date: October 28, 2024 | By: | /s/ Jay Puchir |
Name: | Jay Puchir | |
Title: | Chief Financial Officer |
3 |
Cover |
Oct. 24, 2024 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Oct. 24, 2024 |
Entity File Number | 000-56617 |
Entity Registrant Name | White River Energy Corp |
Entity Central Index Key | 0001589361 |
Entity Tax Identification Number | 45-3797537 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 609 W/ Dickson St. |
Entity Address, Address Line Two | Suite 102 G |
Entity Address, City or Town | Fayetteville |
Entity Address, State or Province | AR |
Entity Address, Postal Zip Code | 72701 |
City Area Code | (800) |
Local Phone Number | 521-9148 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
1 Year White River Energy (CE) Chart |
1 Month White River Energy (CE) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions