Sun River Energy Inc.

• Public
• US

Dow Jones Description

Sun River Energy, Inc. ("Sun River" or the "Company") was incorporated under the laws of the State of Colorado on April 30, 1998 as Dynadapt System, Inc. to raise capital for an Internet website related project. On August 18, 2006, the Company changed its name to Sun River Energy, Inc. in connection with the acquisition of its wholly-owned subsidiary Sun River Energy, Inc. on April 21, 2006. On April 21, 2006, we acquired 100% of the issued and outstanding shares (8,633,333) of Sun River Energy, Inc. in exchange for 8,633,333 shares of the Company's common stock, as part of a Plan and Agreement of Reorganization, dated April 21, 2006. As a result of the Plan and Agreement of Reorganization, we changed our business operations to focus on the development of the Company as an independent Energy Company engaged in the exploration of North American unconventional natural gas properties and conventional oil and gas exploration. As part of the acquisition, we acquired 120,000 acres of a mixture of fee oil and gas mineral interest, some coal bed methane fee interest and 30,000 acres, approximately, of other fee mineral rights and 4,000 gross acres of leases that we have now begun to explore for methane. In April 2006, we signed a $64,000 secured promissory note with Nova Leasing, LLC (Nova Leasing). The $64,000 promissory note had a due date of April 2008 and was secured by a lease for 640 acres in Natrona County, Wyoming. ...

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