http://www.suncaloil.com/
OS 82.460,000 as of 04/22/08
April 08/08 Corporate Update
http://app.quotemedia.com/quotetools/newsStory.go?storyId=9569547&topic=SCEY&symbology=null
04/07/08 Acquisition:
http://app.quotemedia.com/quotetools/newsStory.go?storyId=9550220&topic=SCEY&symbology=null
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On January 31, 2007, we entered into a share exchange agreement with all of the shareholders of Sun Cal Energy Corp. whereby we agreed to acquire all the issued and outstanding common stock of Sun Cal Energy Corp. Under this share exchange agreement, we agreed to issue one share of our common stock for each issued and outstanding share of common stock of Sun Cal Energy Corp. As at January 31, 2007, there were 26,925,000 shares of common stock of Sun Cal Energy Corp. issued and outstanding. After the completion of the share exchange agreement, Sun Cal Energy Corp. would become a wholly owned subsidiary of our company.
Item 2.01 Completion of Acquisition or Disposition of Assets.
On March 12, 2007 we completed the transaction contemplated under the share exchange agreement between our company and the shareholders of Sun Cal Energy Corp. whereby we acquired all the issued and outstanding common stock of Sun Cal Energy Corp.
Sun Cal Energy Corp. was a privately-owned Nevada corporation engaged in oil and gas exploration. Since we acquired all of the issued and outstanding common stock of Sun Cal Energy Corp., we have also indirectly acquired 100% of the issued and outstanding common stock of Sun Cal Energy Canada Corp., a wholly owned subsidiary of Sun Cal Energy Corp. Sun Cal Energy Canada Corp. recently entered into an agreement with TriMar Energy Partners, Inc. to acquire an overriding royalty interest in an oil and gas lease known as the Hobart Lease and an agreement with Western Energy Capital, LLC. to acquire an undivided 45% interest in certain oil and gas leases known as the Lokern Leases.
For further details of these agreements, please see the section entitled “Description of Property” beginning on page 11.
Our company had 51,250,000 common shares issued and outstanding as of March 12, 2007 immediately prior to the issuance of 26,925,000 shares in connection with the closing of the share exchange agreement. After the completion of the share exchange agreement, the number of our issued and outstanding share of common stock became 78,175,000; the former shareholders of Sun Cal Energy Corp. received 26,925,000 shares of our company’s common stock, representing approximately 34.44% of the issued and outstanding shares of our company after closing of the share exchange agreement. Our President, CEO, CFO and director, George Drazenovic, owned 23,000,000 shares of the common stock of Sun Cal Energy Corp.
Sun Cal Energy Canada Corp. recently entered into two agreements: an agreement with TriMar Energy Partners, Inc. to acquire an overriding royalty interest in an oil and gas lease known as the Hobart Lease and an agreement with Western Energy Capital, LLC. to acquire an undivided 45% interest in certain oil and gas leases known as the Lokern Leases
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http://www.suncaloil.com/pdf/SunCal_Newsletter_V1.pdf
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http://www.suncaloil.com/pdf/SunCal_Map_Jonah.pdf
http://www.suncaloil.com/pdf/SunCal_Map_Lokern.pdf http://www.suncaloil.com/pdf/Lokern_Prospect.pdf
http://www.suncaloil.com/pdf/SunCal_Map_Breton.pdf
http://www.suncaloil.com/pdf/SunCal_Map_Hobart.pdf
http://www.suncaloil.com/pdf/SunCal_Map_Centurion.pdf
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