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Tuesday, 04/15/2014 9:12:02 AM

Tuesday, April 15, 2014 9:12:02 AM

Post# of 82326
8-K out

ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS;

On February 28, 2013, pursuant to the terms of a Compromise, Settlement and Property Exchange Agreement dated February 25, 2013 with MontCrest Energy, Inc. and Black Strata, LLC, our company acquired a 100% working interest in an oil and gas property consisting of 1,400 acres located in Coleman County, Texas and known as the "Coleman County South Property". Effective as of April 1, 2014, all oil & gas leases located on the Coleman County South Property have expired. Our management decided not to renew the Coleman Country South leases in light of our recent Asset Purchase Agreement with American Medical Distributors, LLC and its decision to focus our operations on the development of a medical device distribution business. We have no outstanding obligations in relation to the leases or the Compromise, Settlement, and Property Exchange Agreement dated February 25, 2013.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

10.1 Compromise, Settlement and Property Exchange Agreement, dated for reference February 25, 2013. (incorporated by reference to our current report on Form 8-K filed on March 7, 2013)

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.

INDEPENDENCE ENERGY CORP.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9920411

@OTCMondragon

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