
Wednesday, November 27, 2024 1:04:36 PM
Following the change in control transaction, the Company began shifting its business focus to acquiring energy production and development opportunities in the U.S.
On January 17, 2024, the Company purchased a 5% royalty interest in a package of seven (7) producing oil wells located in the Eagle Ford Shale, Lavaca County, Texas (the “Eagle Acquisition”).
The Eagle Acquisition is the Company’s first transaction in the U.S. energy production and development sector. The Company intends to complete additional acquisitions of this kind in the near future and continue its focus on the U.S. energy sector.
Effective April 26, 2024, the Company changed its name in Leopard Energy, Inc.
Since completion of the change in control transaction, in August 2023, Zenith Energy, our controlling stockholder, has provided $325,759 capital in the form of payment made on behalf of the Company and $45,000 paid in capital in cash. Zenith Energy has indicated that intends to continue to finance the Company and its expansion into the energy sector, to acquire additional royalties and/or ownership interest, pending the receipt of additional financing.
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