Sylios Corp. (fka UNGS)

[Black40]

8K just filed.......Knew they were diluting, but looks like more to come.

Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year

On August 2, 2011, the Board of Directors authorized and shareholders holding a majority of our outstanding voting capital stock (the “Majority Shareholders”) of US Natural Gas Corp (the “Company”) have approved the attached amendment to the Articles of Incorporation (the “Amendment”) with the Secretary of State of Florida. Pursuant to the Amendment, the Company increased its authorized capital to authorize the issuance of 500,000,000 shares of common stock, par value $0.001.

The foregoing summary of the Amended Articles is subject to, and qualified in its entirety by, the Amendment to Articles of Incorporation filed with the Secretary of State on August 2, 2011 attached hereto as Exhibit 3.1