Alamo Energy Corp. (OTCBB: ALME) acquired KYTX Oil and Gas, LLC and KYTX Pipeline, LLC and KYTX Drilling Company, LLC from Range Kentucky Holdings, LLC for $9.1 million in cash and stock on April 12, 2011. The consideration consists of $0.4 million in cash, 3 million shares at closing and 5.5 million shares will be paid within 24 months after the closing. The transaction is subject to execution of registration rights agreement, obtaining financing, lock up agreement, due diligence and resignation of target's directors. Richard L. Edmonson of Hall Estill Attorneys at Law acted as the legal advisor for Alamo Energy. Karen J. Greenwell of Wyatt, Tarrant & Combs, LLP acted as the legal advisor for Range Kentucky Holdings.

On December 23, 2013, the deal was cancelled and Range Kentucky Holdings, LLC was asked to pay Alamo Energy Corp. $0.07 million in cash, $2.86 million in promissory notes and $0.03 million in stock for all of Alamo's interest in KYTX Oil and Gas, LLC and KYTX Pipeline, LLC and KYTX Drilling Company, LLC.


Alamo Energy Corp. (OTCBB: ALME) cancelled the acquisition of KYTX Oil and Gas, LLC and KYTX Pipeline, LLC and KYTX Drilling Company, LLC from Range Kentucky Holdings, LLC on December 23, 2013.