West Texas Resources, Inc. (OTCPK:WTXR) acquired six oil and gas leases in South Texas from Origin Production Co. Inc. for $0.15 million on November 10, 2016. Under the terms of the agreement, the properties were acquired for 0.5 million units of West Texas Resources' securities for a purchase price of $0.30 per unit for a total of $0.15 million. Each Unit consists of one share of the West Texas Resources’ common stock and one common stock warrant that entitles its holder to purchase one share of West Texas Resources' common stock at an exercise price of $0.50 per share over a three year period ending November 1, 2019. West Texas Resources, Inc. (OTCPK:WTXR) completed the acquisition of six oil and gas leases in South Texas from Origin Production Co. Inc. on November 10, 2016.