Bakken Resources, Inc. Announces Sale of Mineral Interests
PR Newswire - Thu Feb 06, 3:00PM CST
Bakken Resources, Inc. (OTCQX: BKKN) ("BKKN"), announces the sale of 767 +/- net mineral acres in McKenzie County, North Dakota, to an undisclosed buyer. The property sold for $10,250 per net mineral acre for a total of $7,871,248. BKKN retains a two percent (2%) royalty on the sold assets. The sold assets were purchased by BKKN in November 2010 for an aggregate amount of $1,535,000.
Bakken Resources, Inc. Announces Payoff of Long-Term Debt
PR Newswire - Wed Aug 07, 1:48PM CDT
Bakken Resources, Inc. (OTCQX: BKKN) ("BRI"), announces that the company has made its final payment on a long term note payable for the purchase of approximately 800 +/- net mineral acres in McKenzie County, North Dakota. The original purchase price of the acreage was $1.6 million. Following an upfront payment of $351,000, the beginning balance on the note was $1,249,000 at the inception date of November 12, 2010. This note was originally amortized with quarterly payments through February 2019.
Bakken Resources, Inc. Obtains DTC Approval To Begin Electronic Trading
PR Newswire - Thu May 23, 3:00PM CDT
Bakken Resources, Inc. (BKKN: OTCQX) ("BRI") is pleased to announce that on May 20, 2013, DTC approved electronic trading of the BRI's common stock. DTC approval follows BRI's first quarter 10-Q filing where BRI's financials indicated a second straight net positive quarter.