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Note 12 - Subsequent Events
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Subsequent Events [Text Block]
NOTE
12
– SUBSEQUENT EVENTS
 
During the period
January
through
March 2019
the Company sold
128,000
shares of common stock at
$1.00
per share to raise operating capital. As of
March 31, 2019,
the shares have
not
been distributed. The shares will be distributed in
April, 2019.
 
On
March 13
th
,
2019,
Alpha Energy, Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”) with Premier Gas Company, LLC. (“Premier”) to acquire oil and gas assets in Oklahoma in consideration of a Purchase Price of One Million Six Hundred Thousand Dollars (
$1,600,000.00
) (the “Purchase Price”) that includes a non-refundable deposit in the amount of Fifty Thousand Dollars (
$50,000.00
) (the “Deposit) through the Escrow Agent. The Deposit shall be credited against the cash portion of the Purchase Price at Closing. Although the dates on the Purchase and Sale agreements were dated
January 29
th
,
2019,
the contracts were
not
ultimately delivered to the company until
March 13
th
,
2019
and deposit was advanced to the Escrow Agent.
 
On
January 1, 2019
the Company entered into a Consulting Services Agreement with
5
Letter J’s, LLC to facilitate a business plan for instituting a
$26,500,00
capital raise through the sale of Company Class A Preferred stock. The agreement is for an initial
3
-month period and can be extended perpetually. The monthly fee is
$5,000
with a grant of
60,000
shares of restricted Company Common stock for the period of the agreement.
 
On
April 1, 2019,
the Company entered into an agreement with Rebus Capital Group, LLC to act as corporate finance advisor in identifying, introducing and arranging a selling syndicate of broker dealers for the purpose of placing preferred stock financing. The agreement is for a
six
month period. The company will issue
100,000
shares of common stock on the effective date.