Synergy Resources Corp. - 2011-04-04

Received Notice of Conversions for the remainder of its outstanding convertible promissory notes, from which the company received gross proceeds of $18 million when the notes were originally issued between December 2009 and March 2010.

The notes carried interest of 8% per year payable quarterly, had a maturity of December 31, 2012, and were converted into 11.25 million shares of common stock at the conversion price of $1.60 per share.