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Synergy Resources Corporation (SYRG)



Faruqi & Faruqi, LLP Launches An Investigation Against Synergy Resources Corporation (SYRG) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Synergy Resources Corporation (“Synergy Resources” or the “Company”) (NYSE MKT: SYRG) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s Non-Qualified Stock Option Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on July 26, 2013, the Board of Directors recommends that Synergy Resources’ shareholders vote to approve an amendment to the Company’s Non-Qualified Stock Option Plan to increase the number of shares available for issuance thereunder from 2,000,000 to 5,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Synergy Resources common stock.

If you own common stock in Synergy Resources and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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    Synergy Resources Corporation (SYRG)

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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 08/07/2013

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