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Filing Details

Accession Number:: 0001698003-17-000001
Form Type:: 5
Zero Holdings:: No
Publication Time:: 2017-02-13 18:09:36
Reporting Period:: 2016-12-31

Filing Date:: 2017-02-13
Accepted Time:: 2017-02-13 18:09:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1450390	Bakken Resources Inc	BKKN	Crude Petroleum & Natural Gas (1311)	262973652

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1698003	G. Allan Holms	1314 S. Grand Ave. Ste #2-112 Spokane WA 99201	President	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-08-01	13,117,500	$10,000.00	26,590,000	No	5	P	Indirect	2
Common Stock	Acquisiton	2016-12-10	13,117,500	$1,088,000.00	26,590,000	No	5	P	Indirect	4

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	P	Indirect	2
No	5	P	Indirect	4

Footnotes

(1) Mr. Holms acquired 13,117,500 shares of Issuer Common Stock from Val Holms pursuant to a representation agreement by and among Allan Holms, Val Holms, Mari Holms and Doubek, Pyfer, & Fox, LLP dated August 1, 2016 (the "Representation Agreement") and Irrevocable Stock/Bond Power Forms executed by Val Holms for the stock certificates dated December 10, 2016 (the "Stock Powers"). Pursuant to the Representation Agreement, Allan Holms received the shares in exchange for payment to legal counsel of a $10,000 retainer and agreeing to pay legal fees incurred by Val, and agreeing to split with Val and Mari Holms any recovery in the case of Bakken Resources, et al. vs. Holms, et al. and related litigation, which final amount has not yet been determined.
(2) See Footnote #1.
(3) Allan Holms acquired an additional 13,117,500 shares of Issuer Common Stock previously held by Val Holms pursuant to an Assignment Agreement by and between Val Holms and Allan Holms dated December 10, 2016 (the "Assignment Agreement") and Stock Powers executed by Val Holms on December 10, 2016 in consideration for Allan Holm's agreement to a global release of all Val Holm's obligations to Allan Holms, including obligations as of December 10, 2016 valued at $1,088,000 plus a release of any past and future claims that may arise in the future, including payment of future legal fees incurred by Val in the case of Bakken Resources, et al. vs. Holms, et al. and related litigation, which final amount has not yet been determined.
(4) See Footnote #3.