Petro One Energy Corp. Applies to Extend Warrants
28 February 2014 - 8:17AM
Marketwired
Petro One Energy Corp. Applies to Extend Warrants
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 27, 2014) -
Petro One Energy Corp. (the "Company")
(TSX-VENTURE:POP)(FRANKFURT:C6K1) is applying to the TSX Venture
Exchange for consent to extend the exercise term of certain
outstanding share purchase warrants by two years.
Pursuant to the non-brokered private placement described in the
Company's news releases issued on January 20, March 14 and August
28, 2012, the Company distributed 3,845,793 units at the price of
$0.60 per unit. Each unit was comprised of one common share and
one-half of a common share purchase warrant. Each warrant is
currently exercisable to purchase one common share for $0.80 at any
time prior to 4:30 p.m. on March 15, 2014 subject to an accelerated
expiry if the average closing price of the common share is $1.20 or
higher for 20 consecutive days. The Company now intends to apply to
the Exchange for permission to extend the exercise term of the
warrants to March 15, 2016. The Company will not be seeking a
reduction of the exercise price of any warrants, and there will be
no extension to the term of any finders' warrants issued in
connection with the private placement.
ON BEHALF OF THE BOARD
Peter Bryant, President & Director
For further information, please visit the company's website at
PetroOneEnergy.com and follow the Company's tweets at
Twitter.com/PetroOneEnergy.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Petro One Energy Corp.604 566 9089 or Toll free: 877 566 9089604
564 8003www.PetroOneEnergy.comKing James Capital CorporationJeff
StuartInvestor Relations604 805
0375jstuart@kingjamescapital.com
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