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Petrox Resources Corp V.PTC

Technology Software - Application
Petrox Resources Corp. is a Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. The Company’s lands are focused on light oil plays in Western Canada. It has a 100% working interest in approximately 110 acres in the Nisku Formation (D-2H pool). It also has a 100% working interest in approximately 680 acres in the Tilston Formation with a production of approximately 24 barrels of oil equivalent per day (boe/d).


TSXV:PTC - Post by User

Petrox Resources Corp > Why do they need to do the consolidation?
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Comment by YoungInvestor89on Jun 15, 2022 11:54pm
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Post# 34760244

RE:Why do they need to do the consolidation?

RE:Why do they need to do the consolidation?They need to consolidate to do a private placement. It says that clearly in the news release. They are doing it to raise money and probably buy more assets.
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