Petro One Energy Corp CUDBF

PETRO ONE ENERGY CORP. APPLIES TO EXTEND WARRANTS

[BrusselSprout]

News release after the bell today.  

PETRO ONE ENERGY CORP. APPLIES TO EXTEND WARRANTS 

 

February 27, 2014 VANCOUVER, BC – Petro One Energy Corp. (the “Company”) (TSX-V: 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, follow the 

Company’s tweets at Twitter.com/PetroOneEnergy and contact Jeff Stuart of King James Capital 

Corporation, handling Investor Relations for the Company, by telephone at [phone] or by email 

at [e-mail]. 

 

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.