Food for thought..Some motivation/agenda for some to make it happen...
Think these guys are note going to be working to make sure that this plays through? Heck, who knows perhaps these are some of the structure terms of the deal that the deep pockets are taking issue to? $8 mil cash & cheap paper, $5mil in shares, that is based on the $100mil potential if I have read this right at a very quick glance. I would say that the "arms length" individual would also like to see the sp low when the funding is "publically announced" to, no? Could be wrong.... It has happened... ONCE!!! j/k
"Petro One has agreed to pay a
fee to a person at arm's length from the Company equal to five percent (5%) of the Phase 1 funding and any Phase 2 Funding
by issuing common shares of the Company at a deemed price equal to the greater of $0.25 and the closing price of the Company's shares on the TSXV on the trading day immediately following the day on which completion of such funding is publicly announced. Petro One has also agreed to pay a fee to Aberdeen Gould Capital Markets Ltd. in respect of PP#1 and PP#2 consisting of cash equal to 8% of the gross subscription proceeds and compensation warrants entitling Aberdeen to purchase that number of PP#1 Units or PP#2 Units which is equal to 8% of the number of PP#1 Units or PP#2 Units, as the case may be, in each case exercisable at the issue prices of such units for two years after completion of the applicable private placement, subject to acceleration on the same terms as the PP#1 Warrants and PP#2 Warrants.
JMHO is all... ;0)$~
Have an absolutely fantastic day for those that choose to!
2fast
Meanwhile back on Bay...
| $0.45 | 50 | 2 | | $0.41 | 2 | 1 |
| $0.445 | 20 | 2 | | $0.42 | 10 | 1 |
| $0.44 | 17 | 3 | | $0.445 | 95 | 6 |
| $0.435 | 30 | 2 | | $0.45 | 10 | 1 |
| $0.43 | 124 | 1 | | $0.46 | 18 | 2 |
| $0.425 | 10 | 1 | | $0.465 | 30 | 2 |
| $0.42 | 40 | 2 | | $0.47 | 23 | 3 |
| $0.415 | 40 | 1 | | $0.475 | 18 | 2 |
| $0.41 | 52 | 3 | | $0.48 | 40 | 3 |
| $0.405 | 11 | 1 | | $0.49 | 40 | 1 |