Petrichor Energy - Petrichor Closes First Tranche Convertible Debenture Financing for Gross Proceeds of C$3,400,000 and Acquisition of 50% Working Interest in Marble Falls Property, Texas
(October 1, 2013) – Petrichor Energy Inc. (FSE: YQN; TSX-V: PTP) (the “Company") announces that it closed the first tranche of its convertible debenture private placement (the "Private Placement") (refer to Press Releases April 3, 2013, June 7, 2013 and September 5, 2013). In accordance with the provisions of the subscription agreements received, at the closing of the Private Placement the Company issued convertible debentures in the total principal amount of C$3,400,000 (the “Debentures”).
Brian Grow presents "Chasing Chesapeake" during Reynolds Business Journalism Week 2013.
Reynolds Business Journalism Week is an all-expenses-paid seminar for journalists looking to enhance their business coverage, and professors looking to enhance or create business journalism courses.
For more information about business journalism training, please visit businessjournalism.org.
Brian Grow presents "Chasing Chesapeake" during Reynolds Business Journalism Week 2013.
Reynolds Business Journalism Week is an all-expenses-paid seminar for journalists looking to enhance their business coverage, and professors looking to enhance or create business journalism courses.
For more information about business journalism training, please visit businessjournalism.org.
Brian Grow presents "Chasing Chesapeake" during the Fall 2013 Society of American Business Editors and Writers Conference in New York, Oct. 4, 2013.
Grow is a special enterprise correspondent and editor-in-charge based in Atlanta for Reuters.
For more information on training for business journalists, please visit http://businessjournalism.org.
Belmont/EuroGas Inc. update re Award distribution
Belmont Resources Inc. (the “Company”) provides the following update of events related to the international arbitration involving the Company, Belmont Resources &EuroGas Inc. (“EuroGas”), v. the Slovak Republic in connection with Rozmin S.R.O. and its ownership of the Gemerska Poloma talc deposit.
Brian Grow presents "Chasing Chesapeake" during the Reynolds Center for Business Journalism's annual Business Journalism Week, Jan. 2, 2014. Grow is a special enterprise correspondent and editor-in-charge based in Atlanta for Reuters.
The annual event features two concurrent seminars, Business Journalism Professors and Strictly Financials for journalists.
For more information about business journalism training, please visit http://businessjournalism.org.
Highbank Resources closes first tranche of $4 million convertible debenture...funds for equipment and infrastructure build for it's $2 billion= construction aggregate deposit.
Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) announces that the Company has signed a property purchase agreement with Belmont Resources Inc. (TSXv: BEA; FSE: L3L1) whereby Belmont Resources can acquire a 100%-interest in the Kibby Basin Property. The property will be explored for lithium.
How does a charter school in the middle of a financial audit and $1.2 million shortfall apply and receive a bond for over $6 million. Magnolia Science Academy is a gulen operated charter school full of mismanagement, scandals, fraud and a revolving door of staff. They will continue to lie and claim they are high performing but they are only about money.
http://www.fetofacts.us
http://www.magnoliascienceacademy.blogspot.com
http://bitvore.com/2014/07/why-high-yield-the-untold-story-of-a-california-charter-school-bond-issue/
http://www.guleninvestigation.com
Sukuk Has Tremendous Potential in the USA as a Capital Raising Instrumentprcircle
Camille Paldi, CEO of the Franco-American Alliance for Islamic Finance (FAAIF), a US citizen with an MA in Islamic Finance from Durham University (UK), explains sukuk to a US audience at the Chicago Islamic Finance Conference.
MONTORO ANNOUNCES PRIVATE PLACEMENT FINANCING & CONTINUED EXPLORATION ON PECORS NI-CU-PGE DISCOVERY
September 20, 2017 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company"). Flow through shares offered
EKEJIJA- NVC FUND-SEC SETTLEMENT SOLUTION
CASE: 2:20-cv-08985-ODW-DFM
Case No.: 2:20-cv-08985-FWS-DFM
Dear John F. Libby,
As requested by Judge Fred W. Slaughter, the undersigned, frank-ojogwa: Ekejija, comes now to submit in good faith for your favorable consideration a graceful workable solution to settle and resolve the above-referenced egregious case (the “Case”), according to the requirement of Rule 1 of the Federal Rules of Civil Procedure (“FRCP”), that “all civil actions and proceedings in the United States district courts … be construed, administered, and employed by the court and the parties to secure the just, speedy, and inexpensive determination of every action and proceeding.”
The purpose of my proposal is to achieve the complete, final, fair, and equitable resolution of all of the financial, civil rights, and reputational damages and other civil claims I am holding against the U.S. Securities and Exchange Commission, an agency of the federal government (the “SEC”), arising out of and suffered in connection with the extreme quantifiable and unquantifiable economic and wrongs, injuries, damages, defamations, prejudices, and injustices done to our companies and me, by the SEC’s egregious, willful, wrongful, meritless, reckless, abusive, and vindictive crusade, undertaken under color of law and constitutes a gross breach of fidelity, over the past 11 years. That the SEC persisted in misusing and abusing its government authority, compounding these many wrongs long after it knew or should have known that its allegations were meritless, and the resulting compounding of its wrongful behavior, and that such conduct exposed the SEC and the federal government to ridicules, substantial financial and other liability, makes the situation even more outrageous.
Notwithstanding the foregoing, I am willing to settle and resolve this matter upon the terms and conditions summarized below. You will see that my proposal satisfies each of the requirements of FRCP Rule 1. Indeed, I am proposing to achieve the intended result by underwriting the financial elements of my claims out of our assets and at no cost to the government. Moreover, the structure and mechanisms of this proposal are eminently fair and reasonable by design and within your authority as a federal judge to implement.
Similar to Petrichor Energy - Petrichor Closes First Tranche Convertible Debenture Financing for Gross Proceeds of C$3,400,000 and Acquisition of 50% Working Interest in Marble Falls Property, Texas
Brian Grow presents "Chasing Chesapeake" during the Fall 2013 Society of American Business Editors and Writers Conference in New York, Oct. 4, 2013.
Grow is a special enterprise correspondent and editor-in-charge based in Atlanta for Reuters.
For more information on training for business journalists, please visit http://businessjournalism.org.
Belmont/EuroGas Inc. update re Award distribution
Belmont Resources Inc. (the “Company”) provides the following update of events related to the international arbitration involving the Company, Belmont Resources &EuroGas Inc. (“EuroGas”), v. the Slovak Republic in connection with Rozmin S.R.O. and its ownership of the Gemerska Poloma talc deposit.
Brian Grow presents "Chasing Chesapeake" during the Reynolds Center for Business Journalism's annual Business Journalism Week, Jan. 2, 2014. Grow is a special enterprise correspondent and editor-in-charge based in Atlanta for Reuters.
The annual event features two concurrent seminars, Business Journalism Professors and Strictly Financials for journalists.
For more information about business journalism training, please visit http://businessjournalism.org.
Highbank Resources closes first tranche of $4 million convertible debenture...funds for equipment and infrastructure build for it's $2 billion= construction aggregate deposit.
Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) announces that the Company has signed a property purchase agreement with Belmont Resources Inc. (TSXv: BEA; FSE: L3L1) whereby Belmont Resources can acquire a 100%-interest in the Kibby Basin Property. The property will be explored for lithium.
How does a charter school in the middle of a financial audit and $1.2 million shortfall apply and receive a bond for over $6 million. Magnolia Science Academy is a gulen operated charter school full of mismanagement, scandals, fraud and a revolving door of staff. They will continue to lie and claim they are high performing but they are only about money.
http://www.fetofacts.us
http://www.magnoliascienceacademy.blogspot.com
http://bitvore.com/2014/07/why-high-yield-the-untold-story-of-a-california-charter-school-bond-issue/
http://www.guleninvestigation.com
Sukuk Has Tremendous Potential in the USA as a Capital Raising Instrumentprcircle
Camille Paldi, CEO of the Franco-American Alliance for Islamic Finance (FAAIF), a US citizen with an MA in Islamic Finance from Durham University (UK), explains sukuk to a US audience at the Chicago Islamic Finance Conference.
MONTORO ANNOUNCES PRIVATE PLACEMENT FINANCING & CONTINUED EXPLORATION ON PECORS NI-CU-PGE DISCOVERY
September 20, 2017 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company"). Flow through shares offered
EKEJIJA- NVC FUND-SEC SETTLEMENT SOLUTION
CASE: 2:20-cv-08985-ODW-DFM
Case No.: 2:20-cv-08985-FWS-DFM
Dear John F. Libby,
As requested by Judge Fred W. Slaughter, the undersigned, frank-ojogwa: Ekejija, comes now to submit in good faith for your favorable consideration a graceful workable solution to settle and resolve the above-referenced egregious case (the “Case”), according to the requirement of Rule 1 of the Federal Rules of Civil Procedure (“FRCP”), that “all civil actions and proceedings in the United States district courts … be construed, administered, and employed by the court and the parties to secure the just, speedy, and inexpensive determination of every action and proceeding.”
The purpose of my proposal is to achieve the complete, final, fair, and equitable resolution of all of the financial, civil rights, and reputational damages and other civil claims I am holding against the U.S. Securities and Exchange Commission, an agency of the federal government (the “SEC”), arising out of and suffered in connection with the extreme quantifiable and unquantifiable economic and wrongs, injuries, damages, defamations, prejudices, and injustices done to our companies and me, by the SEC’s egregious, willful, wrongful, meritless, reckless, abusive, and vindictive crusade, undertaken under color of law and constitutes a gross breach of fidelity, over the past 11 years. That the SEC persisted in misusing and abusing its government authority, compounding these many wrongs long after it knew or should have known that its allegations were meritless, and the resulting compounding of its wrongful behavior, and that such conduct exposed the SEC and the federal government to ridicules, substantial financial and other liability, makes the situation even more outrageous.
Notwithstanding the foregoing, I am willing to settle and resolve this matter upon the terms and conditions summarized below. You will see that my proposal satisfies each of the requirements of FRCP Rule 1. Indeed, I am proposing to achieve the intended result by underwriting the financial elements of my claims out of our assets and at no cost to the government. Moreover, the structure and mechanisms of this proposal are eminently fair and reasonable by design and within your authority as a federal judge to implement.
Similar to Petrichor Energy - Petrichor Closes First Tranche Convertible Debenture Financing for Gross Proceeds of C$3,400,000 and Acquisition of 50% Working Interest in Marble Falls Property, Texas (20)
Highbank is a Canadian aggregate exploration and development company. Highbank has earned a 100% interest in, and has obtained a NI 43-101 Resources evaluation of a +70 million tonne tidewater aggregate gravel tenure in northwestern British Columbia, Canada. The Company also holds a NSR interest in two moly/copper properties in Ireland.
Highbank Resources - Highbank Receives Comments on Notice of Work (NoW) Permi...Viral Network Inc
Highbank Resources Ltd. (the “Company”) (TSX Venture: HBK). Further to our news release on October 29, 2013, the Company has received review comments from the Ministry of Energy and Mines (“MEM”) indicating the results of MEM’s review and future expectations for this particular project in regards only to the Mines Act permitting.
Red Eagle Mining - Salman Partners "Accelerating Development at San Ramon-Pot...Viral Network Inc
Red Eagle Mining Corporation is an exploration company focused on advancing its wholly- owned San Ramon gold deposit, part of the Santa Rosa project in the Department of Antioquia, Colombia.
Golden Arrow Resources: Golden Arrow Triples Size of Chinchillas Silver ProjectViral Network Inc
Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), “Golden Arrow” or the “Company”) is pleased to announce the granting of additional concessions that surround the Chinchillas Project, effectively, tripling the area of the entire property to 1,160 hectares. The mining authority has granted the concessions as well as the drill permit for the newly acquired area.
Sierra Metals Inc. (formerly Dia Bras Exploration Inc.) is Latin America's newest mid-tier precious and base metals producer and offers a strong value proposition to investors based on:
1) Undervalued vs. Peers: Low cash cost producer with strong upside potential for growth.
2) A Solid Financial Position: Strong positive cash flow with $80 million in the treasury and $83 million in earnings during 2012.
3) Diversified Asset Base: Precious and base metals producer with three operating mines in Peru and Mexico.
4) Substantial Reserve Growth: Expanded Reserves 8x in two years; and, 30% annual production growth in 2012.
5) Stable Investment Yield: $10 million annual dividend plus share buyback program.
IntelGenx, through its cutting edge formulation platforms, has developed a broad and diverse product portfolio, including products for the treatment of severe depression, hypertension, erectile dysfunction, benign prostatic hyperplasia, migraine, insomnia, bipolar disorder, idiopathic pulmonary fibrosis, allergies and pain management.
Sierra Metals Inc. is a growing mid-tier precious and base metals producer in Latin America. The Company owns two low-cost mines in commercial production: the Yauricocha mine in Peru and the Bolivar mine in Mexico.
Sierra Metals Inc., formerly known as Dia Bras Exploration Inc., began exploration and development work in Mexico in early 2003. In 2004, the Company acquired the Bolivar mine property and began active development to advance the property towards production. In 2006, a rapid expansion into the Cusihuiriachic (“Cusi”) silver district resulted in the Company acquiring a 100 km2 property encompassing 12 former silver mines situated within a close proximity to the wholly owned Malpaso Mill. From 2006 to 2011 the Company shipped high-grade development ore for custom milling to the Malpasso Mill from the Bolivar project. Starting in 2009 the Company also started producing silver dore at the Malpaso Mill from development ore at the Cusi project.
In the spring of 2011, the Company expanded operations into Peru with the purchase of 82% of Sociedad Minera Corona S.A. (“Corona”) for a total purchase price of $286 million. Corona’s main asset is the Yauricocha mine in the Yauyos province in western central Peru. This purchase dramatically changed the production profile of Sierra Metals and excelled the Company from a junior exploration and development company to a mid-tier precious and base metals producer.
This rapid expansion in Peru was followed by the completion of the Piedras Verdes mill in Mexico and the announcement of commercial production at the Bolivar mine. Located 6 km from the Bolivar mine, the Piedras Verdes mill has a throughput capacity of 1,000 tpd with plans to expand to 2,000 tpd by mid-2013.
Sierra Metals is currently focused on expanding production at its Yauricocha and Bolivar mines and advancing its Cusi Property into commercial production. Additionally, the Company is completing an aggressive exploration and development programme to expand global reserves and resources and advance its pipeline of projects towards to production.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
Petrichor Energy - Petrichor Closes First Tranche Convertible Debenture Financing for Gross Proceeds of C$3,400,000 and Acquisition of 50% Working Interest in Marble Falls Property, Texas
1. Petrichor Energy Inc.
Suite 303, 595 Howe Street
Vancouver, B.C. V6C 2T5
www.petrichorenergy.com
Phone: (604) 336-8615
Fax: (604) 718-2808
NEWS RELEASE
Petrichor Closes First Tranche Convertible Debenture Financing for Gross
Proceeds of C$3,400,000 and Acquisition of 50% Working Interest in Marble Falls
Property, Texas
(October 1, 2013) – Petrichor Energy Inc. (FSE: YQN; TSX-V: PTP) (the “Company")
announces that it closed the first tranche of its convertible debenture private placement (the
"Private Placement") (refer to Press Releases April 3, 2013, June 7, 2013 and September 5,
2013). In accordance with the provisions of the subscription agreements received, at the closing
of the Private Placement the Company issued convertible debentures in the total principal amount
of C$3,400,000 (the “Debentures”).
All Debentures issued under the Private Placement are governed by the terms and conditions of
an indenture dated effective September 26, 2013 (the "Indenture") with Computershare Trust
Company of Canada ("Computershare") as trustee, a copy of which will be available under the
Company's profile at www.sedar.com.
Holders of the Debentures have the right to convert the principal amount and any accrued but
unpaid interest thereon, into common shares of the Company (the "Conversion Shares") at any
time up to the maturity date of September 26, 2016 (the "Maturity Date"), at a conversion price of
C$0.35 per Conversion Share in the 1
st
year, C$0.70 in the 2
nd
year and C$1.00 in the third year,
in respect of outstanding principal and, in respect of interest, at a conversion price equal to the
greater of: (i) C$0.35 in the 1
st
year, C$0.70 in the 2
nd
year and C$1.00 in the 3
rd
year; and (ii) the
last closing price of the common shares of the Company on the TSX Venture Exchange on the
day prior to the issuance of the Conversion Shares.
The Debentures are transferable (subject to applicable securities laws), and bear interest at 12%
per annum, payable quarterly. Up to the Maturity Date, only interest on the Debentures will be
repaid, with the first quarterly interest payment being due on December 31, 2013. The
Debentures may be pre-paid at any time by the Company after four months from the date of
issuance and prior to the Maturity Date. Any outstanding principal amount and accrued interest
will be due and payable on the Maturity Date.
The Debentures are secured by a first fixed charge on the Company's interests (held through the
Company's wholly-owned subsidiary Petrichor Energy US, Inc. ("Petrichor US")) in certain leases
located in Young County, Jack County, Archer County and Clay County, Texas which were
acquired by Petrichor US at the concurrent closing of the Marble Falls Prospect acquisition
described below, including any wells that may be drilled on such properties.
No finders’ fees were paid in connection with the Private Placement. The Debentures and any
shares issued on conversion of the Debentures are subject to a hold period under applicable
Canadian securities laws expiring January 27, 2014, and are subject to such further restrictions
on resale as may apply under applicable foreign securities laws.
2. 2
The Company may complete a second and final tranche of convertible debentures under the
Indenture at the end of October, 2013, subject to receipt of additional subscriptions and market
conditions.
Acquisition of 50% Working Interest in the Marble Falls Prospect
As indicated above concurrent with the closing of the Private Placement, the Company acquired
from BlakEnergy, Ltd. ("BlakEnergy") a 50% working interest in certain acreage (covering
11,695.33 acres to date), located in Young County, Jack County, Archer County and Clay County,
Texas, known as the Marble Falls Prospect (the “Prospect”), together with such additional
acreage as may be acquired by BlakEnergy and agreed to by the Company.
As disclosed in prior news releases, Petrichor’s participation in the Prospect will be a 50% cost-
bearing working interest through the first 10 wells, delivering the Company a net revenue interest
of approximately 37.5%. The Company’s working interest shall be burdened by a 5% carried
working interest through the tanks in favour of the vendor and/or its assigns on the first 10 wells
drilled in the Prospect. Beginning with the 11
th
well, the carried working interest will convert to a
cost-bearing 5% working interest, and all working interest owners will then participate on a full
cost basis. As clarification, Petrichor’s interest beginning with the 11
th
well will be a 45% working
interest and a 33.75% net revenue interest.
In consideration for its 50% interest, Petrichor made payment of 50% of the purchase price of
US$650 – US$750 per acre for all acreage located within the Prospect. The variation in purchase
price was based on the amount per acre (including land and brokerage fees, among other
charges) paid by BlakEnergy for the acreage.
The aggregate payment made by the Company to BlakEnergy for the acquisition of the Prospect
was US$4,252,380 pursuant to the terms of a Second Amended and Restated Participation
Agreement (Marble Falls Prospect) between Petrichor US and BlakEnergy dated September 16,
2013.
The Marble Fall Prospect formations targeted are the Mississippi Lime & Marble Falls formations
located in North Central Texas. The Mississippi Lime is a Mississippian age porous limestone
formation that is deposited beneath the Barnett Shale, which is analogous to the Mississippi Lime
play in Kansas and Oklahoma. The Marble Falls formation is a Pennsylvanian age limestone;
analogous to the Strawn Lime play in West Texas. To date, independent operators have drilled
over 50 vertical and horizontal multi-stage frac’d wells in the Marble Falls and Mississippi
limestone with positive results.
ON BEHALF OF THE BOARD
SIGNED: « Joe DeVries »
Joe DeVries, CEO
Contact: (604) 336-8615
For further information on PTP please visit our website at www.petrichorenergy.com
The Company’s public documents may be accessed at www.sedar.com
The securities referred to in this news release have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable
exemption from the U.S. registration requirements.
3. 3
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for
offers to buy any securities. Any public offering of securities in the United States must be made by
means of a prospectus containing detailed information about the company and management, as well
as financial statements.
Neither the 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.