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Filing Details

Accession Number:: 0000914121-10-000572
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-02-19 12:00:00
Reporting Period:: 2010-02-17

Filing Date:: 2010-02-19
Accepted Time:: 2010-02-19 17:16:59
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1329605	Platinum Energy Resources Inc	PGRI	Crude Petroleum & Natural Gas (1311)	141928384

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1429082	Syd Ghermezian	9440 West Sahara Suite 240 Las Vegas NV 89117		No	No	Yes	No
1465409	Pacific International Group Holdings Llc	9440 West Sahara Avenue Suite 240 Las Vegas NV 89117		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share.	Acquisiton	2010-02-17	535,713	$0.50	11,782,133	No	4	P	Direct
Common Stock, Par Value $0.0001 Per Share.	Acquisiton	2010-02-17	535,713	$0.50	11,782,133	No	4	J	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	J	Indirect	See footnotes

Footnotes

This is a joint filing by Pacific International Group Holdings LLC ("Pacific") and Syd Ghermezian (collectively, the "Reporting Persons"). (continued in footnote 2)
(continued from footnote 1) On February 17, 2010, Pacific's outside counsel was advised by the Issuer that the Issuer had been instructed in writing by Lance Duncan to issue 535,713 shares of Common Stock to Pacific (the "Instructions"). Pacific's outside counsel was also advised by the Issuer that the condition precedent to such issuance (the settlement of certain claims by Mr. Duncan against the Issuer) had been met, and that such issuance would occur in the next few days. Mr. Duncan gave the Instructions to the Issuer in accordance with his obligations to Pacific under an agreement that Pacific entered into with Mr. Duncan and entities controlled by Lance Duncan on January 25, 2010 (the "Duncan Agreement"). Under the Duncan Agreement, upon the issuance to Pacific of such shares of Common Stock, Pacific is required to pay to Mr. Duncan a purchase price of $0.50 per share, for an aggregate purchase price of $267,856.50. (continued in footnote 3)
(continued from footnote 2) As such, the Reporting Persons may be deemed to be the beneficial owners of such shares of Common Stock. The ultimate economic interest in Pacific is held by certain members of the Ghermezian family through their direct or indirect ownership of various entities that own Pacific. Syd Ghermezian is the Manager of Pacific. As such, Mr. Ghermezian may be deemed to be the indirect beneficial owner with shared voting and dispositive power of the shares of Common Stock that Pacific may be deemed to directly beneficially own. Therefore, Mr. Ghermezian may be deemed to be the indirect beneficial owner with shared voting and dispositive power of the 535,713 shares of Common Stock that Pacific agreed to acquire pursuant to the Duncan Agreement. (continued in footnote 4)
(continued from footnote 3) Pacific and Mr. Ghermezian may be regarded as a group. However, Pacific and Mr. Ghermezian disclaim beneficial ownership of the securities owned directly or indirectly by each other, except for their respective pecuniary interests therein. Pacific and Mr. Ghermezian also disclaim membership in any group. This filing shall not constitute an acknowledgement that either Pacific or Mr. Ghermezian is part of any group.