Filing Details

Accession Number:
0001594062-14-000335
Form Type:
5
Zero Holdings:
No
Publication Time:
2014-10-27 20:37:13
Reporting Period:
2014-06-30
Filing Date:
2014-10-27
Accepted Time:
2014-10-27 20:37:13
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1444837 Octagon 88 Resources Inc. OCTX Drilling Oil & Gas Wells (1381) 262793743
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1542086 Ag Trust Energie Zentrum Hochwachtstrasse 4
Steinhausen V8 6312
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-10-03 200,000 $2.50 14,200,000 No 4 P Direct
Common Stock Acquisiton 2013-10-03 50,505 $3.00 14,250,505 No 4 X Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 X Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrant (Right to Buy) Acquisiton 2013-10-03 200,000 $0.00 200,000 $3.00
Common Stock Warrant (Right to Buy) Disposition 2013-10-03 50,505 $0.00 50,505 $3.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
200,000 2013-10-03 2016-10-03 No 4 A Direct
149,495 2012-10-03 2013-10-03 No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 14,000,000 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Warrant (Right to Buy) $3.00 2012-10-03 2013-10-03 200,000 200,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2013-10-03 200,000 200,000 Direct
Footnotes
  1. The reporting person beneficially owned 14,000,000 shares of common stock of Octagon 88 Resources, Inc. (the "Issuer") and a warrant to purchase 200,000 shares of common stock of the Issuer on December 21, 2012, the date on which the reporting person became a 10% owner of the Issuer.
  2. The securities were acquired in connection with an equity draw sown request made on October 3, 2013 under a Financing Commitment and Credit Facility Agreement (the "Agreement")between the reporting person and the Issuer. In connection with the equity draw down request, and as required by the terms of the Agreement, the reporting person received (a) on October 3, 2013, a warrant to purchase 200,000 shares of the Issuer's common stock and (b) on January 15, 2014, 200,000 shares of common stock, which was determined by dividing the $500,000 equity draw down amount by $2.50 per share, the price specified in the Agreement
  3. The reporting person delivered an exercise notice to the issuer on October 3, 2013 requesting a partial exercise of the warrant for 50,505 shares. These shares were delivered to the reporting person on January 15, 2014.
  4. 149,495 shares remained underlying the warrant immediately following the partial exercise of the warrant and prior to the warrant's expiration on October 3, 2013.