Filing Details
- Accession Number:
- 0001580695-18-000493
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-11-07 15:52:38
- Reporting Period:
- 2018-07-24
- Accepted Time:
- 2018-11-07 15:52:38
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1368637 | Petrolia Energy Corp | BBLS | () | 4 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1187993 | Ivar Siem | 710 N. Post Oak Rd., Ste. 512 Houston TX 77024 | Yes | No | No | 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 | 2018-07-24 | 468,750 | $0.07 | 1,885,416 | No | 4 | P | Indirect | American Resources Offshore Inc. |
Common Stock | Acquisiton | 2018-08-15 | 547,755 | $0.06 | 2,433,171 | No | 4 | P | Indirect | American Resources Offshore Inc. |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | American Resources Offshore Inc. |
No | 4 | P | Indirect | American Resources Offshore Inc. |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Warrants to Purchase Common Stock | Acquisiton | 2018-08-17 | 20,000 | $0.00 | 20,000 | $0.10 |
Common Stock | Convertible Promissory Note | Acquisiton | 2018-08-17 | 0 | $20,000.00 | 200,000 | $0.10 |
Common Stock | Options to Purchase Common Stock | Acquisiton | 2018-09-30 | 250,000 | $0.00 | 250,000 | $0.10 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
20,000 | 2018-08-17 | 2019-08-17 | No | 4 | A | Indirect |
0 | 2018-08-17 | 2018-10-17 | No | 4 | A | Indirect |
250,000 | 2018-09-30 | 2020-09-30 | No | 4 | A | Direct |
Footnotes
- As additional consideration for entering into the Convertible Promissory Note on the same date (as described in the table above), the Issuer granted the Reporting Person one-year warrants to purchase one share of the Issuer's common stock at an exercise price of $0.10 per share for each dollar loaned pursuant to the Convertible Promissory Note. Exempt pursuant to Rule 16b3(d).
- The Convertible Promissory Note was due on October 17, 2018.
- Not including any shares issuable upon conversion of accrued interest. The Convertible Promissory Note accrues interest at the rate of 12% per annum until paid in full, which interest is convertible into shares of common stock on the same terms as the principal amount of the debt. Exempt pursuant to Rule 16b3(d).
- Issued in consideration for services rendered. Exempt pursuant to Rule 16b3(d).