Filing Details

Accession Number:
0001580695-18-000521
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-12-07 15:57:09
Reporting Period:
2018-09-30
Accepted Time:
2018-12-07 15:57:09
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1368637 Petrolia Energy Corp BBLS Crude Petroleum & Natural Gas (1311) 861061005
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1646585 Martin Joel Oppenheim 121 N. Post Oak Lane, Apt. 1201
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 Shares Acquisiton 2018-11-09 175,932 $0.06 6,295,122 No 4 P Direct
Common Shares (Restricted) Acquisiton 2018-11-13 312,500 $0.08 6,607,622 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 A Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Warrants Acquisiton 2018-09-30 250,000 $0.10 250,000 $0.10
Common Warrants Acquisiton 2018-09-30 250,000 $0.10 250,000 $0.10
Common Warrants Acquisiton 2018-10-31 625,000 $0.10 625,000 $0.10
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
4,425,833 2019-01-01 2021-01-01 No 4 A Direct
4,675,833 2018-09-30 2021-09-30 No 4 A Direct
5,300,833 2018-10-31 2020-11-01 No 4 A Direct
Footnotes
  1. Mr. Oppenheim acquired these shares in a private third-party transaction at a market value of $0.06/share.
  2. Mr. Oppenheim participated in Private Placement #4 at $0.08/share, participants also received 2x warrants for every share, exercisable for 2 years.
  3. Mr. Oppenheim receives a 250,000-warrant issuance quarterly as part of his compensation 2018 compensation package for his service on the Board; exercisable for a 24 months period as of January 1, 2019.
  4. Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.
  5. The Transactions reported were part of a LOC agreement, where by the reporting person was to receive 250,000 warrants quarterly, exercisable for 3 years. The exercise price of the additional warrants will be based on the average common stock market price over the previous 90 days.