Filing Details

Accession Number:
0001493152-19-006762
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-05-10 11:09:56
Reporting Period:
2018-07-12
Accepted Time:
2019-05-10 11:09:56
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 Shares (Restricted) Acquisiton 2018-07-12 500,000 $0.07 1,416,667 No 4 P Indirect American Resources Offshore Inc.
Common Shares Acquisiton 2018-10-03 468,750 $0.07 1,885,417 No 4 P Indirect American Resources Offshore Inc.
Common Shares Acquisiton 2018-11-02 547,755 $0.06 2,433,171 No 4 P Indirect American Resources Offshore Inc.
Common Shares Acquisiton 2018-12-19 156,250 $0.08 2,041,667 No 4 A Indirect American Resources Offshore Inc.
Common Shares Acquisiton 2019-01-15 1,000,000 $0.05 3,589,421 No 4 A 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.
No 4 P Indirect American Resources Offshore Inc.
No 4 A Indirect American Resources Offshore Inc.
No 4 A Indirect American Resources Offshore Inc.
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrant Acquisiton 2018-08-17 20,000 $0.10 20,000 $0.10
Common Stock Warrant Acquisiton 2018-09-30 250,000 $0.10 250,000 $0.10
Common Stock Warrant Acquisiton 2018-12-14 312,500 $0.10 312,500 $0.10
Common Stock Warrant Acquisiton 2018-12-31 250,000 $0.10 250,000 $0.10
Common Stock Warrant Acquisiton 2019-03-31 250,000 $0.10 250,000 $0.10
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
686,667 2018-08-17 2019-08-17 No 4 A Indirect
936,667 2018-09-30 2020-09-30 No 4 A Direct
1,249,167 2018-12-14 2020-11-01 No 4 A Indirect
1,499,167 2018-12-31 2020-12-31 No 4 A Direct
1,749,167 2019-03-31 2021-03-31 No 4 A Direct
Footnotes
  1. Mr. Siem acquired these shares in a private third-party transaction at a market value of $0.065/share.
  2. Mr. Siem acquired these shares in a private third-party transaction at a market value of $0.064/share.
  3. Mr. Siem indirectly participated in Private Placement #4 at $0.08/share, participants also received 2x warrants for every share, exercisable for 2 years.
  4. Mr. Siem acquired these shares in a private third-party transaction at a market value of $0.05/share.
  5. Mr. Siem 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.
  6. Mr. Siem indirectly participated in a Bridge Loan for $20,000 in August 2018, as part of the compensation for the loan participants received an interest rate of 12% simple interest and one (1) warrant for every dollar loaned; exercisable for one year.
  7. Mr. Siem receives a 250,000-warrant issuance quarterly as part of his compensation 2019 compensation package for his service on the Board; exercisable for a 24 months period.
  8. Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.