By PETRO ONE ENERGY CORP.
1300?1111 West Georgia Street Vancouver, British Columbia Canada, V6E 4M3
Telephone: 1?604?566?9089
Toll free: 877?566?9089
Facsimile: 1?604?564?8003
PetroOneEnergy.com
TSX-V: POP Frankfurt: C6K1PETRO ONE ANNOUNCES FINANCING / APPOINTS COO
January 20, 2012 - Petro One Energy Corp. (POP.V) is pleased to announce that it has engaged Aberdeen Gould Capital Markets Ltd. ("Aberdeen"), an Exempt Market Dealer, for a non-brokered private placement of units (each a "Unit") at the price of $0.60 per Unit to raise gross proceeds of up to
$1,000,000. Each Unit will be comprised of one common share
and one-half of a share purchase warrant. Each full warrant
will entitle the holder to purchase one additional common
share at the price of $0.80 for a period of two years after
Closing, subject to acceleration at the Company's option if
its shares close at $1.20 or higher for twenty (20)
consecutive trading days at any time after four months after
Closing. Aberdeen has been granted the right to increase the
size of the offering.
Proceeds from the financing will be used to fund expenses
associated with the development of the Company's oil and gas
properties. The Company has agreed to pay finder's fees in
respect of the financing in accordance with the policies of
the TSX Venture Exchange. The proposed private placement and
finder's fees are subject to TSX Venture Exchange acceptance.
All shares issued pursuant to the offering, and any shares
issued pursuant to the exercise of warrants will be subject
to a four-month hold period from the Closing date.
The Company is also pleased to report the appointment of
William Chornobay as Chief Operating Officer. Bill has
extensive experience managing public company resource
exploration programs. He will work with other members of
management on planning and budgeting for exploration and
development programs, and will assist in the daily oversight
of the Company's field operations.
ON BEHALF OF THE BOARD
"Peter Bryant"
President & Director
For further information, please visit the company's website
at PetroOneEnergy.com or contact Jeff Stuart of King James
Capital Corporation, handling Investor Relations for the
Company, by telephone at 1-604-805-0375 or by email at
jstuart@kingjamescapital.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
| distribué par | Ce noodl a été diffusé par Petro One Energy Corp. et initialement mise en ligne sur le site http://www.petrooneenergy.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-21 01:32:35 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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| Petro One Announces Financing / Appoints COO |
