CULP TIM G 4
4 · PLATINUM ENERGY RESOURCES INC · Filed Jun 26, 2008
Insider Transaction Report
Form 4
CULP TIM G
DirectorChairman of the Board
Transactions
- Other
Common Stock
2008-06-24+2,115,976→ 2,115,976 total
Footnotes (1)
- [F1]On October 26, 2007, Platinum Energy Resources, Inc., a Delaware corporation (the "Issuer") consummated the acquisition of substantially all of the assets of Tandem Energy Corporation, a Colorado corporation ("TEC"), then a wholly-owned subsidiary of Tandem Energy Holdings, Inc., a Nevada corporation ("Tandem"). As part of the consideration for the assets, the Issuer issued 7,692,308 shares of its common stock to TEC. On March 11, 2008, TEC was dissolved by merger into Tandem. Tandem, the surviving corporation in the merger, acquired the assets of TEC which consisted of 7,692,308 shares of the Issuer's common stock. On June 24, 2008, Tandem dissolved under the laws of the State of Nevada. As part of Tandem's dissolution, the 7,692,308 shares of common stock held by Tandem will be distributed to its shareholders in a liquidating distribution, which includes 2,115,976 shares that will be distributed to the reporting person.