DEEP WELL OIL & GAS INC 4
4 · DEEP WELL OIL & GAS INC · Filed Jun 21, 2016
Insider Transaction Report
Form 4
SCHMID HORST A
Director
Transactions
- Other
Warrant (expired)
2016-06-20−520,000→ 3,100,000 total(indirect: See Footnote)Exercise: $0.07From: 2013-06-20Exp: 2016-06-20→ Common Stock (520,000 underlying)
Footnotes (2)
- [F1]Effective on June 20, 2013, Portwest Investments Ltd., a company 100% owned by Dr. Horst A. Schmid, closed a private placement with the Issuer for an aggregate of 850,000 units at a price of US$0.05 per unit, for total gross proceeds of US$42,500. Each unit was comprised of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitled the holder to purchase one additional Common Share at a price of US$0.075 per Common Share for a period of three years from the date of closing. On August 12, 2013, Portwest Investment Ltd. acquired 330,000 Common Shares upon a partial exercise of the Warrant. And on June 20, 2016, the Warrant expired.
- [F2]Portwest Investment Ltd. is a private corporation registered in Alberta, Canada, and is 100% owned a Dr. Horst A. Schmid.