4//SEC Filing
DEEP WELL OIL & GAS INC 4
Accession 0001213900-17-000420
CIK 0000869495operating
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 12:11 PM ET
Size
10.3 KB
Accession
0001213900-17-000420
Insider Transaction Report
Form 4
YOUYOU MALIK
Director10% Owner
Transactions
- Other
Warrant Expired
2016-11-23−20,737,662→ 32,006,494 totalExercise: $0.10From: 2010-11-09Exp: 2016-11-23→ Common Stock (20,737,662 underlying) - Other
Warrant Expired
2016-11-23−31,106,494→ 900,000 totalExercise: $0.10From: 2012-11-23Exp: 2016-11-23→ Common Stock (31,106,494 underlying)
Footnotes (3)
- [F1]Pursuant to a subscription agreement dated November 9, 2010, Deep Well Oil & Gas, Inc. (the "Company") completed a private placement with Mr. Malik Youyou, a director of the Company, of which warrants were issued. Each warrant entitled the holder the option to purchase one common share at a price of $0.105 for a period of three years from the date of closing. On July 28, 2015, the Company's Board approved that the expiry date of the warrants be extended from November 23, 2015 to November 23, 2016. In consideration for extending the expiry date of the warrants to November 23, 2016 the Company and Mr. Youyou agreed to reduce the number of warrants from 28,571,428 to 20,737,662 with the exercise price remaining the same as the original warrant and all other terms of the warrant remaining unchanged. On November 23, 2016, 20,737,662 warrant shares previously granted to Mr. Youyou, on November 9, 2010, and subsequently amended on July 28, 2015, expired unexercised.
- [F2]Pursuant to a subscription agreement dated November 23, 2012, the Company closed a private placement with Mr. Youyou, a director of the Company, of which warrants were issued. Each warrant entitled the holder the option to purchase one common share at a price of $0.105 for a period of three years from the date of closing. On July 28, 2015, the Company's Board approved that the expiry date of these warrants be extended from November 23, 2015 to November 23, 2016. In consideration for extending the expiry date of the warrants to November 23, 2016 the Company and Mr. Youyou agreed to reduce the number of warrants from 42,857,142 to 31,106,494 with the exercise price remaining the same as the original warrant and all other terms of the warrant remaining unchanged. On November 23, 2016, 31,106,494 warrant shares previously granted to Mr. Youyou, on November 23, 2012, and subsequently amended on July 28, 2015, expired unexercised.
- [F3]Taking into effect that Mr. Youyou directly and indirectly currently has 115,206,091 shares of common stock of the Company and only if Mr. Youyou exercises all of his options to acquire an additional 900,000 shares of Deep Well's common stock, Mr. Youyou would have 50.03% of the issued and outstanding common stock of the Company. Mr. Youyou had not exercised any of these currently outstanding options and without the exercise of Mr. Youyou's outstanding options, Mr. Youyou has a 49.83% ownership of the Company's issued and outstanding common stock. Mr. Youyou currently now has no outstanding warrants of the Company.
Documents
Issuer
DEEP WELL OIL & GAS INC
CIK 0000869495
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000869495
Filing Metadata
- Form type
- 4
- Filed
- Jan 17, 7:00 PM ET
- Accepted
- Jan 18, 12:11 PM ET
- Size
- 10.3 KB