4//SEC Filing
DAYBREAK OIL & GAS INC 4
Accession 0001422124-10-000001
CIK 0001164256operating
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 6:26 PM ET
Size
6.4 KB
Accession
0001422124-10-000001
Insider Transaction Report
Form 4
WESTMORELAND JAMES F
DirectorPresident and CEO, Director
Transactions
- Award
Warrant (right to buy)
2010-01-29$0.14/sh+1$0→ 1 totalExercise: $0.14From: 2010-01-29Exp: 2015-01-29→ Common Stock (500,000 underlying)
Footnotes (1)
- [F1]On January 29, 2010, in connection with a Private Placement of 12% Subordinated Notes Due 2015 (the "Notes"), Daybreak issued Warrants to accredited investors to purchase two shares of Daybreak's common stock for every $1.00 principal amount of Notes purchased by the Investor. These Warrants are exercisable for five years from the date of issuance, at an exercise price of $0.14 per share of common stock. Mr. Westmoreland, an accredited investor, purchased $250,000 of Daybreak's Notes and was issued a Warrant for the right to purchase 500,000 shares of common stock, at an exercise price of $0.14 per share, with an expiration date of January 29, 2015.
Documents
Issuer
DAYBREAK OIL & GAS INC
CIK 0001164256
Entity typeoperating
IncorporatedWA
Related Parties
1- filerCIK 0001164256
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 6:26 PM ET
- Size
- 6.4 KB