Khan Zel C 4

Accession 0001580695-18-000104

CIK 0001368637other

Filed

Feb 13, 7:00 PM ET

Accepted

Feb 14, 9:03 PM ET

Size

23.4 KB

Accession

0001580695-18-000104

Form 4

Period: 2016-09-30

President & CEO

Transactions

Other
Common Stock (Restricted)
2016-12-31$0.18/sh+14,443,936$2,599,908→ 26,930,741 total(indirect: Jovian Petroleum Corporation)
Other
Common Stock (Restricted)
2016-12-31$0.18/sh+66,395$11,951→ 26,997,136 total(indirect: Jovian Petroleum Corporation)
Other
Common Stock (Restricted)
2017-05-30$0.21/sh+7,192,026$1,510,325→ 34,189,162 total(indirect: Jovian Petroleum Corporation)
Award
Common Stock (Restricted)
2017-06-05$0.08/sh+40,000$3,200→ 34,229,162 total(indirect: Jovian Petroleum Corporation)
Other
Common Stock (Restricted)
2017-07-21$0.14/sh+8,737,891$1,223,305→ 42,967,053 total(indirect: Jovian Petroleum Corporation)
Award
Preferred Stock (Series A)
2017-07-24$10.00/sh+21,510$215,100→ 21,510 total(indirect: Jovian Petroleum Corporation)
Purchase
Warrant
2016-09-30+40,000→ 1,070,000 total
Exercise: $0.20From: 2016-09-30Exp: 2019-09-30→ Common Stock (40,000 underlying)
Purchase
Warrant
2016-12-30+40,000→ 1,110,000 total
Exercise: $0.14From: 2016-03-31Exp: 2019-03-31→ Common Stock (40,000 underlying)
Purchase
Warrants
2017-05-23+6,000,000→ 7,110,000 total(indirect: Jovian Petroleum Corporation)
Exercise: $0.20From: 2017-05-23Exp: 2020-05-23→ Common Stock (6,000,000 underlying)
Purchase
Warrants
2017-05-23+4,000,000→ 11,110,000 total(indirect: Jovian Petroleum Corporation)
Exercise: $0.35From: 2016-02-01Exp: 2019-02-01→ Common Stock (4,000,000 underlying)

Footnotes (6)

[F1]The 14,443,936 common shares were issued is in relation to the Share Exchange agreement were Petrolia acquired a 40% net WI from Jovian in the SUDS Field. Petrolia already owned 10% WI. Mr. Khan is the indirect beneficial owner of Jovian Petroleum Corporation; do to his majority stake in that company.
[F2]This transaction of 66,395 common shares are post-closing adjustments the final distribution of shares in the acquisition of the 40% WI mentioned in the above note.
[F3]This transaction is part of a debt/equity swap of which Jovian agreed to convert the outstanding $2 million note into equity in BBLS.
[F4]Mr. Khan was issued Shares and Warrants as part of the deferred salary compensation he has received.
[F5]This share and warrant transaction was for the conversion of debt associated to the Notes held against Petrolia, by Jovian, for the production payment debt.
[F6]Jovian Petroleum Corporation participated in the Series A, Preferred Stock offering was used as part of the settlement of the $2 million Promissory note conversion.

Documents

1 file

Petrolia Energy Corp

CIK 0001368637

Entity typeother