Petro One Energy Corp. (TSXV: POP.V) applied to the TSX Venture Exchange to extend by two years the exercise terms of certain outstanding share purchase warrants, the company said Feb. 27.
The company is trying to extend warrants for units issued on Jan. 20, March 14 and Aug. 28, 2012, Petro One said. These units were issued as one common share and half of a share purchase warrant, the company said, noting that 3,845,793 shares were issued at 60 cents per unit.
Currently, the warrants are exercisable, for one share at 80 cents, until March 15 of this year, the company said. Petro One seeks extension until March 15, 2016, the company said.
The exercise price will remain unchanged, the company noted.
Petro One Energy, based in Vancouver, acquires and explores petroleum and natural gas properties in western Canada.
Recommended Reading
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
2024-04-26 - Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
2024-04-09 - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.