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.
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