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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrant | $ 0.2 | 09/30/2016 | P | 40,000 (4) | 09/30/2016 | 09/30/2019 | Common Stock | 40,000 | (4) | 1,070,000 | D | ||||
Warrant | $ 0.14 | 12/30/2016 | P | 40,000 (4) | 03/31/2016 | 03/31/2019 | Common Stock | 40,000 | (4) | 1,110,000 | D | ||||
Warrants | $ 0.2 | 05/23/2017 | P | 6,000,000 (5) | 05/23/2017 | 05/23/2020 | Common Stock | 6,000,000 | (5) | 7,110,000 | I | Jovian Petroleum Corporation | |||
Warrants | $ 0.35 | 05/23/2017 | P | 4,000,000 (5) | 02/01/2016 | 02/01/2019 | Common Stock | 4,000,000 | (5) | 11,110,000 | I | Jovian Petroleum Corporation |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Khan Zel C 7941 KATY FWY STE 522 HOUSTON, TX 77024 |
X | CEO |
/s/ Zel C Khan | 02/14/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 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. |
(2) | 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. |
(3) | This transaction is part of a debt/equity swap of which Jovian agreed to convert the outstanding $2 million note into equity in BBLS. |
(4) | Mr. Khan was issued Shares and Warrants as part of the deferred salary compensation he has received. |
(5) | 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. |
(6) | 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. |