AMAZING ENERGY OIL AND GAS, CO. (OTCMKTS:AMAZ) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities
Effective January 10, 2019, the Company officially closed its working interest participation offering (the “Working Interest Offering”). The Company raised a total of $1,260,000 to the Working Interest Offering, from a total of thirteen (13) accredited investors. In addition to receiving a working interest participation in the WWJD#31 Horizontal Well Drilling Program, each investor received one (1) share of Company common stock for each two (2) dollars invested in the Working Interest Offering. to the Working Interest Offering, the Company will issue a total of five hundred thirty thousand (630,000) shares of its common stock to the investors.
Included among the investors are six members of the Company’s Board; each of which did so on par with the other investors.
Item 9.01 Financial Statements and Exhibits
Amazing Energy Oil & Gas, Co. Exhibit
EX-99.1 2 exhibit_99-1.htm PRESS RELEASE,…
To view the full exhibit click here
About AMAZING ENERGY OIL AND GAS, CO. (OTCMKTS:AMAZ)
Amazing Energy Oil and Gas, Co. is an independent energy company. The Company is engaged in the business of exploration, development and production of oil and gas in the Permian Basin of West Texas. The Company is also engaged in the production and sale of oil and natural gas. The Company is developing resource potential from the Queens formation. Its additional drilling targets include the Greyburg, San Andreas and Devonian zones. As of July 31, 2016, the Company had leasehold rights within approximately 70,000 contiguous acres in Pecos County, Texas, which lies within the Permian Basin. The property is located in the Northeast region of the County. The Pecos leasehold lies within the White & Baker Field and portions of the Walker Field. The Pecos leasehold consists of multiple leases. As of July 31, 2016, its estimated net proved reserves were 745,190 barrels of oil equivalent (BOE). As of July 31, 2016, the Company owned 22 oil and gas wells in the Permian Basin.