Mr. Peter Bryant reports
PETRO ONE FINANCING UPDATE
Petro One Energy Corp. announced on Sept. 8, 2014, that Korea Myanmar Development Company Ltd. (KMDC) had committed to pay $500,000 on Sept. 19, 2014, toward the private placement which was originally announced on July 28, 2014, and is currently scheduled to complete on Oct. 7, 2014. The company has now received a copy of an outgoing cable issued by Korea Exchange Bank yesterday confirming that $400,000 has been wire transferred to the Canadian-dollar trust account of the company's solicitors in Vancouver, B.C. The company has been advised that the balance of $100,000 due today will be paid by direct deposit in Vancouver this morning. The company will confirm receipt of funds by way of further news release when its solicitors have received the $100,000 deposit and an incoming wire payment notification from their bank. The company looks forward to moving ahead on this project with KMDC.
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