13:24:18 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



DualEx Energy International Inc
Symbol DXE
Shares Issued 114,038,939
Close 2016-10-21 C$ 0.015
Market Cap C$ 1,710,584
Recent Sedar Documents

DualEx Energy Alberta property agreement

2016-10-21 18:39 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pursuant to an asset purchase agreement between DualEx Energy International Inc. and a private company. Pursuant to the terms of the agreement, the company will acquire approximately 37,000 net acres of oil- and gas-producing land located in the Rycroft, Valhalla and Gordondale areas of northwest Alberta. In consideration, the company will pay $285,000 cash and issue two million non-interest-bearing, non-voting Series I preferred shares.

The preferred shares will be convertible at the option of the holder into units of the company. The number of units issuable upon conversion of the preferred shares is equal to the number of preferred shares to be converted multiplied by $1 and divided by the volume-weighted average of the trading price of the common shares of the company on the exchange during the immediately prior 20-consecutive-day period prior to conversion. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at the greater of five cents at the time of conversion of the preferred shares and the conversion price, and exercisable for up to five years from the date of closing of this transaction.

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