Dune Oil Corp 8-K, filed Aug 27, 2021
Dune Oil Corp. (DUNXF)
About this 8-K
Dune Oil Corp filed this 8-K on August 27, 2021, reporting on events of August 6, 2021.
Items reported
- Item 3.02: Unregistered sale of equity
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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| ITEM 3.02 | UNREGISTERED SALES OF EQUITY SECURITIES |
Exercise of Warrants
On August 6, 2021, we received CAD$1,936,080 and on August 20, 2021, we received CAD$486,749.64 from the exercise of warrants previously granted. The warrants were exercised at a price of CAD$0.12 for a total of 16,134,000 common shares and 4,056,247 common shares, respectively, being issued. A total of 17,330,247 warrants are being exercised by third parties who are neither officers nor directors of our company and 2,860,000 warrants are being exercised by two officers of our company. No commissions or placement fees have been paid relating to the funds received from these warrant exercises. Proceeds will be used for general corporate purposes.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
We issued the above securities to fifty four (54) non-US persons (as that term is defined in Regulation S of the Securities Act of 1933), in offshore transactions relying on Regulation S of the Securities Act of 1933, as amended.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Trillion Energy International Inc. | |
| /s/ David Thompson | |
| David Thompson | |
| Director and Chief Financial Officer | |
| Date: August 27, 2021 |