OKMN 8-K
Okmin Resources, Inc. (OKMN)
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
Date of Report (Date of earliest event
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| of incorporation) | File Number) | Identification No.) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
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Item 3.02 Unregistered Sales of Equity Securities
On September 29, 2022, the Company completed the placement of 6,375,000 equity units in a private placement. Each unit consists of 1 common share and 0.5 of a warrant. The units were priced at $0.04 per unit and each full warrant will be exercisable to buy one share of the Company’s common stock at a price of $0.05 until December 31, 2024. Pursuant to the terms of the placement the Company issued 6,375,000 common shares and 3,187,500 warrants for gross proceeds of $255,000. These equity units were issued pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933 and Regulation D promulgated thereunder. Proceeds from the Placement will be used to fund work on the Company’s oil and gas properties and for general corporate purposes.
Item 9.01 Exhibits
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
| OKMIN RESOURCES INC. | ||||||
| Date: September 29, 2022 | By: |
/s/ Jonathan Herzog | ||||
| Name: | Jonathan Herzog | |||||
| Title: | Chief Executive Officer/CFO/Director | |||||