Petrichor Energy Inc. - 2013-04-03
Description
Negotiated a private placement through the issuance of convertible debentures. Subscribers will have the right to convert the principal amount and any accrued but unpaid interest into common shares of the company. Proceeds will be used in the acquisition of the Marble Falls property in Texas and to fund the drilling and advancement of development of oil and gas wells on the company's assets towards commercial production.