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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Deep Well Oil and Gas (CE) | USOTC:DWOG | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
NEVADA
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0-24012
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13-3087510
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(State or other jurisdiction of
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(Commission File Number)
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(IRS Employer
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incorporation)
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Identification No.)
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Suite 700, 10150 – 100 Street, Edmonton, Alberta, Canada
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T5J 0P6
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(Address of principal executive offices)
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(Zip Code)
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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1.) Effective date of the Amending Agreement will be June 20, 2013;
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2.) Term of Agreement will be until December 31, 2014;
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3.) The Consultant shall continue to provide services as President and CEO of the Company until the termination of the Agreement;
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4.) The fees payable to the Consultant in the Prior Agreement will be terminated and the Company will grant the Consultant 5-year options on 1,000,000 of its common shares exercisable at US$0.05 per share. One half of these shares are vested immediately and the remaining one half will be vested on June 20, 2014;
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5.) As consideration for the execution of the Amending Agreement and the Termination of parts of the Prior Agreement, the Consultant will receive:
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a. $70,000 CDN, and
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b. 850,000 units of the Company’s shares and warrants at a price of US$0.05 per unit. Each unit shall be comprised of one restricted Company common share and one 3 year full warrant entitling Portwest to be able to purchase another share for US$0.075. The warrants expire on June 20, 2016.
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Exhibit No.
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Description
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4.1
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Form of Subscription Agreement for private placement dated July 10, 2013, filed herewith.
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4.2
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Form of Warrant dated July 10, 2013, filed herewith.
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10.1
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Form of Stock Option Agreement dated effective June 20, 2013, filed herewith.
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10.2
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Consulting agreement by and between Northern Alberta Oil Ltd. and Portwest Investments Ltd., dated July 1, 2005, (incorporated by reference to exhibit 10.16 to the Company’s Form 10-KSB filed on February 23, 2007).
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10.3
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Amending Agreement by and between Northern Alberta Oil Ltd. and Portwest Investments Ltd., dated July 10, 2012, filed herewith.
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DEEP WELL OIL & GAS, INC.
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||||
Date: July 16, 2013
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By:
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/s/ Curtis Sparrow
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Mr. Curtis Sparrow
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Chief Financial Officer
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1 Year Deep Well Oil and Gas (CE) Chart |
1 Month Deep Well Oil and Gas (CE) Chart |
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