Monthly Archives: November 2014

Quantum Energy completed transaction with the BVI company

Canadian oil and gas company Quantum Energy Corporation announced that according to the investment agreement with British Virgin Islands-registered Lang International Holdings Limited, it has completed the private placement offering of series 2 convertible debentures, pursuant to which the BVI company purchased the debentures in the amount of US$550,000.

The Series 2 Debenture, which is secured against the personal property of Quantum Energy Corporation, as well as part of company’s interest in the Alexander Project, are subject to a four month hold period. The net proceeds from the offering will be used for completion work at the company’s Alexander project and for general working capital.

Upon completion of the private placement, assuming the conversion of the Series 1 and Series 2 Debentures, the BVI company will own or control 35,924,664 common shares – that is approximately 50.11% of the total amount of common shares.

Atlas Mara Co-Nvest Limited issued ordinary shares and options to its CFO

On 15 November 2014, BVI-based company Atlas Mara Co-Nvest Limited granted options over a total of 145,000 ordinary shares to its Chief Financial Officer Arina McDonald. All such options are exercisable at a price of US$9.50 per ordinary share (the closing price on 14 November 2014). According to company’s further announcement, on 17 November 2014 its CFO was issued 161,527 ordinary shares, as a result of awards she had to forego from her previous employment.

Ms McDonald currently holds 161,527 ordinary shares in the Company and 145,000 options under the Company’s Global Share Option Plan.

It is expected that the 161,527 ordinary shares will be admitted to trading on the London Stock Exchange on or around 20 November 2014.