Enhanced Oil Resources Inc. Announces Extension of Expiry Date of September/October 2010 Warrants
Sep 17, 2012
OTC Disclosure News Service
Houston, TX –
HOUSTON, Sept. 17, 2012 /CNW/ – Enhanced Oil Resources Inc. (TSX-V: EOR) (OTCQX: EORIF) announces that it is applying to the TSX Venture Exchange to extend the expiry date of 4,654,999 outstanding share purchase warrants issued in September and October 2010, to September 28, 2013, as to 2,085,000 warrants, September 30, 2013, as to 1,653,212 warrants, October 4, 2013, as to 754,287 warrants, and October 15, 2013, as to 162,500 warrants. These warrants were issued pursuant to a private placement of 9,810,000 units, each unit comprised of one common share and one half of one share purchase warrant, which closed in September and October 2010, and entitle the purchase of up to an aggregate 4,654,999 shares of the Company at a price of $0.25 per share. Insiders of the Company own approximately 6% of the warrants.
About Enhanced Oil Resources Inc.
Enhanced Oil Resources Inc. (TSX.V: EOR; OTCQX: EORIF) trades in Canada on the TSX Venture Exchange under the symbol “EOR” and in the United States on OTCQX under the symbol “EORIF”. Enhanced Oil Resources Inc. is an early-stage company, with a principal goal of increasing crude oil and natural gas production through enhanced oil recovery (“EOR”) and infill drilling projects it is initiating in the Permian Basin.
ON BEHALF OF THE BOARD OF DIRECTORS
Barry D Lasker, CEO
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