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Microcap & Penny Stocks : OILEX (OLEX)

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To: Brezlin who wrote (2672)1/29/1998 10:50:00 AM
From: OFW   of 4276
 
OILEX FILES YET ANOTHER DEBENTURE WITH SEC

Oilex filed this morning yet another 8-K document to the SEC reporting yet another debenture.

This debenture was initiated on December 5, 1997 in the amount of $187,500 being sold at 80% of the face value. Conversion is again at 80% anytime after 45 days and before one year from date of closing. Commission paid of 10% plus a 2% unaccountable expense allowance.

The filing reports that the entire $187,500 had been committed as of December 5, 1997.

freeedgar.com

Offie
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