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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (57970)	5/21/2019 6:08:32 PM
From: Goose94	Read Replies (1) \| Respond to of 203664

Molori Energy (MOL-V) May 21, '19 has arranged a non-brokered private placement of up to 27,272,727 units at a price of 5.5 cents per unit for gross proceeds of up to $1.5-million. Each Unit will consist of one common share in the capital of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant, being a "Warrant"). Each full Warrant shall be exercisable to acquire one additional Share at a price of $0.10 for a period of two years from the date of issuance. The Warrants will include the following acceleration clause: "The Warrants may be accelerated by the Company, at its sole option, if the volume weighted average trading price of the Shares of the Company on the TSX Venture Exchange (the "TSX-V"), or other stock exchange quotation system on which the Shares are then listed or quoted is equal to or greater than $0.50 for a period of twenty (20) consecutive trading days, by giving notice to the holders thereof and, in such case, the Warrants will expire at 4:00 p.m. local time on the earlier of: (i) the 30th day after the date on which such notice is given by the Company in accordance with the terms of the Warrants, and (ii) the actual expiry date of the Warrants." In connection with the Offering, the Company may pay a finder's fee within the amount permitted by the policies of the TSX-V. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the TSX-V. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The net proceeds from the Offering will be used for general corporate and working capital purposes. About Molori Molori Energy Inc. is an oil and gas production company with current operations in the Texas Panhandle WestField. The focus of the Company’s exploration and development arm is the underdeveloped Red Cave formation,where Molori has engaged in a broad drilling program to assess and develop its acreage. Molori’s business model is to deliver sustainable growth in shareholder value by focusing on exploiting its existing reserves, commercializing and developing discoveries and pursuing selective acquisitions. Molori’s operating team, based in Borger, Texas have extensive experience in the oil and gas industry in the TexasPanhandle. The Company believes that the area represents a significant hydrocarbon basin in a well-developedregion. By employing leading-edge exploration and frac techniques, Molori believes that the Company is wellpositioned to increase its production and reserves and further benefit from the opportunities that exist in the TexasPanhandle region. Joel Dumaresq CEO and Director Molori Energy Inc.(604) 336 3193 joel@molorienergy.com www.molorienergy.com