SEC Form 4 · accession 0001213900-15-005596
DEEP WELL OIL & GAS INC · DWOG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brata Das Satya
Director
Period of report
Jul 28, 2015
Accepted (ET)
Jul 31, 2015 · 7:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000869495
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants for Common SharesF1,F2 | — | Jul 28, 2015 | J | 117,506 | D | Nov 9, 2010 | Nov 23, 2016 | Common Stock | 117,506 | 1,661,065 | I |
Explanation of responses
- F1Pursuant to a subscription agreement dated November 9, 2010, Deep Well Oil & Gas, Inc. (the "Company") completed a private placement with Cambridge Strategies, Inc. ("Cambridge") of which warrants were issued. Each warrant entitles the holder the option to purchase one common share at a price of $0.105 for a period of three years from the date of closing. On July 28, 2015, the Company's Board approved that the expiry date of the warrants be extended from November 23, 2015 to November 23, 2016. In consideration for extending the expiry date of the warrants to November 23, 2016 the Company and Cambridge agreed to reduce the number of warrants from 428,571 to 311,065 with the exercise price remaining the same as the original warrant and all other terms of the warrant remaining unchanged.
- F2Cambridge Strategies Inc. is a company owned 50% by Mr. Satya Brata Das (a director of the Company) and 50% owned by his wife.