Roy Mansano - Feb 28, 2022 Form 3 Insider Report for OKMIN RESOURCES, INC. (OKMN)

Role
10%+ Owner
Signature
/s/ Roy Mansano
Stock symbol
OKMN
Transactions as of
Feb 28, 2022
Transactions value $
$0
Form type
3
Date filed
1/3/2023, 05:42 PM
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OKMN Common Stock 3M Feb 28, 2022 Direct
holding OKMN Common Stock 1.25M Feb 28, 2022 By Roy Mansano MD APMC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding OKMN 10% Convertible Loan Feb 28, 2022 Common Stock 7.96M $0.03 By Roy Mansano MD APMC F1
holding OKMN Warrants Feb 28, 2022 Common Stock 2.65M $0.03 By Roy Mansano MD APMC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 For every three shares of Common Stock received upon conversion of this loan, the holder will also receive one Warrant to buy an additional share of Common Stock at an exercise price of $0.03 per share. The number of such Warrants that the reporting person could acquire in that manner as of 3-10-22 is reported on the next line of this Form 3.
F2 These Warrants are not currently outstanding but may be issued upon conversion of the 10% Convertible Loan reported on the previous line of this Form 3. The Warrants will be exercisable immediately if and when issued.
F3 If and when issued, the Warrants will have a three year term.