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BRIEF-Pedevco Corp entered into series B convertible preferred stock and warrant subscription agreement with Dragon Gem and Absolute Frontier Ltd
August 18, 2017 / 11:02 AM / 3 months ago

BRIEF-Pedevco Corp entered into series B convertible preferred stock and warrant subscription agreement with Dragon Gem and Absolute Frontier Ltd

Aug 18 (Reuters) - Pedevco Corp

* Pedevco Corp - ‍on Aug 17, co entered into series B convertible preferred stock and warrant subscription agreement with Dragon Gem and Absolute Frontier Ltd

* Pedevco - ‍pursuant to agreement the investors agreed to pay $12 million in cash to co in exchange for issuance by co of 542,790 shares of co’s series B preferred stock

* Pedevco Corp - the ‍series B preferred stock will be convertible into 53.86 percent of co's issued and outstanding shares on an as-converted to common stock basis Source text: (bit.ly/2wggfBO) Further company coverage:

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