* Source: Resources Audit Report Welchau Prospect, ADX-AT-II Concession, Austria, Prepared for Pinedale Energy Limited by Gaffney, Cline & Associates Limited December 2022. There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
MCF Energy Updates Operations in European Gas Exploration
CAPITAL STRUCTURE | # OF SHARES |
---|---|
Existing Pinedale Energy shareholders | 115,722,114 |
Sub Receipts Financing @ $0.20/share | 42,500,000 |
Sub Receipts Financing @ $0.50/share | 24,799,000 |
Shares for German/Austrian interests | 26,250,000 |
Shares for Genexco Acquisition | 11,067,750 |
Proforma common shares | 220,338,864 |
Dilutive Securities | |
Stock options issued and outstanding | 13,350,000 |
Finders Warrants @ $0.62 (Expire Mar '24) | 982,940 |
Proforma fully diluted common shares | 234,671,804 |