Tuesday, March 27th, 2012 and is filed under Financial Updates
FieldPoint Petroleum Corporation (NYSE MKT: FPP) announced today that Warrants recently issued to its shareholders as a dividend may begin trading on the American Stock Exchange as early as today, March 27.
FieldPoint President and CEO, Ray D. Reaves said, “The wheels are in motion for possible record breaking revenues in the first quarter of 2012, and we have every reason to believe that this trend could continue throughout the year. We wanted to find a way that our shareholders could have additional participation in the Company’s growth without making additional financial commitments before our results are known. I’m very pleased to say that I believe our Warrant Dividend program has done that.”
The Warrants grant each shareholder the right to purchase one additional share of Common Stock for each share held on the Record Date (March 23, 2012), for a period of six years, at an exercise price of $4.00 per share. The Warrant will be distributed as soon as practicable after the Record Date. Read More