0001185185-15-000122.txt : 20150120
0001185185-15-000122.hdr.sgml : 20150119
20150120205517
ACCESSION NUMBER: 0001185185-15-000122
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150109
FILED AS OF DATE: 20150120
DATE AS OF CHANGE: 20150120
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Pegasi Energy Resources Corporation.
CENTRAL INDEX KEY: 0001363254
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 204711443
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 218 N. BROADWAY, SUITE 204
CITY: TYLER
STATE: TX
ZIP: 75702
BUSINESS PHONE: (903) 595-4139
MAIL ADDRESS:
STREET 1: 218 N. BROADWAY, SUITE 204
CITY: TYLER
STATE: TX
ZIP: 75702
FORMER COMPANY:
FORMER CONFORMED NAME: MAPLE MOUNTAIN EXPLORATIONS INC.
DATE OF NAME CHANGE: 20060517
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Neufeld Michael H
CENTRAL INDEX KEY: 0001422134
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-54842
FILM NUMBER: 15537296
MAIL ADDRESS:
STREET 1: P.O. BOX 2033
CITY: TYLER
STATE: TX
ZIP: 75710
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2015-01-09
0
0001363254
Pegasi Energy Resources Corporation.
PGSI
0001422134
Neufeld Michael H
C/O PEGASI ENERGY RESOURCES CORPORATION
218 N. BROADWAY, SUITE 204
TYLER
TX
75702
1
1
0
0
President, CEO
Convertible Note
0.12
2015-01-09
4
P
0
100000
100000
A
2015-01-09
Common Stock
833333
100000
I
By Teton, Ltd.
Warrants
0.132
2015-01-09
4
P
0
277778
0
A
2015-01-09
2022-01-09
Common Stock
277778
277778
I
By Teton, Ltd.
The conversion price underlying the convertible note shall be equal to the lower of (i) $0.12 or (ii) the higher of (x) $0.05 or (y) the VWAP on the trading day immediately preceding the conversion date, subject to adjustment.
Investor holding a majority in interest of the outstanding notes may demand a full payment of the note, provided that such demand cannot be made prior to January 9, 2016.
The number of shares is based on the current conversion price. The reporting person may not convert the note if such conversion would result in the reporting person or any of its affiliates would beneficially own more than 4.99% of Common Stock.
The exercise price underlying the warrant shall be the lower of (i) $0.132 or (ii) the higher of (x) $0.06 or (y) 110% of the VWAP on the trading day immediately preceding the date of the exercise notice, subject to adjustment.
The reporting person may not exercise the warrant if such exercise would result in the reporting person or any of its affiliates would beneficially own more than 4.99% of Common Stock.
/s/ Michael Neufeld
2015-01-20