Turner Valley Oil and Gas Inc (TVOG)

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TVOG Consultants other than Network 1 get shares that are restricted for 12 months.

examples:

"Conversion of consulting notes payable for common stock."
"10,650,000 Restricted Shares (12 months)"

Anyway..............

Network 1 - Pursuant to the Placement Agent Agreement, Turner Valley Oil and Gas, Inc. proposes to offer for sale, in a private placement up to $25,000,000.00 in the form of a 10% secured convertible preferred share to accredited investors

What is a 'Convertible Preferred Stock'. Convertible preferred stock is preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually any time after a predetermined date.