don;t worry you are seeing that dilution now ,i don;t believe its good at all. they just did a reverse split last year getting the shares down making it a lean and could of be mean stock .but this guy loves dealing with toxic lenders look at [txhe]. diluted the hell out of it and now he's back to killing this stock with the dilution. so we know for a fact it has started and i say there other ways to get funding then to kill shareholder with toxic debt peroid.....kazzz
SPRING, Texas, Dec. 4, 2014 /PRNewswire/ -- True North Energy Corp. (OTC: TNEN) ("True North") today announced the appointment of an independent director to the board, Mr. William M. Simmons, effective today. Mr. Simmons has over thirty years experience in the oil and gas industry, working on projects worldwide, specializing in consulting, management and business development. In addition, Mr. Simmons has worked as a writer, editor and investment analyst for offshore oil and gas industry publishing and research companies. Mr. Simmons holds a Bachelor of Science degree from Texas A&M University and is currently President of Loosbrock Offshore Consultants, Inc.
Mr. Gilbert Steedley, the Company's CEO and director, said "We are pleased Mr. Simmons has joined the board as an independent director. As a seasoned oil and gas professional with extensive worldwide experience, Mr. Simmons is a valuable addition to the Company as it continues forward with its growth plan."
The Company received $50,000 in new convertible note funding to be used for possible additional oil and gas investments, if located, repayment of short term advances and working capital requirements.
