Plastic2Oil Inc (PTOI)

[Eli's Gone]

New Board members filed their ownership reports. How did Aspin receive warrants dated 2016?

On October 18, 2016 the Company entered into a Subscription Agreement with a investors, pursuant to which, the Company sold in a private placement a $400,000 principal amount 12% Secured Promissory Note due on October 18, 2021, together with a five-year warrant to purchase up to 400,000 shares of the Company’s common stock at an exercise price of $0.12 per share.

Secured Promissory Note -$100,000 in August 24, 2016 bearing interest of 12% per annum compounded annually, together with a five-year warrant to purchase up to one million shares of the Company’s common stock at an exercise price of $0.12 per share, and payable upon maturity in 2021 and secured by a security interest in substantially all of the assets of the Company and its subsidiaries.