Monday, June 23, 2008 2:35:41 PM
CEO loaning the company some $$$$...
Item 1.01. Entry into a Material Definitive Agreement.
On June 20, 2008, John D. Oil and Gas Company (the “Company”) granted a warrant to purchase 50,000 shares of the Company’s common stock (the “Warrant”) to Richard M. Osborne in return for Mr. Osborne providing collateral for the Company’s credit facility with RBA Citizens, N.A., d/b/a Charter One. Mr. Osborne is the Company’s chief executive officer and chairman of the board. The Warrant has an exercise price of $1.00 per share and a term of five years.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5740951
Item 1.01. Entry into a Material Definitive Agreement.
On June 20, 2008, John D. Oil and Gas Company (the “Company”) granted a warrant to purchase 50,000 shares of the Company’s common stock (the “Warrant”) to Richard M. Osborne in return for Mr. Osborne providing collateral for the Company’s credit facility with RBA Citizens, N.A., d/b/a Charter One. Mr. Osborne is the Company’s chief executive officer and chairman of the board. The Warrant has an exercise price of $1.00 per share and a term of five years.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5740951
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