Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 173

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 173
---
,000  
    Director 
    $Nil  
    Services  
     Sec. 4(a)(2) 
  
     November 2024 
    (h) 
    Common Stock
     250,000  
    Consultants 
    $Nil  
    Services  
     Sec. 4(a)(2) 
  
     December 2024 
    (d) 
    Common Stock
     225,000  
    Consultants 
    $Nil  
    Services  
     Sec. 4(a)(2) 
  
     June 2025 
    (i) 
    Common Stock
     500,000  
    Legal Fees 
    $Nil  
    Services  
     Sec. 4(a)(2) 

    (a)
    On September 30, 2022, the Company’s Board of Directors approved the issuance of 315,000 shares of the Company’s common stock in lieu of a cash payments of $12,600 in consideration of a compliance consulting services agreement and additional accounting, secretarial and public and investor relations services.
  
    (b)
    On September 29, 2022, the Company completed the initial placement of 6,375,000 equity units in a private placement. Subsequently, through March 31, 2023, the Company placed an additional 3,662,500 equity units in the private placement. Each unit consists of 1 common share and 0.5 of a warrant. The units were priced at $0.04 per unit and each full warrant will be exercisable to buy one share of the Company’s common stock at a price of $0.05 until December 31, 2024. Pursuant to the terms of the placement the Company issued an aggregate of 10,037,500 common shares and 5,018,750 warrants for gross proceeds of $401,500. These equity units were issued pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933 (the “Securities Act”) and Regulation D promulgated thereunder.
  
    (c)
    On December 29, 2022, the Company issued 2,400,000 shares of common stock to a corporate consultant at a deemed value of $60,000.
  
    (d)
    On February 11, 2023, the Company issued