The dividend will consist of one (1) newly authorized Common Stock Purchase Warrant (the "Warrant") to be distributed for every one (1) share of the Company's Common Stock owned as of the Record Date. The Company has the right to call the Warrant for redemption in the future under certain circumstances, including the requirement that the market price of the Common Stock equal or exceed 150% of the exercise price of the Warrant ($6.00). If the Company exercises such a redemption right, holders of the Warrant will have 30 days to exercise the Warrants. Holders would be under no obligation to exercise the Warrants but would surrender them if they choose not to do so.FieldPoint Petroleum Corporation is engaged in oil and gas exploration, production and acquisition, primarily in Louisiana, New Mexico, Oklahoma, Texas and Wyoming. For more information, please visit www.fppcorp.com.
FieldPoint Petroleum Announces New Record Date For Warrant Dividend
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