Placement to raise a minimum of $3 million @ $0.02;the company reserves the right to accept oversubscriptions
· Issue price is a 24.5% discount to the 15 Day VWAP, and a17% discount to the 10 Day VWAP · Investors will receive 1 option for every 2 shares subscribed, with a $0.04 strike, expiring 2 years from issue date. · SHE's Enterprise Value is only $6.5m · Stonehorse currently has working interests ineight producing wells including a working interest in three “workover” wells as part of the Orion Joint Venture · SHE continues to increase its portfolio of working interests in producing oil and gas wells located in the Anadarko Basin, Oklahoma, both directly and through the Orion Joint Venture alongside Brookside Energy (BRK) · A 2nd load of oil (~300 barrels) was sold in January from the Thelma 12-1 well located in the SCOOP Play, northeast of Brookside’s SWISH Area of Interest · Stonehorse’s share of gross revenue from oil and gas sales for the fourth quarter of 2020 averaged US$32,000 per month, amore than 50% increase over the prior quarter · Workover operations have been completed at Thelma and have delivered an almostseven-fold increase in daily gas production and significantly extended the wells producing life · EverBlu as principal has cornerstoned a minimum $500,000 of the placement
SHE Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
