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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 19, 2014) - Petro One Energy Corp. (TSX VENTURE:POP)(FRANKFURT:C6K1) is pleased to report that it has received bank confirmation that the $500,000 payment due on September 19, 2014 pursuant to the Company's agreement with Korea Myanmar Development Company Ltd. ("KMDC") has been received and was on deposit prior to the close of business on September 19, 2014. An additional $500,000 remains payable on September 26, 2014 and the balance of $2,000,000 is payable on or before October 7, 2014 to complete the $6,000,000 in private placement funding scheduled to close on that date. The remaining $3,500,000 of private placement funding is currently held on deposit pending closing. |
