News Release Otcpk: Ptrc (April 29th, 2013)
Houston, Texas; April 29, 2013 - Petro River Oil Corp, (the Company or Petro), (OTCPK: PTRC), previously known as Gravis Oil, today announced that it has (1) acquired control of Petro River Oil, LLC (Petro LLC), an emerging oil and gas producer which controls a substantial acreage position in the Southeast Kansas region of the Mississippi Lime formation, and (2) completed negotiations that set in motion a major recapitalization of the company's debt and outstanding warrants.
Second Omnibus Waiver and Modification Agreement (April 29th, 2013)
This Second Omnibus Waiver and Modification Agreement, made as of March 8, 2013 (the "Agreement"), is being entered into among Petro River Oil Corp. (formerly Gravis Oil Corp. which was formerly Megawest Energy Corp.), a corporation continued under the Business Corporations Act (Delaware) (the "Company"), and the subscribers executing this agreement as set forth on the signature pages hereto (collectively, the "Subscribers").
Third Omnibus Waiver and Modification Agreement (April 29th, 2013)
The terms of the Second Omnibus Waiver and Modification Agreement ("Second Omnibus Waiver") are hereby incorporated by reference to this Third Omnibus Waiver and Modification Agreement ("Third Omnibus Waiver") except for the following: