October 22, 2014 3:37 AM ET

Real Estate Management and Development

Company Overview of Woodrose Corporation, Prior To Reverse Merger With Viking Energy (SC-6 Cadlao) Limited

Company Overview

As of February 18, 2014, Woodrose Corporation was acquired by Viking Energy (SC-6 Cadlao) Limited, in a reverse merger transaction. Woodrose Corporation does not have significant operations. Previously, it was engaged in the rental of land and buildings. The company was formerly known as Perfect Fry Corporation. Woodrose Corporation was founded in 1985 and is based in Calgary, Canada.

9th Avenue SE

Suite 204

Calgary, AB T2G 0R3

Canada

Founded in 1985

Key Executives for Woodrose Corporation, Prior To Reverse Merger With Viking Energy (SC-6 Cadlao) Limited

Woodrose Corporation, Prior To Reverse Merger With Viking Energy (SC-6 Cadlao) Limited does not have any Key Executives recorded.

Woodrose Corporation, Prior To Reverse Merger With Viking Energy (SC-6 Cadlao) Limited Key Developments

Woodrose Corporation Announces Completion of Debt Financing

Woodrose Corporation announced that it has completed its previously announced debt financing to raise gross proceeds of up $450,000 (the 'Debt Financing'). Pursuant to loan agreements (the 'Loan Agreements') entered into between the company and certain lenders (the "Lenders") each Lender has agreed to loan the Company up to $60,000, which may be drawn down in advances of $5,000. The loans bear interest at a rate of 8% per annum and mature on the earlier of: (a) the date the Company completes its previously announced transaction to acquire 100% of the outstanding shares of Viking Energy (SC-6 Cadlao) Limited (the "Proposed Transaction"); (b) the date the letter agreement or any definitive agreement in respect of the Proposed Transaction is terminated; and (c) June 30, 2014. Upon completion of the Proposed Transaction, any amounts outstanding under the Loan Agreements will automatically convert into common shares of the Company at a conversion price of $0.50 (post-consolidation) or such other price as the Company completes its previously announced concurrent financing. In the event the Proposed Transaction does not complete, the Company will have the right, at its sole option, to convert any amounts outstanding under the Loan Agreements into common shares of the Company at a conversion price equal to the minimum price permitted by the TSX Venture Exchange. The Company intends to use the proceeds of the Debt Financing for working capital and for costs related to the Proposed Transaction. All securities issued pursuant to the Debt Financing will be subject to a statutory hold period of four months and one day from the date of issuance.

Woodrose Corporation, Annual General Meeting, Jan 09, 2014

Woodrose Corporation, Annual General Meeting, Jan 09, 2014.

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