Form D of The Day: Bnk Petroleum $2.70 million Financing. Wolf Regener Submitted Nov 10 SEC form

Oil And Gas Bnk Petroleum Inc. - Wolf Regener

Bnk Petroleum Financing

Bnk Petroleum Inc., Corporation just submitted form D because of $2.70 million equity financing. This is a new filing. Bnk Petroleum was able to finance itself with $2.70 million. That is 100.00% of the financing offer. The total offering amount was $2.70 million. The private financing document was filed on 2016-11-10. The reason for the financing was: All amounts above were calculated using the October 28, 2016 Bank of Canada noon rate for the conversion of U.S. dollars into Canadian dollars of CDN$1.00=US$0.7471..

Bnk Petroleum is based in California. The filler’s business is Oil and Gas. The D form was filed by Wolf Regener President & CEO. The company was incorporated more than five years ago. The filler’s address is: 760 Paseo Camarillo, Suite 350, Camarillo, Ca, California, 93010. Eric Brown is the related person in the form and it has address: 760 Paseo Camarillo, Suite 350, Camarillo, Ca, California, 93010. Link to Bnk Petroleum Filing: 000095014216004696.

Analysis of Bnk Petroleum Offering

On average, companies in the Oil and Gas sector, sell 13.77% of the total offering amount. Bnk Petroleum sold 100.00% of the offering. Could this mean that the trust in Bnk Petroleum is high? The average offering size for companies in the Oil and Gas industry is $227,000. The total amount raised is 1,087.79% bigger than the average for companies in the Oil and Gas sector. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Bnk Petroleum Also

The Form D signed by Wolf Regener might help Bnk Petroleum Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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