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Filing Details

Accession Number:: 0001683168-22-002297
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-04-01 19:40:19
Reporting Period:: 2022-03-30

Accepted Time:: 2022-04-01 19:40:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1162896	Creek Road Miners Inc.	CRKR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1113835	L. Paul Kessler	555 Marin Street, Suite 140 Thousand Oaks CA 91360	Chairman Of Board	No	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-03-30	11,000	$0.18	2,668,725	No	4	C	Indirect	See footnote
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-03-31	7,000	$0.18	2,675,725	No	4	C	Indirect	See footnote
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-03-31	7,000	$2.71	2,668,725	No	4	S	Indirect	See footnote
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-03-31	11,000	$2.63	2,657,725	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnote
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Warrant	$0.18	2016-12-02	2024-12-02	10,000,000	10,000,000	Indirect
Common Stock	Convertible debenture	$0.18	2016-12-02	2022-12-31	14,267,714	14,267,714	Indirect
Common Stock	Options	$0.25			15,000	15,000	Indirect
Common Stock	Series A Convertible preferred stock	$0.18	2020-08-03		4,535,714	5,821,429	Direct
Common Stock	Options	$2.65			2,625,000	2,625,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2024-12-02	10,000,000	10,000,000	Indirect
2022-12-31	14,267,714	14,267,714	Indirect
	15,000	15,000	Indirect
	4,535,714	5,821,429	Direct
	2,625,000	2,625,000	Direct

Footnotes

Shares held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") managed by Bristol Capital Advisors, LLC, a Delaware LLC, Bristol Capital, LLC, a Delaware LLC ("BC"), Paul Kessler IRA Rollover ("PK IRA"), and Bristol Capital Advisors Profit Sharing Plan ("BCA PSP"). Mr. Kessler has voting and dispositive power over the shares beneficially owned by these holders.
The total includes: (i) 2,589,990 shares owned by BIF, (ii) 24,450 shares owned by BC, (iii) 3,935 shares owned by PK IR, and (iv) 39,350 shares owned by BCA PSP. Numbers reflect the 1-for-20 reverse stock split effectuated by the Issuer on February 27, 2020. (the "Split").
In December 2016, BIF purchased from Issuer a $2,500,000 convertible debenture ("Debenture") and warrant to purchase 16,666,667 shares of common stock ("Warrant"). In December 2019, Debenture's maturity date was extended to December 2021, Warrant's expiration date was extended to December 2024, conversion price and exercise price were adjusted to $0.125, and number of Warrant shares became 20,000,000. BIF transferred 6,000,000 Warrant shares to another investor in December 2019 and retained 14,000,000 Warrant shares. Following the Split in February 2020 and subsequent repricing of Debenture and Warrant, conversion price and exercise price became $0.175, number of shares underlying Debenture became 14,285,714 and number of shares underlying Warrant became 10,000,000. In May 2020, Debenture's maturity date was extended to December 2022. In March 2022, BIF converted $3,150 of principal into 18,000 shares which were sold on 3/31/22.
Stock options for 300,000 shares issued to BC pursuant to stock award plans, with an exercise price of $0.25, expiring on December 29, 2021 as disclosed in the Issuer's 10K report. Following the 1-for-20 reverse stock split, the stock options are for 15,000 shares.
110,625 Series A Preferred Shares issued to Paul Kessler as payment of outstanding debt owed to Mr. Kessler, of which 101,875 shares remain outstanding. These Series A shares have a stated value of $10 per share and are convertible into common stock at a price per share of $0.175
The Issuer has also granted options for 2,625,000 shares to Paul Kessler pursuant to its Stock Incentive and Award Plans, as amended with an exercise price of $2.65.