Petro One reports that KMDC Resources, a subsidiary of Korea Myanmar Development Company, has forfeited 2,600,000 shares and 2,600,000 warrants to the Company pursuant to the arrangement described in the Company's November 3, 2014 news release. The shares and warrants were issued to Resources on October 7, 2014 for $650,000, which the Company will now retain for its general working capital purposes. KMDC and
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