By Laura Lutz
Washington, Jan. 25 - Strategic Oil & Gas Ltd. settled a private placement of units for C$2.838 million.
The company sold, subject to regulatory approval, 2.838 million units of one share and one warrant at C$1.00 per unit. Each warrant is exercisable at C$1.25 for one year.
This deal follows a private placement for C$1,872,750 that the company settled in December.
Proceeds will be used to fund the company's 2007 drilling program.
Vancouver, B.C.-based Strategic is an oil and natural gas exploration company.
| Issuer: | Strategic Oil & Gas Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2.838 million
|
| Units: | 2.838 million
|
| Price: | C$1.00
|
| Warrants: | One per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.25
|
| Settlement date: | Jan. 25
|
| Stock symbol: | TSX Venture: SOG
|
| Stock price: | C$0.96 at close Jan. 25
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
