Strategic Oil and Gas Makes Equity Offering to Fund Drilling
Strategic Oil & Gas Ltd. has appointed Paradigm Capital Inc. to sell, by way of a private placement on a best efforts basis, common shares of the Company at a price of $0.12 per Common Share for gross proceeds of up to $5,000,000.
The Agent has been granted the option to sell up to an additional 15% of the number of Common Shares issuable in the Offering, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering.
The net proceeds of the Offering will be primarily used for development of the Company's Alberta assets, general corporate and working capital purposes.
Announced Date
January 11,2017
Value ( $MM )
5
Type
Equity-Stock-Sales
Use of Fund
General Purpose
Company
Strategic Oil & Gas Ltd.
Financier/Sponsor
Paradigm Capital Inc.
Regions
Canada
Country
Canada
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| 2017-06-07 | Delphi Taps Equity Market for $65 Million | Delphi Energy Corp. | 65.3 | Equity-Stock-Sales |