Strategic Oil & Gas Ltd. Announces First Closing of Private Placements
CALGARY, ALBERTA--(Marketwired - March 24, 2014) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that the Company has completed the first closing of its previously announced Private Placements. Pursuant to the Private Placements, the Company has issued 82,582,800 common shares (the "Common Shares") at a price of $0.50 per Common Share, for aggregate gross proceeds of $41,291,400. The securities issued pursuant to this portion of the private placement are subject to trading restrictions to July 25, 2014.
Additional information is also available at www.sogoil.com and at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
(March 24, 2014 - 6:43 PM EDT)
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