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VANCOUVER, BC--(Marketwired - April 05, 2016) - Jericho Oil Corporation ("Jericho") (TSX VENTURE: JCO) (OTC PINK: JROOF) is proceeding with a non-brokered private placement (the "Offering") of approximately 1,625,000 units at a price of C$0.40 per unit to raise total gross proceeds of approximately $650,000. Each unit will be comprised of one common share (a "Share") and one half warrant (a "Warrant") with each full Warrant being exercisable into one additional Share at a price of $0.60 per Share for a period of two years from closing. |
