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VANCOUVER, BC--(Marketwired - November 24, 2016) - Jericho Oil Corporation ("Jericho") (TSX VENTURE: JCO) (OTC PINK: JROOF) announces that it has raised C$3,924,405 by way of a non-brokered private placement (the "Offering") of 9,811,014 units ("Units") at a price of C$0.40 per Unit. Each Unit is 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 36 months from closing. |
