TULSA, OK, and VANCOUVER, BC--(Marketwired - August 23, 2017) - Jericho Oil Corporation ("Jericho") (TSX VENTURE: JCO) (OTC PINK: JROOF) announces that it intends to raise approximately C$10 Million through a non-brokered private placement (the "Offering") of approximately 20,833,333 units ("Units") at a price of C$0.48 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. |