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Home : Jericho Oil to Raise $10 Million in Equity Financing for Oklahoma STACK Acquisition
Aug 24
2017

Jericho Oil to Raise $10 Million in Equity Financing for Oklahoma STACK Acquisition

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.
Source:http://www.marketwired.com/mw/release.do?id=2231290&sourceType=3
 
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