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| Home : Jericho Oil to Raise $5,660,377 in Equity Financing for Oklahoma Acquisition |
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Aug 03
2017 |
Jericho Oil to Raise $5,660,377 in Equity Financing for Oklahoma Acquisition |
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TULSA, OK, and VANCOUVER, BC--(Marketwired - August 02, 2017) - Jericho Oil Corporation ("Jericho") (TSX VENTURE: JCO) (OTC PINK: JROOF) announces that it plans to raise $5,660,377 through a non-brokered private placement (the "Offering") of 12,578,616 units ("Units") at a price of C$0.45 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. |
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| Source:http://www.marketwired.com/mw/release.do?id=2228737&sourceType=3 |
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