|
CALGARY, ALBERTA--(Marketwired - Feb. 29, 2016) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) Strategic is pleased to announce the upsizing and closing of the private placement financing of 94,851 secured Convertible Notes (the "Notes") at a price of $1,000 per Note, for aggregate gross proceeds of $94,851,000 (the "Offering"). Insiders, including officers, employees and directors of the Company, subscribed for a significant portion of the Offering. The Company also received support from existing and new institutional investors. |
