Strategic Oil & Gas closed its private placement, led by Paradigm Capital, of 47.9 million shares, including 6.4 million shares per the exercise of the overallotment option, for $0.12 each for gross proceeds of $5.75 million. Strategic had 927.5 million share outstanding at the time of the placement. The net proceeds will be primarily used for development of Strategic’s Alberta assets, general corporate and working capital purposes. The issued common shares will be subject......
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