Stamper Oil & Gas Corp (TSX-V:STMP)
Shares Issued 59,099,022
Last Close 5/11/2021 $0.03
Wednesday May 12 2021 - News Release
Mr. Bryson Goodwin reports
STAMPER OIL & GAS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Stamper Oil & Gas Corp. intends to raise up to $750,000 by way of a non-brokered private placement of up to a maximum of 25 million common shares at a price of three cents per unit.
Each unit will consist of one common share of the company and one transferrable share purchase warrant. Each warrant will entitle the hold to acquire one additional common share at an exercise price of five cents for a period of 36 months from the closing date, subject to accelerated expiry.
All securities issued in the financing will be subject to a statutory hold period expiring four months and one day after the closing of the financing. Completion of the financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange. The company may, in its sole discretion, pay a finder's fee within TSX Venture Exchange policy guidelines in connection with the private placement.
The company intends to use the proceeds for general working capital purposes.
About Stamper Oil & Gas Corp.
Stamper Oil & Gas is resource company seeking to acquire interests in mineral and/or oil and gas resource properties. The company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.
We seek Safe Harbor.