Key Developments: Strategic Oil and Gas Ltd (SOG.V)

SOG.V on TSX Venture Exchange

0.47CAD
23 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Strategic Oil & Gas Ltd completes second closing of private placements
Monday, 31 Mar 2014 11:09am EDT 

Strategic Oil & Gas Ltd:Completes second closing of private placements.Issued total of 100,000,000 common shares at price of $0.50 per common share, for aggregate gross proceeds of $50,000,000.Insiders, including officers, employees and directors of company, subscribed for significant portion of Private Placements.  Full Article

Strategic Oil & Gas Ltd announces first closing of private placements
Monday, 24 Mar 2014 06:43pm EDT 

Strategic Oil & Gas Ltd:Says that it has completed first closing of previously announced private placements.Pursuant to private placements, the company has issued 82,582,800 common shares at a price of $0.50 per common share, for aggregate gross proceeds of C$41,291,400.Securities issued pursuant to this portion of private placement are subject to trading restrictions to July 25.  Full Article

Strategic Oil & Gas Ltd announces amendment to private placement terms
Wednesday, 19 Mar 2014 04:07pm EDT 

Strategic Oil & Gas Ltd:Reduces the subscription price in respect of previously announced Private Placements, from $0.54 to $0.50 per common share.Aggregate gross proceeds from the Private Placements remain unchanged to $50,000,000.  Full Article

Strategic Oil and Gas Ltd announces financing
Wednesday, 12 Mar 2014 12:57pm EDT 

Strategic Oil and Gas Ltd:Says two private placements for $50 mln.Enters into agreement with a syndicate of agents co-led by Macquarie Capital Markets Canada Ltd. and Dundee Securities Ltd, and including Raymond James Ltd, National Bank Financial Inc, CIBC World Markets Inc, Paradigm Capital Inc, GMP Securities LP, Primary Capital Inc and PI Financial Corp.with respect to a private placement, on a reasonable commercial efforts basis, of up to 92,600,000 common shares of the company at a subscription price of $0.54 per common share for gross proceeds of up to about $50 mln.Certain insiders of Strategic are anticipated to subscribe for a portion of the $50 million on a non-brokered basis.Proceeds of the Brokered Offering shall be reduced by the gross proceeds of the Non-Brokered Offering, such that the aggregate proceeds of the Private Placements is up to about $50 mln.  Full Article

Strategic Oil and Gas Ltd gives FY 2014 production outlook
Friday, 17 Jan 2014 05:00am EST 

Strategic Oil and Gas Ltd:Sees FY 2014 annual average production volumes are expected to be 4,400-4600 Boed (70 pct oil).  Full Article

Strategic Oil and Gas Ltd Closes $30,820,125 Bought Deal Equity Financing
Monday, 7 Oct 2013 09:48am EDT 

Strategic Oil & Gas Ltd announced that it has completed its previously announced bought deal financing. Pursuant to the Offering, the Company has issued 12,650,000 common shares at a price of $0.95 per Common Share and 15,454,545 common shares issued on a 'flow-through' basis pursuant to the Income Tax Act (Canada) at a price of $1.10 per Flow-Through Share, for aggregate gross proceeds of $29,017,500. In addition, the underwriters have exercised the over-allotment option in full purchasing an additional 1,897,500 Common Shares at a price of $0.95 per Common Share for additional gross proceeds of $1,802,625. The net proceeds of approximately $48,400,000 from both the Offering and the recent private placement have been used to pay down debt and then will be used to pay for the Company's increased 2013 drilling program and partially fund the 2014 capital budget. The syndicate of underwriters was co-led by Raymond James Ltd. and Macquarie Capital Markets Ltd. and included Dundee Securities Ltd., FirstEnergy Capital Corp., National Bank Financial Inc., Paradigm Capital Inc. and PI Financial Corp.  Full Article

Strategic Oil and Gas Ltd Announces Closing of Private Placement
Thursday, 26 Sep 2013 01:23pm EDT 

Strategic Oil and Gas Ltd announced that its previously announced non brokered private placement of 20,195,000 common shares of Strategic at a price of $0.95 per common share for proceeds of $19,185,250 (the Private Placement) has closed. The net proceeds from the Private Placement and the previously announced bought deal financing will initially be used to pay down bank indebtedness and then to fund the Company's increase in its 2013 drilling program, to partially fund its 2014 capital program and for general corporate purposes. The shares issued under the Private Placement will be subject to a 4 month hold period expiring on January 27, 2014.  Full Article

Strategic Oil and Gas Ltd Reaffirms FY 2013 Production Guidance
Wednesday, 29 May 2013 04:54pm EDT 

Strategic Oil and Gas Ltd announced that for fiscal 2013, it expects average production of 4,000 Boed.  Full Article

Strategic Oil and Gas Ltd Announces Board Changes
Monday, 13 May 2013 01:40pm EDT 

Strategic Oil and Gas Ltd announced that the following changes were made to its Board Of Directors as a result of last week's annual meeting. Thomas Claugus was named Chairman of the board. He is the President and majority shareholder of GMT Capital Corp. which he founded in 1990. He currently sits on the board of several other companies including Paramount Resources Corp.  Full Article

Strategic Oil and Gas Ltd Closes Financing
Wednesday, 20 Mar 2013 05:00am EDT 

Strategic Oil and Gas Ltd announced that the previously announced non-brokered private placement of 12.0 million common shares at a price of $1.25 per common share for gross proceeds of $15.0 million has been increased. The Company has issued 23.2 million common shares at a price of $1.25 per common share for gross proceeds of $29.0 million or net proceeds of $28.3 million after deducting related costs. The net proceeds will be used in part to fund the recent acquisition from Paramount Resources Ltd., previously announced on March 4, 2013, and to enhance Strategic's financial flexibility during the remainder of 2013.  Full Article

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