Mr. Bryson Goodwin reports
STAMPER ANNOUNCES
NON-BROKERED PRIVATE PLACEMENT
Stamper Oil & Gas Corp. has arranged a non-brokered private placement of up to 13,333,333 units of the company at a price of 7.5 cents per unit for aggregate gross proceeds of up to $1-million. The units will be issued on a postconsolidated basis. Please refer to the company's news release dated Nov. 6, 2024, regarding the terms of the company's consolidation.
Each unit will be composed of one common share in the capital of the company and one share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of 10 cents per warrant share for a period of 36 months from the closing date of the offering. The warrants to be issued under the offering shall contain an accelerated expiry clause. Pursuant to the acceleration clause, if the shares of the company close at or above 50 cents for 10 consecutive trading days on the TSX Venture Exchange, then the company may accelerate the expiry date of the warrants by issuing a news release announcing the accelerated warrant term, pursuant to which the warrants will expire on the 30th calendar day after the date of such news release.
The company intends to use the net proceeds for general working capital purposes. Closing of the offering is expected to occur as soon as practicable, and may occur in one or more tranches.
The company may pay a finder's fee in connection with the offering to eligible arm's-length finders in accordance with the policies of the TSX-V. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. Closing of the offering and the issuance of the units are subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including, but not limited to, the approval of the TSX-V. The offering is not subject to a minimum amount of subscriptions.
About Stamper Oil & Gas Corp.
Stamper is an energy-commodity-focused resource company, seeking to acquire interests in mineral and/or oil and gas resource properties focused on energy creation, storage or delivery. The company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.
We seek Safe Harbor.
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