Strategic Oil & Gas Ltd.
TSX VENTURE : SOG

January 30, 2008 12:37 ET

Strategic Oil & Gas Ltd.: Interim Private Placement Results Announced

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2008) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) wishes to provide an update on its current private placement.

Further to the Company's January 15, 2008 press release, a total of 2,015,000 shares ($1,007,500) have been issued on a flow through basis, and 3,495,000 units ($1,398,000) have been issued to date. The Company has paid commissions totalling $182,950 in respect to this private placement. Shares issued pursuant to these initial closings are subject to trading restrictions as follows: First Closing: April 21, 2008; Second Closing: April 28, 2008; Third Closing: May 4, 2008; Fourth Closing: May 9, 2008 and Fifth Closing: May 23, 2008. The Company anticipates additional closings in respect to the previously announced $2,000,000 increase in the size of the private placement.

Certain information regarding the Company contained herein may constitute forward looking statements. Forward looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward looking statements. The Company's forward looking statements are expressly qualified in their entirety by this cautionary statement.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information

  • Strategic Oil & Gas Ltd.
    Arn Schoch
    President
    (604) 685-1349 or Cell: (604) 780-9810
    Email: arn@helix.net