09:49 AM EST - Strategic Oil & Gas Ltd. : announced that it has closed the first tranche of its previously announced financing for total gross proceeds of $65.8 million. At closing, Strategic issued 163,926,091 common shares in the Company, comprised of 158,085,000 Common Shares and 5,841,091 Common Shares issued on a flow-through basis pursuant to the Income Tax Act (Canada). The Common Shares are being offered at a price of $0.40 per Common Share and the Flow-Through Shares are being offered at a price of $0.44 per Flow-Through Share. The Company anticipates closing of the final tranche of the Private Placement to occur on or about October 15. Strategic Oil & Gas Ltd.
shares V.SOG are trading unchanged at $0.43.
