11:31 AM EST - Jericho Oil Corporation : Is proceeding with a non-brokered private placement of approximately 17,323,610 units at a price of $0.40 per unit to raise total gross proceeds of approximately $6.929 million. Each unit will be comprised of one common share and one half warrant with each full Warrant being exercisable into one additional Share at a price of $0.60 per Share for a period of two years from closing. Jericho Oil Corporation
shares V.JCO are trading down $0.06 at $0.39.
