09:49 AM EST - Strategic Oil & Gas Ltd. : Has closed its recently announced non-brokered private placement. The Company issued a total of 337 million common shares at a price of $0.12 per common share for gross proceeds of $40.4 million. Shares issued are subject to a hold period expiring April 24, 2016. Proceeds from the Private Placement will be applied to the execution of the Company's $30 million capital program for the first half of 2017. Strategic Oil & Gas Ltd.
shares V.SOG are trading up $0.005 at $0.12.
