04:04 PM EST - Strategic Oil & Gas Ltd. : said it signed an arm's length agreement to acquire all the shares of a private company whose sole asset is a farm-in interest in oil and gas exploration permits off-shore of Gabon. According to the agreement between Strategic and Greenfields Petroleum International Company Ltd. and African Petroleum Development Ltd., Strategic will issue 25 million common shares in the capital of the company at a deemed price of $0.46 per share in exchange for all of the issued and outstanding shares of Gabon Kiarsseny Marin Ltd. Strategic Oil & Gas Ltd.
shares V.SOG are trading unchanged at $0.57.
