Stanford Oil & Gas (SOG was STB) Message Board

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Gold/Mining/Energy : Stanford Oil & Gas (SOG was STB)

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To: Bearcatbob who wrote (186)	11/30/1998 8:38:00 PM
From: Flea	of 196

Special warrant financing Stanford Oil & Gas Ltd SOG Shares issued 12,982,959 Nov 30 close $1.86 Mon 30 Nov 98 News Release Mr. Nick DeMare reports A financing of 506,000 special warrants at $1.58 has been arranged. Each special warrant is convertible, without further compensation, into a unit comprising one share and one warrant, exercisable at $1.58 in the first year and $1.82 in the second year. In conjunction with this financing, the company has agreed to issue to its fiscal agent, warrants to purchase 80,000 shares for two years at $1.58 in the first year and $1.82 in the second year. The funds from these financings will be used for the company's continuing oil and gas exploration and development programs and general working capital. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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