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To: Goose94 who wrote (19569)8/10/2016 11:04:13 AM
From: Goose94Respond to of 203950
 
OY-V new 52 week high, 35 cents light volume 12,500 shs traded.



To: Goose94 who wrote (19569)1/16/2017 10:37:22 AM
From: Goose94Read Replies (2) | Respond to of 203950
 
Oyster Oil and Gas (OY-V) Jan 16, '17 announces that it it intends to complete a private placement for gross proceeds of $400,000, which is expected to consist of units with each unit comprised of one common share and one common share purchase warrant at a price of $0.20 per unit, or such other price per unit determined by Oyster management in compliance with TSX Venture Exchange pricing regulations. Each share purchase warrant will be exercisable to acquire one common share of the Company at a price of $0.27 per share for a period of twelve months following the closing of the Financing. The Financing may be brokered or non-brokered and commissions and/or finder's fees in cash or securities may be payable in connection with the Financing subject to compliance with Exchange policies. Proceeds from the Financing are expected to be used for ongoing working capital requirements.

Completion of the Financing is subject to Exchange acceptance, and all securities issued pursuant to the Financing will be subject to a hold period as required under applicable securities legislation.

About Oyster Oil and Gas Ltd.

Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the Government of Djibouti and the Government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti; and holds a working interest in an onshore block in Madagascar covering approximately 2.8 million acres.

For further information please contact:

Emily Davis, Corporate Secretary
Tel: (604) 628-5616
Fax: (604) 662-7950

oysteroil.com