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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (30339)	6/6/2017 6:58:38 PM
From: Goose94	Read Replies (1) \| Respond to of 203951

Oyster Oil and Gas (OY-V) June 6, '17 Due to strong demand, Oyster Oil and Gas Ltd. has increased the size of its previously announced non-brokered private placement of units from aggregate gross proceeds of up to $1-million to up to $1.5-million. Pursuant to the Financing, the Company will issue an aggregate of up to 3,000,000 Units at a price of CDN$0.50 per Unit. Each Unit will consist of one common share of the Company (each, a "Common Share") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of CDN$0.55 for a period of two years from closing of the Financing. The securities issued in connection with the Financing will be subject to a statutory hold period in accordance with applicable securities legislation. The closing of the Financing is expected to occur by no later than July 13, 2017, and remains subject to certain closing conditions, including, but not limited to, the receipt of applicable regulatory approvals and the completion of required regulatory filings with the TSX Venture Exchange (the "TSXV"). The Company intends to use the net proceeds of the Financing for general corporate and working capital purposes. 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 100% working interest and is the operator of four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti; and holds a 100% working interest and is the operator of an onshore block located in northwest 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