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CA



Stamper Oil & Gas Corp
Symbol STMP
Shares Issued 26,736,522
Close 2017-11-20 C$ 0.60
Market Cap C$ 16,041,913
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Stamper Oil closes $1.38-million private placement

2017-11-20 17:44 ET - News Release

Mr. David Greenway reports

STAMPER OIL & GAS CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT COMMON UNIT OFFERING

Stamper Oil & Gas Corp. has closed off its previously announced private placement offering raising gross proceeds of $1.38-million that will support expansion of the company's development plans. The private placement was oversubscribed, and directors and senior officers have subscribed for a total of 2.55 million units for $1.02-million of this placement.

Pursuant to the common unit offering, the company issued a total of 3.45 million units at a price of 40 cents per unit. Each common unit will consist of one common share in the capital of the company and one non-transformable common share purchase warrant.

Each warrant will entitle the holder to acquire one additional common share in the capital of the company at an exercise price of 50 cents per warrant share for a period of 36 months from the date of issuance.

In connection with the offering, the company paid a $24,400 cash finder's fee to certain arm's-length finders, equal to 8 per cent of the gross proceeds raised under the offering from purchasers introduced to the company by each finder. In addition, the company intends to issue 61,000 non-transferable warrants in the capital of the corporation equal to 8 per cent of the total number of common units sold under the offering. The finder's warrants will have same terms as outlined in the common unit offering.

All of the units, including the underlying securities thereof, and the finder warrants, including the underlying securities thereof, issued in connection with the offering will be subject to a four-month-and-one-day hold in accordance with Canadian securities laws.

Closing of the offering is subject to customary conditions, including the acceptance of the TSX Venture Exchange. The company intends to use the proceeds of the common unit offering for general corporate and administrative purposes.

David Greenway, Stamper's president and chief executive officer, stated, "We have received significant interest from investors as well as strong support from our shareholders, and with this oversubscribed financing we look forward to advancing the companies goals."

About Stamper Oil & Gas Corp.

Stamper Oil & Gas is an independent international oil and gas company, engaged in the acquisition, exploration and development of conventional oil and natural gas properties. The company plans to identify and build out a portfolio of high-impact oil and gas prospects, with a focus on Latin America. Stamper is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.

We seek Safe Harbor.

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