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Saturn Oil & Gas Inc. Closes First Tranche of Non-Brokered Private Placement
Calgary, Alberta--(Newsfile Corp. - May 28, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FS...
About this update from Saturn Oil & Gas Inc.
[{"type":"text","content":"Saturn Oil & Gas Inc. Closes First Tranche of Non-Brokered Private PlacementCalgary, Alberta--(Newsfile Corp. - May 28, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) (\"Saturn\" or the \"Company\") is pleased to announce that, further to the Company's press releases dated May 13, 2021 and May 17, 2021, it has closed the first tranche (the \"First Tranche Closing\") of its non-brokered private placement by selling 64,583,334 special warrants for total proceeds of $7,750,000.A portion of the proceeds of the First Tranche Closing have been used to fund the deposit with the vendor on the previously announced acquisition of oil and gas assets in the Oxbow-area of South-East Saskatchewan.The Company anticipates closing of the balance of the previously announced brokered and non-brokered offerings on or before June 4, 2021.About Saturn Oil & Gas Inc.Saturn Oil & Gas Inc. is a public energy company focused on the acquisition and development of undervalued, low-risk assets. Saturn is driven to build a strong portfolio of cash flowing assets with strategic land positions. De-risked assets and calculated execution will allow Saturn to achieve growth in reserves and production through retained earnings. Saturn's portfolio will become its key to growth and provide long-term stability to shareholders.Investor & Media Contact:Saturn Oil & GasJohn Jeffrey, MBA - Chief Executive Officer & ChairmanTel: +1 (587) 392-7902www.saturnoil.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Reader AdvisoryThis press release is not an offer of the securities for sale in the United States. The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale wou...