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STAMPER ANNOUNCES PROPOSED BROKERED PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS OF BISP EXPLORATION INC.
STAMPER ANNOUNCES PROPOSED BROKERED PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS OF BISP EXPLORATIO...
About this update from Stamper Oil & Gas Corp
[{"type":"text","content":"\n\n\n\n STAMPER ANNOUNCES PROPOSED BROKERED PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS OF BISP EXPLORATION INC.\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 5, 2025\n \n\n /CNW/ -\n \n Stamper Oil & Gas Corp.\n \n (\"\n \n Stamper\n \n \" or the \"\n \n Company\n \n \") (TSXV: STMP) is pleased to announce that further to the Company's press release dated\n \n May 14, 2025\n \n announcing the entering into of an acquisition agreement dated\n \n May 12, 2025\n \n with BISP Exploration Inc. (\"\n \n BISP\n \n \") pursuant to which the Company will acquire all of the issued and outstanding common shares of BISP (the \"\n \n Transaction\n \n \"), BISP will undertake a \"best efforts\" brokered private placement of subscription receipts (the \"\n \n Financing\n \n \").\n \n\n\n\n\n\n\n\n\n In connection with the Transaction, BISP has engaged Ventum Financial Corp. (the \"\n \n Lead Agent\n \n \") to act as lead agent and sole bookrunner (on its own behalf and on behalf of a syndicate of agents which may be formed, and collectively with the Lead Agent, the \"\n \n Agents\n \n \") in connection with the Financing of up to 80,000,000 subscription receipts (the \"\n \n Subscription Receipts\n \n \") at a price of\n \n $0.20\n \n per Subscription Receipt (the \"\n \n Offering Price\n \n \") to raise gross proceeds of up to\n \n $16 million\n \n (the \"\n \n Escrowed Funds\n \n \"), which will be held in escrow by Endeavor Trust Corporation (the \"\n \n Subscription Receipt Agent\n \n \"). BISP has granted to the Agents an over-allotment option, exercisable at any time prior to the Closing Date (as defined below), to offer up to an additional 15% of the Subscription Receipts at the Offering Price. The Subscription Receipts will be issue...