CALGARY, ALBERTA–(Marketwired – March 6, 2017) – Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSX VENTURE:SOG) advises that, effective today, the Company’s common shares will start trading on the basis of one (1) post-consolidation common share for twenty (20) pre-consolidation common shares. As a result of the consolidation, the Company has approximately 46.4 million common shares outstanding. The Company’s trading symbol will remain “SOG”. The shareholders approved the consolidation of the company’ shares by a special resolution at the Company’s annual general meeting on May 5, 2016.
Strategic believes that a stock consolidation could lead to increased interest in the Company by a wider range of potential investors, and would better position the Company to pursue acquisition and financing opportunities in the future. No fractional common shares shall be issued in connection with the consolidation and in the event that a holder of pre-consolidation common shares would otherwise be entitled to receive a fraction of a post-consolidation common share, such fractional interest shall be rounded up to the nearest whole number of post-consolidation common shares.
The Company also advises that its corporate presentation has been updated on our corporate website at www.sogoil.com.
Strategic is a junior oil and gas company committed to growth by exploiting its light oil assets in Canada. Strategic’s common shares trade on the TSX Venture Exchange under the symbol SOG.