Saturn Oil & Gas Inc. Closes Brokered and Non-Brokered Private Placement
Calgary, Alberta--(Newsfile Corp. - June 4, 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, May 17, 2021 and May 28, 2021, it has closed the brokered and non brokered private placements for total proceeds of $32.8 million. "With the closing of these financings, Saturn is one step closer to concluding our transformational acquisition of high-quality, light oil assets in...
2021-06-04 4:11 PM EDT
Saturn Oil & Gas Inc. Announces Appointment of Chief Financial Officer and Proposed Share Consolidation
Calgary, Alberta--(Newsfile Corp. - June 2, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce the appointment of Mr. Scott Sanborn as Chief Financial Officer ("CFO"), effective June 1, 2021, along with a proposed consolidation (the "Share Consolidation") of Saturn's outstanding common shares (the "Common Shares") on an up to 20:1 basis (the "Consolidation Ratio") as may be determined by the board of directors of the Company (the "Board")...
2021-06-02 12:26 PM EDT
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) (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...
2021-05-28 9:00 AM EDT
Saturn Oil & Gas Inc. Announces Increase to Previously Announced Financings to $32.2 Million
Calgary, Alberta--(Newsfile Corp. - May 21, 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, Echelon Wealth Partners Inc. as lead agent in the Brokered Private Placement, has exercised its option (the "Agent's Option") to offer an additional 15% of the Subscription Receipts issued under the previously announced Brokered Private Placement. In addition, the...
2021-05-21 5:55 PM EDT
Saturn Oil & Gas Inc. Announces Amendment to Previously Announced Financing
Calgary, Alberta--(Newsfile Corp. - May 17, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce that, further to the Company's press release dated May 13, 2021, the Company and Echelon Wealth Partners Inc. (the "Agent") have agreed to amend the previously announced best-efforts agency private placement (the "Brokered Private Placement"). The Brokered Private Placement will now be for gross proceeds of up to $12,000,000 through the sale of...
2021-05-17 9:01 AM EDT
Saturn Oil & Gas Inc. Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan
Calgary, Alberta--(Newsfile Corp. - May 13, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce that it has entered into an arms-length definitive agreement to acquire assets in the Oxbow area of Southeast Saskatchewan (the "Oxbow Assets" or the "Acquisition") for approximately
2021-05-13 4:33 PM EDT