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Home Commodities

Advantagewon Oil Corp. (OTCQB: ANTGF) (CSE: AOC) Close $741,600.00 CDN First Tranche of its Non-Brokered Common Share Private Placement Raise, Receives $465,000.00 CDN From Exercised Stock Options

by admin
March 7, 2018
in Commodities, Sponsored
0
ANTGF AOC Non-Brokered Private Placement Options Exercise News

ANTGF AOC Non-Brokered Private Placement Options Exercise News

Toronto, Ontario, March 5th, 2018 Advantagewon Oil Corp., (CSE: AOC), (OTCQB: ANTGF), (the Corporation, Advantagewon, AOC) announced today that it had closed the first tranche of its non- brokered private placement raise where Seven Hundred and Forty-One Thousand, Six Hundred Dollars ($741,600.00) CDN was raised by issuing Four Million, Nine Hundred and Forty-Three Thousand, Nine Hundred and Ninety-Nine (4,943,999) Common Shares at a price of Fifteen Cents ($0.15) CDN per Common Share. All common shares issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws. No finders fees or commissions were paid in connection with the closing of this private placement offering. Proceeds of the placement will be used for both acquisitions and for working capital purposes.

The Corporation also announced today that certain consultants to the Corporation have exercised Four Million, Six Hundred and Fifty Thousand (4,650,000) stock options for gross proceeds received by the Corporation of Four Hundred and Sixty-Five Thousand Dollars ($465,000.00) CDN.

The Corporation also entered into a shares for debt settlement pursuant to which Advantagewon issued Nine Hundred and Thirty-Eight Thousand, Eight Hundred and Twenty-Three (938,823) common shares at a deemed price of Fifteen Cents ($0.15) CDN per share to settle Sixty-Two Thousand, Five Hundred and Eighty-Eight ($62,588.00 CDN) in debt owed to one creditor.

About Advantagewon Oil Corp.

Advantagewon is focused on building consistent cash flow from low cost, low risk oil wells in the State of Texas. AOC applies specialized expertise in oil pool development by development drilling, pressure restoration and maintenance using water and chemical injection to increase oil recovery from 10-15% to up to 75% for each pool.. Once the enhanced recovery strategy is successfully applied, AOC will repeat the process throughout the oil pool to maximize output and minimize cost and risk. Advantagewons common shares are listed on the OTC Markets in the United States and on the Canadian Securities Exchange (CSE) in Canada. Advantagewon is a member of the CSE Composite Index (CSE:AOC). For more information please visit www.aoc-oil.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer:

Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.

All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated eight hundred dollars cash and one thousand dollars worth of restricted stock for the creation and dissemination of this content.

This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.

The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings.  Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.

Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com//disclosures/

Tags: ANTGFAOCCanadacommoditiescommon stockCSEemerging growthenergyinvestmentmicrocap stocksoiloil priceoil productionoil stocksOTCQBprivate placementpublic companysalessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth StocksTexasWTI crude oil
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