Business News • MarketWire • GMT Capital Acquires Additional Securities of Strategic Oil & Gas Ltd. |
GMT Capital Acquires Additional Securities of Strategic Oil & Gas Ltd. |
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GMT Capital Acquires Additional Securities of Strategic Oil & Gas Ltd.
ATLANTA, GEORGIA--(Marketwired - Jan. 17, 2017) - Pursuant to the early warning requirements of applicable securities laws, GMT Capital Corp. ("GMT") announces that on December 22, 2016 certain of its hedge fund and private client managed accounts and certain other joint actors (collectively, the "Acquirors") acquired from Strategic Oil & Gas Ltd. ("SOG") an aggregate of 220,833,750 common shares ("Common Shares") of SOG, representing approximately 25.27% of the issued and outstanding Common Shares, at a price of $0.12 per Common Share or $26,500,050 in the aggregate. As a result of such acquisition, the Acquirors now hold an aggregate of 533,539,850 Common Shares representing approximately 61.05% of the issued and outstanding Common Shares.
View More : http://www.marketwired.com/mw/release.do?id=2189100&sourceType=3
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