Jericho Oil Receives C$500K From Warrant Exercise
April 12 2018 - 11:38AM
Jericho Oil Corporation (“Jericho”) (TSX-V:JCO) (OTC PINK:JROOF)
announces that all outstanding common share purchase warrants (the
"Warrants") expiring on April 13, 2018 have been exercised. A total
of 827,900 warrants were exercised at $0.60 per share for proceeds
to the Company of $496,740.
About Jericho Oil Corporation Jericho Oil
(www.jerichooil.com) is focused on domestic, liquids-rich
unconventional resource plays, located primarily in the Anadarko
basin STACK play of Oklahoma. Jericho’s primary business
objective is driving long-term shareholder value through the growth
of oil and gas production, cash flow and reserves. Jericho
has assembled a 55,000 net acre position across Oklahoma, including
an interest in 14,000 net acres in the STACK play.
Jericho’s current operations are focused on the oil-prone
Meramec and Osage formations in the STACK. The Jericho team
applies advanced engineering analyses and enhanced geological
techniques to under-developed resource areas.
Based in Vancouver, British Columbia, with operational
headquarters in Tulsa, Oklahoma, Jericho trades publicly on the
TSX-Venture (TSX-V:JCO) and OTC (OTC PINK:JROOF).
Cautionary Note Regarding Forward-Looking Statements: This news
release includes certain "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and Canadian securities laws. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual events
and results to differ materially from Jericho's expectations
include risks related to the exploration stage of Jericho's
project; market fluctuations in prices for securities of
exploration stage companies; and uncertainties about the
availability of additional financing.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
CONTACTS:
Tony Blancato, Director, Investor Relations918.986.7616
or
Adam Rabiner, Director, Corporate
Communications1.800.750.3520investorrelations@jerichooil.com
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