Fully subscribed deal offers 150,000 common shares at $0.20 per share
By Devika Patel
Knoxville, Tenn., Sept. 24 – Midwest Oil and Gas Inc. completed a $30,000 fully subscribed private placement of stock on Sept. 24, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 150,000 common shares at $0.20 apiece. The price per share is a 233.33% premium to the closing share price on Sept. 23, $0.06.
The oil and gas exploration company is based in Independence, Kan.
| Issuer: | Midwest Oil and Gas Inc.
|
| Issue: | Common stock
|
| Amount: | $30,000
|
| Shares: | 150,000
|
| Price: | $0.20
|
| Warrants: | No
|
| Settlement date: | Sept. 24
|
| Stock symbol: | OTCBB: MWOG
|
| Stock price: | $0.06 at close Sept. 23
|
| Market capitalization: | $2.91 million
|
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