Fully subscribed deal offers 175,000 common shares at $0.20 per share
By Devika Patel
Knoxville, Tenn., March 2 – Midwest Oil and Gas Inc. completed $35,000 fully subscribed private placement of stock on Dec. 16, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 175,000 common shares at $0.20 apiece. The price per share is a 233.33% premium to the closing share price on Sept. 10, $0.06.
The oil and gas exploration company is based in Independence, Kan.
| Issuer: | Midwest Oil and Gas Inc.
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| Issue: | Common stock
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| Amount: | $35,000
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| Shares: | 175,000
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| Price: | $0.20
|
| Warrants: | No
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| Settlement date: | Dec. 16
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| Stock symbol: | OTCBB: MWOG
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| Stock price: | $0.06 at close Dec. 15
|
| Market capitalization: | $2.44 million
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