Saturn Oil + Gas Inc. (“Saturn” or the “Company”) (TSX.V: SMI) (FSE: SMK) is pleased to announce that it has acquired a section of land near Flaxcombe, Saskatchewan from a Freehold land owner.
As quoted in the press release:
This acquisition brings Saturn’s total land package in the Flaxcombe area to five sections with working interest.
Additionally, the Company is pleased to announce that further to the Company’s news release dated June 30, 2017, the TSX Venture Exchange has approved the private placement for 12,951,944 units at a price of $0.08 per unit (the “Unit”). Each Unit consists of one common share (the “Shares”) and one-half share purchase warrants (the “Warrants”). Each whole Warrant will entitle the holder to purchase one additional common share, exercisable at a price of $0.15 per share for a period of 18 months from the date of issue of the Warrant.