Xtreme Oil & Gas Announces New Funding to Fuel Growth

Xtreme Oil & Gas, Inc. (OTC:XTOG) entered into subscription agreements to sell convertible securities for aggregate gross proceeds of $1,825,000.

The press release is quoted as saying:

Details of the offering may be viewed in the company’s recent Form-8K filing with the SEC. Du Pasquier & Co. acted as placement agent for the offering.

The CEO of Xtreme Oil & Gas, Willard G. McAndrew III, says,

“By signing du Pasquier & Co. as our investment bankers and attracting institutional investors, Xtreme has taken the next step in its growth and business model. These investments provide us the capital we intend to use to advance production in Texas, drill in Kansas and expand saltwater well capacity in Oklahoma.”

Click here to access the entire press release