SAMSON OIL & GAS ANNOUNCES $1.4 MILLION PLACEMENT
Denver 1800 hours April 12th, 2016, Perth 0800 hours April 13th, 2016
Samson Oil and Gas Limited has agreed to place 1,890,102 million ADSs, representing 378,020,400 ordinary shares in a Registered Direct Offering to several institutional investors in the United States at US$0.74 per ADS (A$0.00485 per ordinary share) for gross proceeds of $1.4 million. The offering is expected to close and the shares issued today, April 13th.
Funds ready to put to good use.
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