Strongbow Resources Inc. (OTCMKTS:STBR) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02 Unregistered Sales of Equity Securities.
On February 6, 2017 and February 10, 2017, we sold an aggregate of 1,310,000 shares of common stock (each, a “Share”) at a price of US$0.25 per Share for gross proceeds of US$327,500. We issued the Shares to three non-U.S. persons (as that term is defined in Regulation S of the Securities Act of 1933, as amended) in an offshore transaction in which we relied on the exemptions from the registration requirements provided for in Regulation S and/or Section 4(a)(2) of the Securities Act of 1933, as amended and to two U.S. persons in reliance upon Rule 506 of Regulation D of the Securities Act of 1933, as amended.
About Strongbow Resources Inc. (OTCMKTS:STBR)
Strongbow Resources Inc. is focused on the acquisition, exploration and development of oil and gas properties located in the United States and Canada. The Company’s net probable reserves are approximately 89,600 barrels of oil. The Company has a well on approximately 160 developed acres. The Company has approximately 4,960 gross acres and 4,960 net undeveloped acres. The Company seeks to focus on the exploration and drilling of the Farmout Lands, identify and complete additional asset acquisition(s), and pursue joint venture agreements with third parties to explore for oil and gas in Canada and the United States. As of February 29, 2016, the Company had no proved undeveloped reserves. The Company has generated no revenue from pre-production sales of oil and commercial production. Strongbow Resources Inc. (OTCMKTS:STBR) Recent Trading Information
Strongbow Resources Inc. (OTCMKTS:STBR) closed its last trading session up +0.120 at 0.690 with 67,567 shares trading hands.