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Saturn Oil & Gas Inc. Closes First Tranche of Non-Brokered Private Placement


Saturn Oil & Gas Inc. Closes First Tranche of Non-Brokered Private Placement
Saturn or the
Company ) is pleased to announce that, further to the Company s press releases dated May 13, 2021 and May 17, 2021, it has closed the first tranche (the
First Tranche Closing ) of its non-brokered private placement by selling 64,583,334 special warrants for total proceeds of $7,750,000.
A portion of the proceeds of the First Tranche Closing have been used to fund the deposit with the vendor on the previously announced acquisition of oil and gas assets in the Oxbow-area of South-East Saskatchewan.
The Company anticipates closing of the balance of the previously announced brokered and non-brokered offerings on or before June 4, 2021. ....

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Saturn Oil & Gas Inc. Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan


Saturn Oil & Gas Inc. Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan
Mission is to continue to be an acquirer of accretive assets in Western Canada
Acquisition builds on Saturn s existing environmental, social and governance ( ESG ) performance, while supplying responsibly-produced ethical Canadian crude oil to service global market demand
Calgary, Alberta (Newsfile Corp. - May 13, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ( Saturn or the Company ) is pleased to announce that it has entered into an arms-length definitive agreement to acquire assets in the Oxbow area of Southeast Saskatchewan (the Oxbow Assets or the Acquisition ) for approximately $93 million, funding for which is outlined below. ....

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