North American Oil & Gas Corp (OTCBB:NAMG) Sale & Issuance of the Common Stock

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Las Vegas, NV -- (SBWIRE) -- 12/24/2013 -- North American Oil & Gas Corp (OTCBB:NAMG) conducts oil and gas exploration. The company’s operations are based in California. The company basically operates through its subsidiary, Lani. Most of its projects are operational in San Joaquin Basin, California. Some of its prospects are Tejon Main prospect, White Wolf project and Tejon Extension prospect.

North American Oil and Gas signed a letter agreement earlier this month with Oel und Erdgazforshung AG. The Oel will be investor to which the company will issue common stock. The company says that the common stock holds $0.001 per share par value.

The investor can buy not more than five tranches of common stock, each of $200,000. The net proceeds from the common stock will be $1.00 million.

To find out what OTCMAGIC projects for North American Oil & Gas Corp for both short term and long term please click here: NAMG

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