Las Vegas, NV -- (SBWIRE) -- 10/29/2013 -- North American Oil & Gas Corp (OTCBB:NAMG) announced that it concluded its Stock Purchase Agreement Oel und Erdgazforshung AG. The agreement deals with auction and issuance 246,914 common stock shares of the company at $0.001 par value per share.
NAMG stated that the stock will be issued for purchase price of $200,000, and also the warrants will be issued for purchase of 96,618 Common Stock shares. The warrants will be available at an exercise price per share of $1.04. The company says that agreement sets that Warrants can be immediately exercisable and will expire on October 10, 2016. Upon the option of the holder, the warrants can be exercised.
North American Oil & Gas Corp. is involved in the business of oil and gas exploration. The company is based in California and works through Lani, its subsidiary. The Company operates its projects at the sites of San Joaquin Basin, California. The prospects include Tejon Extension prospect, Tejon Main prospect and White Wolf project.
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