/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/
TORONTO, Dec. 18 /CNW/ - Cambrian Capital, L.P. ("CCLP"). announced that it has acquired control or direction over 3,500,000 common shares and 3,500,000 common share purchase warrants of Strategic Oil & Gas Ltd. ("Strategic"). As a result, CCLP now exercises control or direction over an aggregate of 7,000,000 securities of Strategic, representing approximately 10.14% of the issued and outstanding common shares of Strategic (assuming exercise of all the common share purchase warrants over which CCLP exercises control or direction).
The common shares and the common share purchase warrants of Strategic were acquired through a private placement of Strategic. CCLP acquired control or direction over the securities for investment purposes only. Depending on market and other conditions, CCLP may from time to time in the future increase or decrease its ownership, control or direction over, or exercise its current rights to acquire, the common shares or other securities of Strategic, through market transactions, private agreements or otherwise.
SOURCE CAMBRIAN CAPITAL, L.P.
For further information: For further information: Karen A. Durante, Cambrian Capital, L.P., 45 Coolidge Point, Manchester, MA, 01944, Tel: (978) 526-7010, Fax: (978) 526-7080