Stamper Oil & Gas Corp. successfully closed a private placement for BISP Exploration Inc., generating significant funding to facilitate the acquisition and operational enhancements.

Target Information: BISP Exploration Inc.

BISP Exploration Inc. ("BISP") is a resource company engaged in the exploration and development of mineral properties. The company recently closed a brokered private placement of subscription receipts, facilitating its acquisition by Stamper Oil & Gas Corp. This strategic move is aligned with BISP's growth objectives and its commitment to delivering value to its stakeholders.

In the recent financing, BISP issued 57,609,993 subscription receipts priced at $0.20 each, generating net proceeds of approximately $11.52 million. These funds will be primarily utilized for the cash portion of the acquisition transaction, furthering exploratory operations and meeting the working capital needs of the resulting entity.

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