Off-market insider buying at Jericho Oil (JCO)

Off-market insider buying at Jericho Oil (:JCO)

Michael Graves, a 10% Holder, acquired 8,473,200 Common Shares on a control or direction basis for registered holder Catlett Sands-II, LLC at a price of $0.100 through a prospectus or prospectus exempt offering on June 12th, 2020. The insider also acquired 8,473,200 Warrants with an exercise price of $0.130 for a period of 36 months from the date of issuance. This represents a $847,320 investment into the company's shares and an account share holdings change of 42.0%.

In addition, Mette Hegna, a 10% Holder, acquired 8,473,200 Common Shares on a control or direction basis for registered holder Steven and Mette Hegna and 8,473,200 Warrants. This represents also represents a $847,320 investment into the company's shares and an account share holdings change of 63.2%.

Jericho Oil is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Jericho Oil Corporation, formerly Dakar Resource Corp., is engaged in the acquisition, exploration and development of oil and natural gas fields in the United States. The Company's non-current assets are located in Kansas and Oklahoma, the United States. The Company has interest in over two, shallow, low-decline oil-producing lease packages, Ekan-1 and Ekan-2, located in Kansas, the United States (the Kansas Properties). The Company also has an additional property, Ekan-3, which is located approximately five miles of its existing Kansas Properties. Its subsidiaries include Jericho Oil (Kansas) Corp. and Jericho Oil (Oklahoma) Corp.