Attached files
file | filename |
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8-K - FORM 8-K - AMERICAN OIL & GAS INC | d70470e8vk.htm |
EX-5.1 - EX-5.1 - AMERICAN OIL & GAS INC | d70470exv5w1.htm |
EX-1.1 - EX-1.1 - AMERICAN OIL & GAS INC | d70470exv1w1.htm |
EX-10.1 - EX-10.1 - AMERICAN OIL & GAS INC | d70470exv10w1.htm |
Exhibit 99.1
NEWS RELEASE |
American Announces Registered Direct Common Stock Offering
DENVER, CO December 18, 2009 American Oil & Gas Inc. (NYSE-AMEX: AEZ) today announced
that it has agreed to sell nine million shares of common stock to certain purchasers through a
registered direct offering priced at $3.50 per share, resulting in gross proceeds of
$31.5 million. C. K. Cooper & Company acted as lead placement agent on the transaction and
Ladenburg Thalman & Co., Inc. acted as co-placement agent.
American intends to use the net proceeds from the transaction for capital expenditures in 2010
and general corporate purposes. The financing is expected to close on or about December 24, 2009,
subject to the satisfaction of customary closing conditions.
The offering was conducted pursuant to Americans effective shelf registration statement
previously filed with the Securities and Exchange Commission (the SEC). This press release shall
not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any state in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state. Any offer will be
made only by means of a prospectus, including a prospectus supplement, forming a part of the
effective shelf registration statement. Copies of the final prospectus, including the prospectus
supplement, can be obtained at the SECs website, www.sec.gov, or from C. K. Cooper & Company,
18300 Von Karman Avenue, Suite 700, Irvine, CA 92612.
American Oil & Gas Inc. is an independent oil and natural gas company engaged in exploration,
development and production of hydrocarbon reserves primarily in the Rocky Mountain region.
Additional information about American Oil & Gas Inc. can be found at the Companys website:
www.americanog.com.
###
This release and the Companys website referenced in this release contain forward-looking
statements regarding American Oil & Gas Inc.s future plans and expected performance that are based
on assumptions the Company believes to be reasonable. A number of risks and uncertainties could
cause actual results to differ materially from these statements, including, without limitation, the
success rate of drilling efforts and the timeliness of development activities, fluctuations in oil
and gas prices, and other risk factors described from time to time in the Companys reports filed
with the SEC. In addition, the Company operates in an industry sector where securities values are
highly volatile and may be influenced by economic and other factors beyond the Companys control.
The Company undertakes no obligation to publicly update these forward-looking statements to reflect
events or circumstances that occur after the issuance of this press release or to reflect any
change in the Companys expectations with regard to these forward-looking statements or the
occurrence of any unanticipated events. This press release may include the opinions of American Oil
& Gas Inc., and does not necessarily include the views of any other person or entity.
Contact: |
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Andrew Calerich, President
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Neal Feagans, Investor Relations | |||||
303.991.0173 Fax: 303.595.0709
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Feagans Consulting, Inc | |||||
1050 17th Street, Suite 2400 Denver, CO 80265
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303.449.1184 |