Stamper Oil & Gas Corp. announced a non-brokered private placement of 1,428,500 units at a price of CAD 0.350 per unit for gross proceeds up to CAD 500,000 and up to 2,500,000 flow-through shares in the capital of the company at a price of CAD 0.40 per flow-through share for gross proceeds of up to CAD 1,000,000 on March 24, 2023. Each Unit consists of one common share and one transferrable common share purchase warrant of the company.

Each warrant entitling the holder to purchase one additional common share at an exercise price of CAD 0.50 per share for a period of 12 months from the closing date, subject to accelerated expiry in the event that, if after four months from the date of issue, the closing price of the common shares of the Company on the TSX venture exchange is equal to or greater than CAD 0.75 for a period of 5 consecutive trading days, the company will have the right to accelerate the expiry time of the warrants by giving notice to the holders of the Warrants by news release or other form of notice permitted. The Company may, in its sole discretion, pay a finder's fee. All securities issued in the Financings will be subject to a statutory hold period expiring four months and one day after closing of the Financings.

The transaction is subject to approval of stock exchange.