OYSTER OIL AND GAS LTD. ("OY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 14, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Inc. (the "Exchange") bulletin dated March 8, 2013 wherein the Exchange accepted for filing an amended and restated share exchange agreement (the "Share Exchange Agreement") dated February 4, 2013 among Clemson Resources Corp. (now named Oyster Oil and Gas Ltd.) (the "Company"), Oyster Oil and Gas Limited ("Oyster") and the shareholders of Oyster (the "Sellers"), the Company will be issuing additional consideration to the Sellers pursuant to terms of the Share Exchange Agreement which requires additional consideration if the Company enters into certain additional acquisition agreements. The additional consideration is as follows:
1. 1,853,785 common shares; and
2. 1,166,945 share purchase warrants entitling the holder to purchase 1,166,945 common shares at a price of $0.625 per common share.
For further information please see the Company's news releases dated February 5, 2013, September 6, 2013 and October 24, 2013 which are available under the Company's profile on SEDAR.
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