EX-99.1
2
ex991.htm
EX991
ex991.htm
PRESS RELEASE
DELTA
OIL & GAS, INC.'S OFFER TO ACQUIRE
THE
STALLION GROUP CLOSES SUCCESSFULLY
For
Immediate Release
Vancouver,
British Columbia (March 27, 2009) -
Delta Oil & Gas, Inc. (OTCBB:
DOIG)
("Delta Oil & Gas" or the "Company") is pleased to announce the
successful acquisition of the offer to acquire the outstanding shares of The
Stallion Group.
Delta Oil
& Gas has accepted the following number and approximate percentage of common
shares of The Stallion Group based on the outstanding shares today:
Number
of Common
Percentage
of Outstanding
Shares
Tendered
Common
Shares
58,635,139
80%
Delta Oil
& Gas is pleased that shareholders of The Stallion Group have accepted the
offer. The Company will now move quickly to integrate The Stallion
Group into its business.
Under
this offer, Delta Oil & Gas offered 0.333333 of its common shares and
$0.0008 in cash for each outstanding common share of The Stallion Group. The
aggregate number of shares of Delta Oil & Gas common stock to be issued in
the offer will be approximately 19,545,026
,
which
will represent approximately 80% of our outstanding stock, following the
transaction. In connection with this offer, Delta will also pay
approximately $46,908 in cash.
Cautionary
Statements
This
press release contains certain "forward-looking statements." Such
forward-looking statements are often identified by words such as "intends",
"anticipates", "believes", "expects" and "hopes" and include, without
limitation, statements regarding the Company's plan of business operations,
potential contractual arrangements, receipt of working capital, anticipated
revenues and related expenditures. Factors that could cause actual results
to differ materially include, among others, those set forth in the Company's
Annual Report on Form 10-KSB for the fiscal year ended December 31, 2007, under
the caption "Risk Factors" and in other reports filed with the SEC. Most
of these factors are outside the control of the Company. Investors are
cautioned not to put undue reliance on forward-looking statements. Except
as otherwise required by applicable securities statutes or regulations, the
Company disclaims any intent or obligation to update publicly these
forward-looking statements, whether as a result of new information, future
events or otherwise.
For
further information, contact:
Greg
Werbowski - 1.866.355.3644 -
IR@deltaoilandgas.com
www.deltaoilandgas.com

EX - 99 . 1 2 ex991 . htm EX991 ex991 . htm PRESS RELEASE DELTA OIL & GAS , INC . 'S OFFER TO ACQUIRE THE STALLION GROUP CLOSES SUCCESSFULLY For Immediate Release Vancouver , British Columbia ( March 27 , 2009 ) - Delta Oil & Gas , Inc . ( OTCBB : DOIG ) ( " Delta Oil & Gas " or the " Company " ) is pleased to announce the successful acquisition of the offer to acquire the outstanding shares of The Stallion Group . Delta Oil & Gas has accepted the following number and approximate percentage of common shares of The Stallion Group based on the outstanding shares today : Number of Common Percentage of Outstanding Shares Tendered Common Shares 58,635,139 80 % Delta Oil & Gas is pleased that shareholders of The Stallion Group have accepted the offer . The Company will now move quickly to integrate The Stallion Group into its business . Under this offer , Delta Oil & Gas offered 0 . 333333 of its common shares and $ 0.0008 in cash for each outstanding common share of The Stallion Group . The aggregate number of shares of Delta Oil & Gas common stock to be issued in the offer will be approximately 19,545,026 , which will represent approximately 80 % of our outstanding stock , following the transaction . In connection with this offer , Delta will also pay approximately $ 46,908 in cash . Cautionary Statements This press release contains certain " forward - looking statements . " Such forward - looking statements are often identified by words such as " intends " , " anticipates " , " believes " , " expects " and " hopes " and include , without limitation , statements regarding the Company 's plan of business operations , potential contractual arrangements , receipt of working capital , anticipated revenues and related expenditures . Factors that could cause actual results to differ materially include , among others , those set forth in the Company 's Annual Report on Form 10 - KSB for the fiscal year ended December 31 , 2007 , under the caption " Risk Factors " and in other reports filed with the SEC . Most of these factors are outside the control of the Company . Investors are cautioned not to put undue reliance on forward - looking statements . Except as otherwise required by applicable securities statutes or regulations , the Company disclaims any intent or obligation to update publicly these forward - looking statements , whether as a result of new information , future events or otherwise . For further information , contact : Greg Werbowski - 1 . 866 . 355 . 3644 - IR@deltaoilandgas.com www.deltaoilandgas.com