Perisson Petroleum Corporation says that after several months of discussions and due diligence, it has entered into a long term relationship with a new strategic investor group.

The new strategic investor group is proposing to undertake an initial non-brokered private placement for gross proceeds of up to USD$40 million at a subscription price of $0.40 per share (the 'Financing'), for the purposes of financing an aggressive oil and gas asset acquisition strategy by the Company. Accretive strategic acquisitions are anticipated to occur starting in the first half of 2016.

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