Perisson Petroleum Corporation (TSXV:POG) announced that it has received subscription agreements from investors for a private placement of 16,666,667 class A common shares at a price of CAD 0.06 per share for gross proceeds of CAD 1,000,000 on March 9, 2020. The securities issued in the transaction is subject to hold period of four month. The transaction is subject to regulatory and TSX Venture Exchange approval.