Amazing Energy Oil and Gas, Co. (OTCPK:AMAZ) announced a private placement of 8,333,333 restricted shares at an issue price of $0.030 per share for the gross proceeds of $250,000 on March 16, 2020. The transaction included participation from Cicero Consulting Group LLC. The shares constitute 7% of the issued and outstanding shares of the company’s common stock. The securities were issued pursuant to an exemption from registration available under Section 4 of the Securities Act of 1933 and Rule 506(b).