April 23 (Reuters) - Jericho Oil Corp JCO.V :
* JERICHO OIL TO RAISE $5 MILLION CAD IN EQUITY FINANCING FOR FUTURE ACQUISITIONS
* JERICHO OIL CORP - NON-BROKERED PRIVATE PLACEMENT OF ABOUT 50 MILLION UNITS AT PRICE OF C$0.10 PER UNIT
* JERICHO OIL CORP - NET PROCEEDS FROM OFFERING WILL BE USED PRIMARILY FOR ACQUISITION OF ASSETS DURING CURRENT MARKET DOWNTURN