I am needing some help with this. I am at a starting point with this and I know this is a tombstone advertisement but I am having some trouble researching this. Please help me in the right direction so I can move forward. I don't want a full write up, just bullet points to help me understand. Thanks.

The following announcement appeared in the May 15, 2017, issue of the Wall Avenue Financial Journal:

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This announcement is not an offer of securities for sale or an offer to buy securities.

New Issue, May 15, 2017 $950,000,00

CRUDE OIL& GAS, INC.

6.25% Debentures Due July 1, 2032

Price 103.35%

Plus accrued interest if any from the date of issuance

Copies of the prospectus and the related prospectus supplement may be obtained from such of the undersigned as may legally offer these securities under applicable securities laws.

Kermit Jeffers & Co. Inc. / Banks Bros. & Co. \ William Stork & Co.

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In a 23-page Word document, address the following:

What is the purpose of this announcement? Identify the purpose of a securities offering announcement. Why are the securities being priced at 103.35%? Explain why a security is priced at a value other than par. How will Crude Oil & Gas be recorded in this sale of securities? How will this impact their future interest expense entries? Describe the entry to record the sale of a security and its impact on future interest expense.