Houston American Energy Corp. (NYSE: HUSA) announced that it has closed on its previously announced registered direct equity offering of 14,814,815 units at $0.675 per unit, with each unit consisting of one of the company's common shares, one class A warrant to purchase one-half share of common stock and one class B warrant to purchase one half share of common stock, for gross proceeds of approximately $10 million.
C. K. Cooper & Company Inc. acted as placement agent for the offering.
Houston American Energy Corp. intends to use the proceeds from the offering for general working capital purposes, including funding the company's share of costs of development of properties in which the company holds interests.
Recommended Reading
Stice: Diamondback’s Small Company Culture Suits Big M&A Appetite
2024-05-01 - Diamondback Energy CEO Travis Stice tells analysts that the company’s nimble nature is among its top qualities, allowing for rapid growth and the successful integration of Endeavor Energy this year.
Comstock Adds Four Whopper Wildcats; Takes Western Haynesville to 450K
2024-05-01 - Comstock Resources' four newest wells, which IP’ed at more than 35 MMcf/d, were landed at up to 19,400 feet total vertical depth.
Marketed: Wylease Niobrara Shale Cloud Peak Opportunity
2024-04-30 - Wylease LLC has retained EnergyNet for the sale of working interest in the Niobrara Shale of Converse County, Wyoming in the Cloud Peak 3874-8-5-1NH.
Marketed: Wylease Niobrara Shale Opportunity
2024-04-30 - Wylease LLC has retained EnergyNet for the sale of working interest in the Misty Moon Lake 3874-17-20-1NH of Converse County, Wyoming.
Berry Bolts On More California Assets as Kern County M&A Continues
2024-03-06 - As Berry Corp. continues its aggressive hunt for growth opportunities outside of California, the E&P made a second bolt-on acquisition in Kern County in the fourth quarter.