Houston American Energy (HUSA) Announces Common Offering
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Houston American Energy Corp. (AMEX: HUSA) today announced that it intends to offer shares of its common stock in a public offering. C. K. Cooper & Company, Inc. is acting as the placement agent for the proposed offering.
The Company expects to use the net proceeds from the offering for general working capital purposes, including funding its share of costs of development of properties in which the Company holds interests.
This offering, if commenced, will be made pursuant to a prospectus supplement to the Company's prospectus, dated August 26, 2009, filed as part of the Company's effective $75 million shelf registration statement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
The Company expects to use the net proceeds from the offering for general working capital purposes, including funding its share of costs of development of properties in which the Company holds interests.
This offering, if commenced, will be made pursuant to a prospectus supplement to the Company's prospectus, dated August 26, 2009, filed as part of the Company's effective $75 million shelf registration statement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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