•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Texhoma Energy signs LOI to raise $5M from Southridge Partners II

    Texhoma Energy Inc.

    Texhoma Energy Inc. (OTC Pink: TXHE) has signed a letter of intent (LOI) with Southridge Partners II LP, an institutional investor, outlining terms for an equity purchase agreement (EPA) in the amount of $5 million, which if funded, will create significant growth capital to Texhoma.

    Under terms of the LOI, upon execution of the EPA, Texhoma will have the right, not the obligation to sell, from time to time, up to $5 million of its common stock to Southridge at a discount to the then trading price of its common stock, under terms deemed favorable by management, by submitting a draw down notice in an amount that the company determines.

     

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    ETRM in today's market environment

    10/09/2014

    Systems still fall short in prescriptive analytics

    OXY to spin off California oil and gas business

    10/03/2014 Occidental Petroleum Corp. reports that its board of directors has approved the spin-off of its California oil and gas business into an independent and separately traded company, California Resourc...

    EMAS Offshore launches Singapore listing

    09/30/2014 EMAS Offshore Ltd., formerly known as EOC Ltd., has launched its public offering of shares following the registration of its prospectus with the Monetary Authority of Singapore, in conjunction with...

    Constellation plans for name change, new ticker symbol

    09/29/2014

    Constellation Energy Partners LLC intends to change its name to Sanchez Production Partners LLC after market hours on Oct. 3.

    EQT Midstream Partners to join Alerian Energy Infrastructure Index

    09/16/2014

    Alerian reports that, following the close of business on Sept. 19, EQT Midstream Partners LP will be added to the Alerian Energy Infrastructure Index.

    More Oil & Gas Financial Articles

    ETRM in today's market environment

    Thu, Oct 9, 2014

    Systems still fall short in prescriptive analytics

    OXY to spin off California oil and gas business

    Fri, Oct 3, 2014

    Occidental Petroleum Corp. reports that its board of directors has approved the spin-off of its California oil and gas business into an independent and separately traded company, California Resources Corp.  

    EMAS Offshore launches Singapore listing

    Tue, Sep 30, 2014

    EMAS Offshore Ltd., formerly known as EOC Ltd., has launched its public offering of shares following the registration of its prospectus with the Monetary Authority of Singapore, in conjunction with the proposed listing on the Main Board of the Singapore Exchange Securities Trading Ltd. (SGX-ST).

    Constellation plans for name change, new ticker symbol

    Mon, Sep 29, 2014

    Constellation Energy Partners LLC intends to change its name to Sanchez Production Partners LLC after market hours on Oct. 3.

    EQT Midstream Partners to join Alerian Energy Infrastructure Index

    Tue, Sep 16, 2014

    Alerian reports that, following the close of business on Sept. 19, EQT Midstream Partners LP will be added to the Alerian Energy Infrastructure Index.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ