•  
  •  
  •  
  •  
  •  
  • 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

    Quicksilver Resources to trade on OTC marketplace under ticker symbol "KWKA"

    01/08/2015 Quicksilver Resources Inc.'s common stock is now traded on the OTC market, and the company expects that its common stock will be traded on the OTCQB marketplace within the next several days, under ...

    Pioneer updates commodity derivatives schedule

    01/07/2015 Pioneer Natural Resources Co. has converted approximately 85% of its 2015 oil derivative contracts from three-way collars to fixed-price swaps. Pioneer’s 2015 fixed-price oil swaps cover 82,000 bar...

    Technology: The Deciding Factor in Oil Market Success?

    12/17/2014

    Part Two: The Political Problems

    Whiting Petroleum completes acquisition of Kodiak Oil & Gas

    12/08/2014 Whiting Petroleum Corp. has completed its acquisition of Kodiak Oil & Gas Corp. The closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia app...

    OTC Markets Group welcomes Jericho Oil to OTCQX

    12/02/2014

    OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, reports that Jericho Oil Corp. has qualified to trade on the OTCQX marketplace.

    More Oil & Gas Financial Articles

    Quicksilver Resources to trade on OTC marketplace under ticker symbol "KWKA"

    Thu, Jan 8, 2015

    Quicksilver Resources Inc.'s common stock is now traded on the OTC market, and the company expects that its common stock will be traded on the OTCQB marketplace within the next several days, under the ticker symbol "KWKA."

    Pioneer updates commodity derivatives schedule

    Wed, Jan 7, 2015

    Pioneer Natural Resources Co. has converted approximately 85% of its 2015 oil derivative contracts from three-way collars to fixed-price swaps. Pioneer’s 2015 fixed-price oil swaps cover 82,000 barrels of oil production per day at an average NYMEX price of $71.18 per barrel.

    Technology: The Deciding Factor in Oil Market Success?

    Wed, Dec 17, 2014

    Part Two: The Political Problems

    Whiting Petroleum completes acquisition of Kodiak Oil & Gas

    Mon, Dec 8, 2014

    Whiting Petroleum Corp. has completed its acquisition of Kodiak Oil & Gas Corp. The closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia approving the arrangement on Dec. 5.

    OTC Markets Group welcomes Jericho Oil to OTCQX

    Tue, Dec 2, 2014

    OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, reports that Jericho Oil Corp. has qualified to trade on the OTCQX marketplace.

    Most Popular

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ