Houston American Energy Corp. (NYSE: HUSA) announced today 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.
Based in Houston, Texas, Houston American Energy Corp is an independent energy company with interests in oil and natural gas wells and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Colombia, Texas and Louisiana. Additional information can be accessed by reviewing our Form 10-K and other periodic reports filed with the Securities and Exchange Commission.
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.
Copies of the preliminary prospectus supplement and accompanying prospectus relating to these securities may be obtained by contacting C. K. Cooper & Company, Inc. 18300 Von Karman Avenue, Suite 700, Irvine, California 92612, (888) 477-9301 or email@example.com.
For additional information, view the Company's website at www.houstonamericanenergy.com