Formation Minerals, Inc. Announces Entry Into $10,000,000 Equity Financing Agreement with GHS Investments, LLC
Formation Minerals (OTCQB: FOMI), an oil and gas company based in Jacksboro, Texas, announced an Equity Financing Agreement with GHS Investments, to raise up to $10,000,000. The agreement, signed on December 31, 2024, allows Formation to sell shares of its common stock to GHS over a 24-month period, subject to certain conditions. The shares will be sold at 80% of the market price, and the transactions will commence once the SEC declares the registration statement effective.
The funds raised will be used for general corporate and working capital purposes, acquisitions of assets, businesses, or operations, and other purposes deemed in the best interest of the company. CEO Scott Cox highlighted the importance of this capital for growth and development post-merger and uplist to the OTCQB, emphasizing a strategy of opportunistic asset acquisition in the energy sector. The agreement is intended to maximize returns and create sustainable value for shareholders.
The shares will be issued under exemptions from registration provided by the Securities Act of 1933. This announcement does not constitute an offer to sell or a solicitation to buy any shares in jurisdictions where such actions would be unlawful.
Formation Minerals (OTCQB: FOMI), una compagnia petrolifera e del gas con sede a Jacksboro, Texas, ha annunciato un Accordo di Finanziamento in Capitale con GHS Investments per raccogliere fino a $10.000.000. L'accordo, firmato il 31 dicembre 2024, consente a Formation di vendere azioni del suo capitale comune a GHS per un periodo di 24 mesi, soggetto a determinate condizioni. Le azioni saranno vendute al 80% del prezzo di mercato, e le transazioni inizieranno una volta che la SEC dichiarerà efficace la dichiarazione di registrazione.
I fondi raccolti saranno utilizzati per scopi aziendali generali e di capitale circolante, acquisizioni di beni, aziende o operazioni, e altri scopi ritenuti nel migliore interesse della società. Il CEO Scott Cox ha evidenziato l'importanza di questo capitale per la crescita e lo sviluppo dopo la fusione e l'up-listing all'OTCQB, sottolineando una strategia di acquisizione di beni opportunistici nel settore energetico. L'accordo è pensato per massimizzare i ritorni e creare un valore sostenibile per gli azionisti.
Le azioni saranno emesse sotto esenzioni dalla registrazione previste dalla Securities Act del 1933. Questo annuncio non costituisce un’offerta di vendita né una sollecitazione all’acquisto di azioni in giurisdizioni in cui tali azioni sarebbero illegali.
Formation Minerals (OTCQB: FOMI), una compañía de petróleo y gas con sede en Jacksboro, Texas, anunció un Acuerdo de Financiamiento de Capital con GHS Investments para recaudar hasta $10,000,000. El acuerdo, firmado el 31 de diciembre de 2024, permite a Formation vender acciones de su capital común a GHS durante un período de 24 meses, sujeto a ciertas condiciones. Las acciones se venderán al 80% del precio del mercado, y las transacciones comenzarán una vez que la SEC declare efectiva la declaración de registro.
Los fondos recaudados se utilizarán para fines corporativos generales y de capital operativo, adquisiciones de activos, negocios u operaciones, y otros propósitos considerados en el mejor interés de la empresa. El CEO Scott Cox subrayó la importancia de este capital para el crecimiento y desarrollo tras la fusión y la lista en OTCQB, enfatizando una estrategia de adquisición de activos oportunistas en el sector energético. El acuerdo tiene la intención de maximizar los retornos y crear valor sostenible para los accionistas.
Las acciones se emitirán bajo exenciones de registro proporcionadas por la Ley de Valores de 1933. Este anuncio no constituye una oferta de venta ni una solicitud de compra de acciones en jurisdicciones donde tales acciones serían ilegales.
Formation Minerals (OTCQB: FOMI), 텍사스 주 잭스보로에 본사를 둔 석유 및 가스 회사가 GHS Investments와 자본 재협상 계약을 체결하여 최대 $10,000,000을 모금한다고 발표했습니다. 2024년 12월 31일에 서명된 이번 계약에 따라 Formation은 24개월 기간 동안 GHS에 공통 주식의 주식을 판매할 수 있으며, 이는 특정 조건에 따릅니다. 주식은 시장 가격의 80%에 판매되며, SEC가 등록 선언을 효력을 인정하는 즉시 거래가 시작됩니다.
모금된 자금은 일반 기업 및 운영 자본, 자산, 사업 또는 운영의 인수와 회사의 최선의 이익으로 간주되는 기타 목적을 위한 것입니다. CEO인 Scott Cox는 이 자본이 합병 및 OTCQB 상장 이후 성장 및 개발에 얼마나 중요한지를 강조하며, 에너지 부문에서의 기회주의적 자산 인수 전략을 강조했습니다. 이 계약은 수익을 극대화하고 주주를 위한 지속 가능한 가치를 창출하기 위한 것입니다.
주식은 1933년 증권법에 의한 등록 면제 하에 발행됩니다. 본 공시는 그러한 행위가 불법인 관할권에서 주식을 판매하기 위한 제안이나 구매 요청을 구성하지 않습니다.
Formation Minerals (OTCQB: FOMI), une société pétrolière et gazière basée à Jacksboro, au Texas, a annoncé un Accord de Financement par Actions avec GHS Investments pour lever jusqu'à 10.000.000 $. L'accord, signé le 31 décembre 2024, permet à Formation de vendre des actions de son capital commun à GHS pendant une période de 24 mois, sous réserve de certaines conditions. Les actions seront vendues à 80 % du prix du marché, et les transactions commenceront dès que la SEC déclarera la déclaration d'enregistrement valable.
Les fonds levés seront utilisés à des fins générales d'entreprise et de fonds de roulement, pour l'acquisition d'actifs, d'entreprises ou d'opérations, ainsi que pour d'autres usages jugés dans le meilleur intérêt de la société. Le PDG Scott Cox a souligné l'importance de ce capital pour la croissance et le développement après la fusion et le passage à l'OTCQB, mettant en avant une stratégie d'acquisition d'actifs opportunistes dans le secteur de l'énergie. L'accord vise à maximiser les retours et à créer une valeur durable pour les actionnaires.
Les actions seront émises en vertu des exonérations d'enregistrement prévues par la Securities Act de 1933. Cet avis ne constitue pas une offre de vente ni une sollicitation d'achat d'actions dans des juridictions où de telles actions seraient illégales.
Formation Minerals (OTCQB: FOMI), ein Öl- und Gasunternehmen mit Sitz in Jacksboro, Texas, gab ein Kapitalfinanzierungsabkommen mit GHS Investments bekannt, um bis zu 10.000.000 US-Dollar einzunehmen. Der am 31. Dezember 2024 unterzeichnete Vertrag erlaubt es Formation, Anteile an seinem Grundkapital über einen Zeitraum von 24 Monaten an GHS zu verkaufen, vorbehaltlich bestimmter Bedingungen. Die Anteile werden zum 80% des Marktpreises verkauft, und die Transaktionen beginnen, sobald die SEC die Registrierungsmitteilung für wirksam erklärt.
Die gesammelten Mittel werden für allgemeine Unternehmens- und Betriebskapitalzwecke, Akquisitionen von Vermögenswerten, Unternehmen oder Betrieben sowie für andere Zwecke verwendet, die im besten Interesse des Unternehmens liegen. CEO Scott Cox betonte die Bedeutung dieses Kapitals für Wachstum und Entwicklung nach der Fusion und dem Uplisting an die OTCQB und hob eine Strategie der opportunistischen Akquisition von Vermögenswerten im Energiesektor hervor. Der Vertrag soll die Renditen maximieren und einen nachhaltigen Wert für die Aktionäre schaffen.
Die Anteile werden unter den Ausnahmen von der Registrierung gemäß dem Securities Act von 1933 ausgegeben. Diese Ankündigung stellt kein Angebot zum Verkauf oder eine Aufforderung zum Kauf von Aktien in Jurisdiktionen dar, in denen solche Handlungen unrechtmäßig wären.
- Equity Financing Agreement with GHS Investments to raise up to $10,000,000.
- Funds to be used for growth, working capital, and acquisitions.
- Shares sold at 80% of market price, offering potential cost savings.
- 24-month period for transactions provides flexibility.
- Capital supports growth post-merger and uplist to OTCQB.
- Potential dilution of existing shareholder value due to new share issuance.
JACKSBORO, Texas, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Formation Minerals, Inc. (”Formation" or the "Company") (OTCQB: FOMI), a pure play oil and gas company based in Jacksboro, Texas, engaged in the acquisition and management of mineral and royalty interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the United States, today announced that on December 31, 2024, the Company entered into an Equity Financing Agreement (the “Agreement”) with GHS Investments, LLC ("GHS"), a leading private investment and management group providing financial solutions for high-potential small cap companies, to raise up to
Under the terms and subject to the conditions of the Agreement, the Company has the right, but not the obligation, to sell to GHS, and GHS is obligated to purchase up to
The Company intends to use the net proceeds from the sale of any shares under the Agreement for general corporate and working capital purposes and acquisitions of assets, businesses or operations or for other purposes that the board of directors of the Company, in good faith, deems to be in the best interest of the Company.
“The capital from GHS is an important milestone for providing the foundation for growth and development following the Company’s merger transaction and uplist to the OTCQB. Formation has a unique business plan which allows for the opportunistic acquisition of revenue producing assets in the energy sector. We will continue pursuing a true buy low and sell high strategy based upon our secure platform and are very bullish on oil and gas at this time and look forward to capitalizing on the opportunities we see currently,” said Scott Cox, Chief Executive Officer of Formation, “GHS has broad experience dealing with OTC companies and will continue to be a great partner. We’re grateful that they recognize the value in the Company and the services we provide.”
“Our proactive approach allows us to optimize our portfolio and invest in high-potential properties. Formation remains dedicated to continuously refining our asset mix, maximizing returns, and creating sustainable value for our shareholders.” Mr. Cox continued.
The shares of Common Stock issuable pursuant to the Agreement will be issued and sold in reliance upon the exemption from registration afforded by Section 4(a)(2) of the Securities Act, Rule 506 of Regulation D promulgated by the SEC under the Securities Act, and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments in Common Stock to be made pursuant to the Agreement. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any shares of common stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Formation Minerals, Inc.
Formation is an oil and gas company based in Jacksboro, Texas, focused on acquiring and managing high-growth oil and gas minerals and royalties in the premier U.S. basins. The Company currently owns producing mineral, royalty, and overriding royalty interests in the DJ Basin of Colorado and Wyoming, the Haynesville Shale of Louisiana, the Delaware and Permian Basin of Texas, the Marcellus and Utica shales in West Virginia, and the Anadarko Basin in Oklahoma. The Company is focused on providing strong stockholder returns through asset growth generated by our acquisitions and organic growth of the Company’s properties.
Forward-Looking Statements
Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only, and actual events or results may differ materially from those projected in such forward-looking statements. Words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that could cause or contribute to differences include whether the Company is able to sell any shares under the Agreement, the timing of filing a registration statement with respect to the resale of such shares, the uncertainty regarding viability and market acceptance of the Company’s products and services; the ability to maintain the listing of its common stock on the OTCQB; the risk that we are not able to maintain and enhance its brand and reputation in its marketplace, adversely affecting Formation’s business, financial condition and results of operations; the risk that periods of rapid growth and expansion could place a significant strain on Formation’s resources, including its employee base, which could negatively impact Formation’s operating results; changes in relationships with third parties; product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Formation assumes no obligation to, and does not intend to, update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Formation does not give any assurance that Formation will achieve its expectations.
Contact:
Jeff Ramson, CEO
PCG Advisory, Inc.
jramson@pcgadvisory.com
FAQ
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