HNRC Strategic Asset Sales Propel Company to Impressive Gains Earning $0.15 per Share
- Successful completion of asset sale at favorable enterprise value and per share price
- Focus on oil and gas opportunities and energy transition materials
- Signed $10 million underwriting commitment for acquisitions
- None.
The company entered into an agreement to exchange convertible preferred stock, with a market value of
The company will be focused, under its new name of Cunningham Natural Resources Corp, on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy. As announced previously the company is in the process of a FINRA review for a name change, ticker and CUSIP change.
The company intends to put this additional capital to use for future energy and energy transition acquisitions and provide a dividend to shareholders, subject to FINRA review.
The company has signed a
About Houston Natural Resources Corp
Houston Natural Resources Corp. (OTC: HNRC) (www.hnrcholdings.com) is a diversified energy company with oil and gas interests. The Company has recently acquired a
About Cunningham Natural Resources Corp
Cunningham Natural Resources Corp (www.cunninghamnaturalresources.com) will be focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy.
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
Contact:
Houston Natural Resources Corp
12 Greenway Plaza, Suite 1100
Phone: (713) 425-4901
E-mail: frank@hnrcholdings.com
Twitter: https://twitter.com/CunninghamCorp
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SOURCE Houston Natural Resources Corp