FX.co ★ Houston American Energy Corp. Announces $4.42 Mln Registered Direct Offering Of Shares, Stock Down

Houston American Energy Corp. (HUSA) has announced a definitive agreement with a consortium of investors for the sale of 2.6 million shares of its common stock at a price of $1.70 per share. This offering is anticipated to generate approximately $4.42 million in gross proceeds for the company. The proceeds are earmarked to support Houston American Energy's strategic initiatives and operational growth. The transaction is slated to conclude on or around January 23. At present, HUSA is trading at $1.88 on the Nasdaq, reflecting a decrease of 20.72% or $0.49.