By Sheri Kasprzak
New York, April 28 - Houston American Energy Corp. said it has completed a $16.6 million private placement.
The company sold to several accredited investors 5,533,333 shares at $3.00 each.
Sanders Morris Harris Inc. was the placement agent.
Houston-based Houston American is an oil and natural gas explorer.
| Issuer: | Houston American Energy Corp.
|
| Issue: | Stock
|
| Amount: | $16.6 million
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| Shares: | 5,533,333
|
| Price: | $3.00
|
| Warrants: | No
|
| Placement agent: | Sanders Morris Harris Inc.
|
| Settlement date: | April 28
|
| Stock symbol: | OTCBB: HUSA
|
| Stock price: | $4.90 at close April 28
|
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