Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/by_province/americans_onshore/usa/houston-american-energy-to-purchase-a-125-interest.shtmlHouston American Energy to purchase a 12.5% interest in TRL
Houston American Energy Corp. has agreed to purchase ordinary shares of Tamboran Resources Limited (TRL) for $1 million. Closing of the purchase is subject to receipt by
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Houston American Energy Corp. has agreed to purchase ordinary shares of Tamboran Resources Limited (TRL) for $1 million. Closing of the purchase is subject to receipt by Tamboran of a minimum of A$705,000 (approximately US$500,000) of additional funding from the sale of ordinary shares to parties other than Houston American.
Houston American's purchase, when completed, will represent a 12.5% ownership interest in Tamboran and includes anti-dilution provisions that may maintain that ownership level for a period of nine months with respect to certain equity issuances by Tamboran.
