HNRC FILES REGISTRATION STATEMENT FOR WDHI LISTING
The Company has previously announced that, effective May 26, 2023 the Board of Directors has approved the transfer of the non-energy investments of $53,307,324 in exchange for common shares of
The company's transfer agent, Equiniti Shareowner Services, has been appointed as the transfer agent for
WDHI has a legacy portfolio in the technology, telecommunications, and software industries. It will focus on additional opportunities in Artificial Intelligence and food technologies.
The company also reiterated that it intends to continue to implement its dividend policy in 2023 and expects to pay additional dividends to its shareholders this year from liquidity events.
The company also announced that it expects to complete the acquisition of 100% interest in Cunningham Energy, with appraised reserves of
The company is preparing to file an
The company had announced that it has signed a $10 million-dollar underwriting commitment for acquisitions and a listing to a major exchange. The company anticipates uplisting to NASDAQ completion in the third or fourth quarter this year. The benefits an underwriter can provide to the company include acquisition and expansion capital, market awareness and analyst coverage to help increase market interest and to the company's business model.
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.
Houston Natural Resources Corp: 12 Greenway Plaza, Suite 1100, Houston, Texas 77046, Phone: (713) 425-4901, E-mail: email@example.com