Houston American Energy Corporation has secured a $100 million equity line of credit through a Common Stock Purchase Agreement with an institutional investor. This financial boost aims to accelerate the company's growth strategy, focusing on strategic acquisitions, scaling operations, and expanding its footprint in the low-carbon fuels and chemicals sector. The agreement allows Houston American Energy to sell up to $100 million of its common stock over 24 months, providing the company with the flexibility to enhance its operations and pursue new opportunities in the evolving energy sector. CEO Ed Gillespie emphasizes this as a significant milestone, underscoring the company's commitment to advancing its project pipeline.
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