"These funds will enable Terax to complete a minimum of its first six wells, as well as the initial leg of its gathering system, and will position Terax to address its future capital requirements on a cost-effective basis," said Lawrence Finn, chief executive officer and chief financial officer. "We expect to complete the gathering system by the end of February and complete the Mitchell #1-H and #2-H wells shortly thereafter."
The securities sold in the private placement have not been registered under the Securities Act or state securities laws and may not be offered or sold in the United States without registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements.
This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.
Most Popular Articles