Houston American Energy Corp. Announces $1.2 Million Registered Direct Offering

Core Points - Houston American Energy Corp. has entered into a definitive agreement for the purchase and sale of 81,629 shares of common stock at a price of $14.80 per share in a registered direct offering [1] - The gross proceeds from this offering are expected to be approximately $1.2 million, with net proceeds of around $1 million intended for general corporate purposes [2] - The offering is being conducted under a shelf registration statement previously filed and declared effective by the SEC [3] - The company has appointed Univest Securities, LLC as the sole placement agent for the offering, entitled to an 8.0% fee on the proceeds [4]