Houston American Energy Corp. Announces Closing of Private Placement and New Leadership to Boost Growth & Transformation
Summary
Mr. Terwilliger will provide advisory services to the company for a limited period of time to effect an orderly transition. Peter served as CFO, and CIO at a number of its subsidiaries including UTC Aerospace Systems, Pratt & Whitney, Sikorsky, & Hamilton Sundstrand.Peter Longo: Houston American Corp. has a long history in the oil & gas sector. I am honored to be in a position to help drive shareholder value as we embark on this new period of transition and growth for Houston American Corp. The funds received in the private placement will enable us to explore opportunities to add to our portfolio. Forward-looking information in this news release includes statements about: the use of the net proceeds of the offerings and the next stages of the Companys commercial activities.With respect to the forward-looking information contained in this news release, the company has made numerous assumptions.