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Texhoma Energy Signs LOI With Southridge Partners II LP

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July 1, 2014

Texhoma Energy Inc. (OTC: TXHE) signed a letter of intent with institutional investor Southridge Partners II LP for an equity purchase agreement of $5 million, the company said July 1.

The equity purchase agreement would “create significant growth capital” for the company, Texhoma said.

Under it, Texhoma will sell up to $5 million in common stock to Southridge at a price lower than the trading price, the company said.

Texhoma will file an S-1 with the Securities and Exchange Commission, the company said.

"We are pleased to be partnering with ...

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