STW Resources Holding Corp. (OTC: STWS) received a $2 million line of credit through financings from Black Pearl Energy, which is controlled by STW Resources executives, the company said March 6.
STW Resources Holding drew down $1 million initially from this amount, the company said.
Through Black Pearl, STW Resources’ CEO Stanley Weiner, chief operating officer Lee Maddox and director Grant Seabolt guaranteed the line of credit to STW Resources Holding Corp., the company added.
"STW's growth has far exceeded our expectations. We are pleased to have these new funding ...