Houston American Energy Corp. (NYSE: HUSA) announced that it has closed on its previously announced registered direct equity offering of 14,814,815 units at $0.675 per unit, with each unit consisting of one of the company's common shares, one class A warrant to purchase one-half share of common stock and one class B warrant to purchase one half share of common stock, for gross proceeds of approximately $10 million.

C. K. Cooper & Company Inc. acted as placement agent for the offering.

Houston American Energy Corp. intends to use the proceeds ...