STW Resources Holding Corp. (OTC: STWS) closed on expansion capital of $2 million for its STW Oilfield Construction Division.
The new capital has been provided by Joshua C. Brooks, who has joined STW as vice president of operations. Brooks, a veteran of the construction and energy industry, will participate in business development, management of the STW construction fleet as well as construction projects.
Brooks has funded the first stage of STW Oilfield Construction through a revenue participation note, an operating credit line and credit facilities with three entities.
"Business is ...