Houston American Energy Corp. (NYSE MKT: HUSA) announced that it has engaged Canaccord Genuity Inc . to act as its advisor in connection with its exploration of strategic alternatives for the Company. As previously announced, the Company intends to evaluate a broad range of financial and strategic alternatives, including, but not limited to, seeking additional financing to support the long-term development of its oil and gas properties, seeking financial and/or industry partners to participate in the development of its properties, selling some of or all of the Company's assets or interests in those assets, and the possible sale of the Company, among other alternatives.
No decision has been made to enter into a transaction at this time, and there can be no assurance the Company will enter into a transaction in the future. The Company does not plan to disclose or comment on developments regarding the strategic review process until it is complete or further disclosure is deemed appropriate.