ERHC Energy files $50 million shelf registration for stock, preferreds

By Devika Patel

Knoxville, Tenn., July 7 - ERHC Energy Inc. filed a $50 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers preferred stock, common stock, warrants and units.

The securities may be structured as convertibles.

Proceeds will be used to acquire or invest in working interests and other oil and natural gas businesses, properties, products and technologies. Also, proceeds may be used for general corporate purposes, including exploration and development activities, regulatory affairs expenses, capital expenditures, additions to working capital and general and administrative expenses.

Based in Houston, ERHC is an oil exploration company.

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