Texas South takes in $202,500 through private placement of its shares

Company sells 10,125,000 common shares at $0.02 apiece through deal

By Devika Patel

Knoxville, Tenn., Sept. 12 – Texas South Energy, Inc. completed a $50,000 tranche of a $202,500 private placement of stock on Aug. 1, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal raised $12,500 on June 17 and $140,000 on July 29.

The company sold 10,125,000 common shares at $0.02 per share.

Proceeds will be used for general corporate purposes.

The energy company is based in Houston.

Issuer:	Texas South Energy, Inc.
Issue:	Common stock
Amount:	$202,500
Shares:	10,125,000
Price:	$0.02
Warrants:	No
Settlement date:	June 17 (for $12,500), July 29 (for $140,000), Aug. 24 (for $50,000)
Stock symbol:	OTCBB: TXSO
Market capitalization:	$26.57 million

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.