Hertz Energy Announces Non-Brokered Private Placement to Raise Up to $1.61 Million
Hertz Energy has announced a non-brokered private placement offering aimed at raising up to $1.61 million in gross proceeds. The company plans to issue units through this financing, with part of the funds allocated for charity flow-through shares priced at $0.265 per unit. The fundraising is intended to support ongoing operations and exploration activities within Hertz Energy's portfolio. As a non-brokered offering, it bypasses traditional underwriters, potentially reducing costs associated with third-party involvement in capital raises.
Tickers: $HZLIF
Topics: capital raise private placement