Western Standard Energy Corp. (WSEG.OB) Announces $15 Million Equity Investment
Western Standard Energy Corp., (WSEG.OB), an oil and gas exploration company, recently announced the signing of a $15 million Stock Issuance Agreement with Infinity Energy Investments to finance ongoing exploration and production strategies. Western Standard aims to secure and develop a portfolio of oil and gas properties throughout the central and western portions of the U.S. This agreement provides capital to Western Standard Energy Corp., rather than incurring new debt and thereby minimizing the immediate dilution effect that a large investment would bring. The investment funds will be paid in increments of $250,000 upon request by the company. This financing…
