Puissant Industries, Inc. Signs Agreement with Placement Agent Seeking to Secure $10 million in Investment Capital
16 1월 2014 - 12:23AM
Business Wire
Puissant Industries, Inc. (OTCQB: PSSS) (the “Company”) is
pleased to announce that it has signed a Placement Agent Agreement
with Carter, Terry & Company (“Carter Terry”), a registered
broker-dealer based in Atlanta, Georgia. The Agreement states that
Carter, Terry will be acting as the Company’s Financial Adviser,
Investment Bank and Placement Agent on a “best efforts” basis in
connection with investment capital up to $10,000,000 in multiple
closings for which it will receive securities and cash
compensation.
Mark E. Holbrook, the Company’s Chief Executive Officer
commented that: “We are pleased to have Carter, Terry as our
Financial Adviser. Should Carter Terry be successful in securing
$10,000,000 of financing, we intend to use the funds predominately
for drilling and completion of 150 to 200 strategically placed
Devonian shale wells and construction of an NGL (Natural Gas
Liquids) plant.
About Puissant Industries, Inc.
Puissant Industries, Inc. is engaged in oil and gas exploration
and development activities in fractured shale formations located in
Eastern Kentucky. Puissant’s business strategy is to grow its
reserves, production and cash flow on a cost-efficient basis. The
key elements of this business strategy include:
• Developing and exploiting Puissant’s existing properties with
a multi-year drilling program in the Appalachian Basin Devonian
Shale;
• Maintain long-life reserve base by focusing on acreage
acquisition and development activities on resources that target
long-life gas and oil reserves;
• Use a disciplined financial approach to be financially strong,
yet flexible, through the prudent management of our balance sheet
and active management of commodity price volatility.
Disclaimer
Statements made in this press release that express the Company
or management’s intentions, plans, beliefs, expectations or
predictions of future events, are forward-looking statements. The
words “believe,” “expect,” “intend,” “estimate,” “anticipate,”
“will” and similar expressions are intended to further identify
such forward-looking statements, although not all forward-looking
statements contain these identifying words. Those statements are
based on many assumptions and are subject to many known and unknown
risks, uncertainties and other factors that could cause the
Company’s actual activities, results or performance to differ
materially from those anticipated or projected in such
forward-looking statements. For a discussion of these risks, see
the Company’s Form S-1, which may be reviewed at www.sec.gov. In
addition, you should review the Company’s periodic reports that are
available at www.sec.gov. The Company cannot guarantee future
financial results, levels of activity, performance or achievements
and investors should not place undue reliance on the Company’s
forward-looking statements. No information contained in this press
release should be construed as any indication whatsoever of
whether: (a) Carter Terry & Company will be successful in
securing any investments for the Company; (b) any investments
secured for the Company will have any positive effect upon the
Company’s future financial performance, future revenues or its
future stock price; and (c) whether the Company will be successful
in drilling and completing any Devonian shale wells or in
constructing a natural gas liquids plant. The forward-looking
statements contained herein represent the judgment of the Company
as of the date of this press release, and the Company expressly
disclaims any intent, obligation or undertaking to update or revise
such forward-looking statements to reflect any change in the
Company’s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are
based.
Contact:For Puissant Industries, Inc.:Frank BenedettoMirador
Consulting LLC(561) 989-3600
For Puissant Industries, Inc.Mirador Consulting LLCFrank
Benedetto, (561) 989-3600
Puissant Industries (CE) (USOTC:PSSS)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Puissant Industries (CE) (USOTC:PSSS)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
