ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last year, ERHC has acquired additional exploration blocks in Chad and Kenya to complement its existing offshore blocks in the Joint Development Zone offshore São Tome and Principé. During October 2012, ERHC received formal shareholder approval to increase the
A recommendation to increase the number of any company’s authorized shares of common stock from 950 million shares to three billion shares would make anyone read the fine print. Back in August, ERHC Energy Inc. (ERHE), a publicly traded American company with oil and gas assets in West Africa and East Africa, submitted a plan to significantly intensify its fundraising
In an effort to increase capital availability and financial flexibility, ERHC Energy (OTCBB: ERHE) announced its Board of Directors approved resolutions amending the company’s Restated Articles of Incorporation to increase the number of authorized shares and to create or issue one or more classes of preferred stock from shares of currently authorized preferred stock. This is a signal the company
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