HNRC - Houston Natural Resources acquires interest in CE Energy Sponsors
2023-06-13 08:33:38 ET
- Houston Natural Resources ( OTCPK:HNRC ) has provided an update on its strategy to invest and sponsor Special Purpose Acquisition Corporations, by acquiring an interest in CE Energy Sponsors.
- HNRA recently announced its affirmation of intent to acquire Pogo Resources and its subsidiaries for $120M.
- This strategy will result in a dividend to its shareholders, after the lock up period has expired, on each of the SPAC investments, which would provide cash and/or stock dividends in 2023 and 2024.
- The company expects to realize at least $3M on each of its SPAC investments to be added to its existing earnings in 2023 and 2024.
- The company has completed the spin off dividend of its non-energy assets, effective May 26, 2023, into Worldwide Diversified Holdings, which is expected to be filed this month and begin trading in Q3 2023.
For further details see:
Houston Natural Resources acquires interest in CE Energy Sponsors