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Formation Minerals, Inc. Announces $1,000,000 Common Stock Purchase Agreement with Alumni Capital, LP

Jan 21, 2025over 1 year ago

Contract Type

agreement

Las VegasHealthcareOil And Gas

Description

Formation Minerals, Inc. has entered into a Common Stock Purchase Agreement with Alumni Capital, LP to raise up to $1,000,000. Under the terms of the agreement, the Company has the right to sell a number of shares of its common stock to Alumni, subject to certain limitations.

Company Information

Company

FORMATION MINERALS

Location

4730 S. FORT APACHE RD.

Las Vegas, Nevada, United States

About

Haynesville Shale Minerals refers to the producing mineral interests in Bienville Parish, Louisiana. The property is located in the Haynesville Shale and is currently operated by Texas based Aethon Energy Management LLC. The area has 3 producing oil wells with pre-permits filed for an additional 6-9 oil wells, and Aethon is currently drilling in the immediate area.

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