Mexco Energy purchases natural gas properties

Mexco Energy Corp.

Mexco Energy Corp. (NYSE MKT: MXC) has purchased various non-operated working interests at a price of $840,000 covering 70 wells in five counties of Oklahoma.

These and other expenditures have been funded through cash flow and bank borrowings on Mexco's line of credit which totals $5,750,000 to date. The company's debt-equity ratio based on current debt, and equity as of Sept. 30 is 42%.

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