T-Rex Oil confirms $6 million financing

T-Rex Oil Inc. (OTC: TRXO) confirms that a subscription agreement for the purchase of 2,800,000 shares of restricted common stock for funds totaling $6,020,000 has been received from NRC Holding LTD.

CEO Don Walford stated, "The closing of this financing will provide us with not just the ability to support ongoing operations and continue with the development of our existing properties, but it will also provide us with an opportunity to take advantage of the properties that are currently coming on to the market due to current industry conditions." 

T-Rex Oil Inc. is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources, with an emphasis on oil plays and with a focus on the US Rocky Mountain region

 

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