Houston Natural Resources Corp Updates Shareholders HOUSTON, Jan. 3, 2024 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company") updated shareholders with a summary of its recent business developments, significant achievements, as well as providing some insight for 2024 and beyond.
The company has filed for a name change to Cunningham Natural Resources Corp, a symbol and CUSIP change that has been filed with FINRA having recently completed the acquisition of a 100% interest in Cunningham Energy, LLC ("CE" or "Cunningham Energy"), increasing HNRC's net asset value (NAV) by $1.70 Per Share.
Cunningham Natural Resources Corp will be focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy. Cunningham Energy has completed the prior two years of audited statements for a listing on the NASDAQ or NYSE in 2024 with an underwriting commitment of $10 million dollars. The company has also filed a restructuring to meet qualifications for a national exchange that is expected to be completed in the first quarter of 2024. All other requirements for uplisting will be submitted upon completion of regulatory review. The company looks forward to great success on a greater exchange where shareholder value can be maximized with potential dividends in place for 2024.
The company completed an asset spinoff dividend to shareholders of Worldwide Diversified Holdings, Inc. ("WDHI") a majority owned subsidiary of HNRC and filed with the SEC for registration for the shares to be traded in the first quarter of 2024.
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