SAN MARCOS, TEXAS, May 24, 2017 – Baron Energy Inc. (OTC Pink Sheets: BROE) (“Baron” or the “Company”), an independent, growth-oriented, crude oil and natural gas company based in San Marcos, Texas, has engaged CTX Equity Partners, LLC (“CTX”) to assist the Company in a substantial growth capital raise.
Ronnie L. Steinocher, Chairman, President and CEO, said, “We are pleased to have engaged CTX Equity Partners to assist with our growth capital requirements. This capital raise will provide funding to accelerate our South Texas Project by making additional producing property acquisitions, completing production enhancement programs, and drilling new development wells. This funding, when combined with project cash flows, should allow us to fully complete our 2017-2019 planned work programs.”
Additional information on Baron’s South Texas Project can be found on the Company’s website or by contacting the Company directly.
About Baron Energy, Inc.
Baron Energy Inc. is an independent, growth-oriented, crude oil and natural gas company based in San Marcos, Texas, acquiring and operating producing properties in South Texas.
For more information, please visit BaronEnergy.com.
About CTX Equity Partners, LLC
CTX Equity Partners, LLC (“CTX”) is a privately-held boutique Investment Banking and Business Advisory firm located in Austin, Texas. CTX partners with startup and middle market companies to provide them with foundational Business Advisory and Investment Banking services. Certain CTX representatives maintain securities licensing with, and conduct securities transactions through, Reliance Worldwide Investments, LLC (“RWI”). Check the background of registered investment professionals at FINRA’s BrokerCheck.
For more information, please visit CTXEquityPartners.com.
About Reliance Worldwide Investments, LLC
RWI is a privately-held independent Broker-Dealer. It is headquartered in the greater Chicago, Illinois area, with affiliated independent Registered Representatives and Investment Banking Representatives located across the United States. RWI is a member of FINRA and SIPC; and registered with the SEC, MSRB, and in applicable states. RWI assumes no responsibility, or liability, for the contents of this press release or any referenced or linked website(s); nor should it be presumed to be RWI’s view or an implied endorsement. Check the background of this Broker-Dealer and its registered investment professionals at FINRA’s BrokerCheck.
This communication does not constitute an offer to sell or the solicitation of an offer to purchase any security or invest in any private placement.
For more information, please visit RWI-Securities.com.
Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at SEC.gov.
The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACT:Lisa P. Hamilton
Executive Vice President and CFO