SAN MARCOS, Texas, June 14, 2017 (GLOBE NEWSWIRE) — Baron Energy Inc. (OTCPK:BROE) (“Baron” or the “Company”), an independent energy company based in San Marcos, Texas, has engaged CTX Equity Partners, LLC (“CTX”) to assist in a major growth capital raise.
Ronnie L. Steinocher, President and CEO, said, “We are pleased to engage CTX to assist with our growth capital requirements. This capital will provide funds to accelerate our South Texas Project (STX) by making more bolt-on acquisitions, completing production enhancement programs, and drilling new wells. These funds should allow us to fully complete our 2017-2019 work programs and advance to our STX 2019 Exit.”
About Baron Energy Inc.
Baron Energy Inc. is an independent energy company 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 CTX-Capital.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 about RWI, please visit RWI-Securities.com.
In addition to historical information contained herein, this news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company’s actual results to differ materially from those in the “forward-looking” statements. While the company believes its forward-looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company’s control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.
CONTACT:Lisa P. Hamilton
Executive Vice President and CFO