HNRC OUTLINES SPAC
HOUSTON, TX -- April 21, 2022 --
InvestorsHub NewsWire -- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNRC or the Company") outlined
today its strategy to invest and
sponsor Special Purpose Acquisition Corporations
("SPACs") in 2022
The company intends to sponsor one SPAC investment in each
quarter of 2022.
sponsored a successful $86 million NYSE listing of an energy
focused SPAC during the first quarter of 2022. The company is
currently focused on a second energy focused SPAC to be listed by
the end of the second quarter. HNRC is currently evaluating six
other SPAC opportunities for listing in the third and fourth
quarter of 2022.
will result in a dividend to its shareholders, after the lock up
period has expired, on each of the SPAC investments. This would
provide quarterly dividends through the end of 2023.
expects to realize at least $3m on each of its
SPAC investments to be
added to its existing earnings in 2022 and
could provide shareholders with more than $0.30c per share in
is evaluating sponsoring other energy focused SPACS, including
traditional oil and gas, renewable energy and waste to energy
About Houston Natural Resources
Houston Natural Resources Corp (www.hnrcholdings.com)
The company is a diversified
holding company with business
operations and investments. The portfolio companies include
investments in energy, information technology and
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties.
Houston Natural Resources Corp
Houston Texas USA.
Phone: (757) 707-4563