DALLAS, Jan. 13, 2014 /PRNewswire/ -- TransCoastal
Corp (OTCQB: TCEC), (the Company), an independent energy
development company, announced today that it has entered an
exclusive engagement with Crescent Securities Group Inc., of
Dallas, TX, a licensed FINRA
broker dealer, to fund a $10 million
preferred stock offering on a best efforts basis. The closing of
the engagement is subject to customary due diligence and all
necessary approvals.
"We are very pleased to engage Crescent to assist us in our next
financing phase. Crescent has a deeply established record of
success and we are excited to work with them to achieve our goals,"
said Stuart Hagler, CEO of
TransCoastal.
About TransCoastal:
TransCoastal Corporation is an
independent oil & gas company formed in August 1998 and headquartered in Dallas, Texas. Since inception, TransCoastal's
growth has focused on the acquisition of producing oil and gas
properties. The Company's strategy is driven by exploitation
opportunities of proven yet underdeveloped mature oil and gas
fields, which possess long-life reserve potential with low risk
development opportunities. For further information on the Company,
please visit TransCoastal's website at www.TransCoastal.net.
This press release is not an offer to sell securities nor is it
soliciting an offer to buy any securities in any state where the
offer or sale is not permitted.
Notice Regarding Forward-Looking Statements
This news
release contains "forward-looking statements" (statements which are
not historical facts) made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on current expectations rather
than historical facts and they are indicated by words or phrases
such as "anticipate," "could," "may," "might," "potential,"
"predict," "should," "estimate," "expect," "project," "believe,"
"plan," "envision," "continue," "intend," "target," "contemplate,"
or "will" and similar words or phrases or comparable terminology.
We have based such forward-looking statements on our current
expectations, assumptions, estimates and projections. While we
believe these expectations, assumptions, estimates and projections
are reasonable, such forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
and other factors that may cause actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements, many of which are beyond our control.
These factors include, but are not limited to, the timing and
extent of changes in market conditions and prices for natural gas
and oil; the timing and extent of the company's success in
discovering, developing, producing and estimating reserves; the
economic viability of, and the company's success in drilling, the
company's ability to fund the company's planned capital
investments; the company's future property acquisition or
divestiture activities; increased competition; and any other
factors listed in the reports the company has filed and may file
with the Securities and Exchange Commission (SEC). Investors are
cautioned not to place undue reliance on these forward-looking
statements, which are valid only as of the date they were made. The
Company undertakes no obligation to update or revise any
forward-looking statements to reflect new information or the
occurrence of unanticipated events or otherwise.
SOURCE TransCoastal Corporation