HOUSTON, June 10, 2021 /PRNewswire/ -- Houston
American Energy Corp. (NYSE American: HUSA) today announced that it
plans to adjourn its annual meeting of stockholders (the "Annual
Meeting"), originally scheduled to be held on June 15, 2021, at 10:00
a.m., central time, until Thursday,
July 22, 2021 at 10:00 a.m., central
time.
No changes have been, or are expected to be, made to the record
date or the proposals to be brought before the Annual Meeting,
which proposals are presented in the previously distributed proxy
statement. The Company has determined to adjourn the Annual
Meeting in order to provide additional time to solicit proxies with
respect to the proposals presented to the stockholders for
approval, including specifically Proposal 2 to amend the Company's
certificate of incorporation to increase the Company's authorized
shares from 12,000,000 to 20,000,000 shares. Although nearly
90% of the shares represented by proxies received to date have
approved Proposal 2, the number of votes in favor of the proposal
has yet to reach a majority of the Company's outstanding common
stock, which is required for passage.
The Company's board of directors recommends a vote in favor of
Proposal 2 for the reasons described in the proxy statement,
including the need to have sufficient authorized common stock in
order to permit the future issuance of common stock to support the
growth and expansion of the Company.
The Company encourages any stockholder that has not yet voted
its shares or is uncertain if their shares have been voted to
contact their broker or bank. The board of directors and management
respectfully requests stockholders as of the record date,
April 26, 2021, to please vote their
proxies as soon as possible. Stockholders who have previously
submitted their proxy or otherwise voted for the Annual Meeting and
who do not want to change their vote need not take any action.
About Houston American Energy Corp.
Based in Houston, Texas,
Houston American Energy Corp. is a publicly-traded independent
energy company with interests in oil and natural gas wells,
minerals and prospects. The company's business strategy includes a
property mix of producing and non-producing assets with a focus on
the Permian Basin in Texas,
Louisiana and Colombia.
For additional information, view the company's website at
www.houstonamerican.com or contact Houston American Energy Corp. at
(713) 222-6966.
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SOURCE Houston American Energy Corp.