HNRC ANNOUNCES WDHI LISTING AND
DIVIDEND UPDATE
HOUSTON, TX -- February 24, 2023 -- InvestorsHub NewsWire --
Houston Natural Resources Corp. (OTC:
HNRC) ("HNRC or the Company") has hired an attorney to
file an SEC registration statement on behalf of its subsidiary
Worldwide Diversified Holdings, Inc ("WDHI") for a public listing.
The anticipated target listing price will be $3.50 per share. The
shares in the previously announced spin-off of the non-energy
assets included in the dividend program will be registered for
trading on the open market. With a target listing of $3.50 per
share, each HNRC shareholder will be issued one WDHI common share
for every two HNRC common shares that were shareholders of record
on December 16, 2022 equivalent to a $ 1.75 per HNRC common
share stock dividend.
On December 5, 2022, HNRC filed the corporate action for
review by FINRA to allow the company to issue the stock dividend of
one WDHI shares for every two shares of HNRC held by the
shareholder on the record date. FINRA has responded and HNRC has
been consistently corresponding to complete this review process.
The company will continue to keep its shareholders informed
regarding this dividend event.
The company has also signed an agreement with an underwriting firm
to complete an up listing for HNRC on to a major exchange in 2023.
The $10 million dollar underwriting commitment for working capital
to fund current operations, expansion and acquisitions.
HNRC expects
to exceed their annual projections for the year ending 2022. The
expected increase in 2022 revenue from $18,217,737 in 2021
and $9,523,634 in
2020.The expected increase in earnings for year ended
in 2022 compared
to $7,636,830 in
2021 and $2,973,320 in
2020.
The company intends to focus on realizing the value on the total of
$1.15 per share in current appraised energy assets held by its
subsidiaries for the benefit of the shareholders.
The company
is evaluating additional acquisitions in the energy and energy
services industry to provide value for shareholders.
About Houston Natural Resources
Corp
Houston
Natural Resources Corp (www.hnrcholdings.com)
(OTC:HNRC).
The company is a diversified holding company with business
operations and investments. The portfolio companies include
investments in energy, information technology and
healthcare.
FORWARD-LOOKING
STATEMENTS:
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.
Contact:
Houston Natural Resources Corp
E-mail: frank@hnrcholdings.com
Houston Texas USA.
Phone: (757) 707-4563
