HOUSTON, Oct. 10, 2012 (GLOBE NEWSWIRE) -- Shareholders of ERHC Energy Inc. (OTCBB:ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, have voted overwhelmingly in favor of the Company's proposals that will enable fund raising for oil and gas exploration in the Company's highly prospective acreages in East, Central and West Africa. At a shareholders' meeting held in Houston on October 9, 2012 to consider the proposals, ERHC's management announced plans to raise up to $45 million for exploration work programs in Kenya's Block 11A and Chad's BDS 2008.
ERHC Energy Inc. Shareholders Approve Plan To Fund Accelerated African Oil Exploration Programs
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts