By San Antonio Business Journal

EnerJex Resources Inc. has purchased oil-related assets in South Texas and Eastern Kansas and minority equity interests in two publicly traded companies for $25 million.

San Antonio-based EnerJex bought the assets through the issuance of $18.3 million of common stock at a price of 40 cents per share, $4.8 million of newly authorized EnerJex Series A preferred stock with a conversion price of $1 per share, and $1.5 million in cash. C.K. Cooper & Company served as financial advisor in these transactions.

EnerJex (OTCBB: ENRJ) is an oil and gas exploration company with operations in Eastern Kansas and South Texas.

For more information, visit this link.

www.enerjexresources.com

Copyright 2011 American City Business Journals

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