ERHC Energy Inc (ERHE)

[2IRAs]

From Mercom. They intend to sell more shares to raise money.

"While the directors intend to take into account funds available for investment when assessing the amount of any investment and the spread of investments, it is not proposed that there be any maximum investment limit.

The Company will require additional funding as investments are made and new opportunities arise. The directors may offer new Ordinary Shares in the Company by way of consideration, as well as cash, thereby helping to preserve the Company’s cash resources for working capital. The directors do not intend to acquire any cross-holdings in other corporate entities that have an interest in the Company’s Ordinary Shares."