Monday, June 10, 2013 11:38:59 AM
mail from David Clark
Texas Oil and Mineral, Inc., a Canadian Corporation
It is with deepest regrets that I inform you of the status of Texas Oil and Mineral, Inc., a Canadian corporation. The new IPO rules made it almost impossible for the company to be re-listed on the Frankfurt stock exchange without substantial money and assets. The company has neither. The company sought private investors and revenues from funding wells with its remaining cash in its last attempt to survive.
Because re-listing the company was no longer an option, and private investment was not attained, a decision was made to apply all available cash toward funding drilling prospects in an effort to create revenues to sustain the company. However, the last four well prospects that the company participated in have all been dry holes. Funding these drilling projects has entirely depleted the cash accounts with no success. All personnel have abandoned the company. Any remaining assets of the Canadian corporation have been disposed of to pay off company debts. No value remains for outstanding equity holders. Texas Oil and Mineral, Inc., a Canadian corporation and former public company, will be closed at the end of business Friday, June 7, 2013 without further notice.
David Clark
CEO
Texas Oil and Mineral, Inc.
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