Friday, May 22, 2015 10:19:53 AM
BROOMFIELD, Colo., April 29, 2015 /PRNewswire/ -- T-Rex Oil, Inc. (OTC: TRXO), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an emphasis on oil plays and with a focus on Rocky Mountain region, today announced that a subscription agreement for the purchase of 2,800,000 shares of restricted common stock for funds totaling $6,020,000 had been received from NRC Holding, LTD.
"The closing of this financing will provide us with not just the ability to support ongoing operations and continue with the development of our existing properties, but also will provide us with an opportunity to take advantage of the properties that are currently coming on to the market due to current industry conditions," stated Don Walford, CEO.
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