Houston Natural Resources Corp (HNRC)

[AveragePenny]

$HNRC ACQUIRES INTEREST IN CE ENERGY SPONSORS LLC

https://www.prnewswire.com/news-releases/hnrc-acquires-interest-in-ce-energy-sponsors-llc-301849340.html

HOUSTON, June 13, 2023 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNRC or the Company") provided an update on its strategy to invest and sponsor Special Purpose Acquisition Corporations ("SPACs"). HNRC confirmed today that it has acquired an interest in CE Energy Sponsors LLC.

CE Energy Sponsors, LLC is the sponsor of CE Energy Acquisition Corp ("CEAC") that has filed a registration statement for $100 million dollars special purpose acquisition corporation. CEAC intends to focus their search for a target business in the energy industry, but it hopes to identify a business with assets specifically used in exploring, developing, producing, transporting, storing, gathering, processing, fractionating, refining, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products in North America, Central and South America. CEAC may also pursue an acquisition opportunity in renewable energy which refers to energy from a source that is sustainable, such as wind, hydropower, geothermal or solar power. It intends to list in 2023.