Direct Exchange Listing with Equity Line of Credit (ELOC)

This listing presents an opportunity for companies seeking to access institutional capital through a Direct Exchange Listing facilitated by an Equity Line of Credit (ELOC). An ELOC is described as a sophisticated financial instrument offering flexibility and cost-effectiveness for companies planning to go public. The facility allows for withdrawals up to $750 million in tranches, with typical terms including a 36-month duration. The purchase price is generally determined by a discount to the volume-weighted average price (VWAP) of the company's common stock. An investor fee, typically ranging from 2-4%, is also part of the agreement. While the listing mentions 'Oil & Gas Property Details' in its categorization, the core offering is the ELOC facility itself, designed to provide funding for companies pursuing a direct listing.