LAS VEGAS, NV -- (Marketwire) -- 03/21/13 -- Northumberland Resources, Inc. (OTCQB: NHUR) is pleased to announce that the funding commitment received in 2012 has been extended through March of 2014. In late January 2012, Northumberland Resources, Inc. received the first tranche of $500,000 of a $3,000,000 financing commitment from an International Institutional Investor. These funds were used to support continued operations and expand the current oil production on its current leases and acquire additional proven producing properties. Since 2011 the Company has raised over $1.2 million dollars in cash from sales of its securities in private offerings. These funds have been used to expand operations and acquire additional oil leases.
About Northumberland Resources
Northumberland Resources is a fully reporting company quoted on the OTCQB under the symbol NHUR. Northumberland Resources has continued to implement a highly focused, risk-averse oil and gas exploration company with a strategy of building a substantial portfolio of oil and gas assets in the onshore United States. Additional data on the Company is available through its website at northumberlandresources.com.
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. A complete "SAFE HARBOR: Disclosure" is listed on the Company's Website www.northumberlandresources.com under "Investor Relations"
Most Popular Stories
- Fantasy Football Gambling Industry Facing Increased Legal Scrutiny
- As States Legalize Pot, Will Traffic Deaths Rise?
- NATO Plans High-Readiness Force to Counter Russia
- 'Guardians of the Galaxy' Conquers the North American Box Office with $16.3M
- Obama Promoting Economic Gains As Elections Near
- GE Capital and Petters-Related Fund in Legal Battle
- California Conservation Conundrum: Water Use Varies Greatly Across State
- Combating Online Abuse Not Easy for Gamers
- Even With Surly 2014 Electorate, It's 'Still an Incumbent's World'
- Feds Want Nuclear Waste Train, but Nowhere to Go