Foothills Exploration (OTCMKTS:FTXP) filed a Form D after market hours stating they raised cash in a debt financing.
Foothills Exploration, FTXP has had a wild ride so far in April gaining 200% then giving it all back. Volume Wednesday was a very heavy 484 million shares well above its 30-day trading average. Potential pivot points for investors to keep an eye on are .007 and .009 above and .0035 and .0021 below.
FORM D Highlights
Notice of Exempt Offering of Securities
Type(s) of Securities Offered (select all that apply)
X Debt X Other Convertable Debt with Warrants and Shares
Total offering amount $535,000
Back on April 6th FTXP announced they are focused on becoming compliant and upgrading to the Pink Sheet Current tier on the OTC markets reporting under the Alternative Reporting Standard Guidelines. This is the first in a series of steps the Company is undertaking towards ultimately upgrading its listing back onto the OTCQB. Once the Company obtains OTC Markets’ anticipated approval, it intends to begin filing its financial statements in sequential order as each is completed and expects to perform all necessary filings to become “current” within the next 60 days.
Once the Company is current with its required filings and disclosures, it expects to aggressively pursue several business opportunities that will enhance its business model in 2021, while continuing to build itself as an oil and gas exploration company focused on the transformation of energy to low-carbon energy sources.
Foothills Exploration, Inc. is an oil and gas exploration company focused on natural gas exploration and participating in the global energy transition. The Company’s principal asset located in the Wind River Basin, Wyoming, consists of approximately 16,000 acres of highly prospective development acreage. The Company’s initiative is to generate high-impact exploration projects focused on natural gas.