ERHC Energy Incorporated, a publicly traded American company with oil and gas assets in Sub-Sahara Africa, on Friday, announced that the Company has commenced its previously announced rights offering.
The company in a statement made available to Sweetcrude, said that upon the effectiveness at the close of business last week of ERHC's prospectus supplement filed with the Securities and Exchange Commission, SEC, with respect to the rights offering, ERHC distributed on a pro rata basis to the holders of its common stock non-transferable subscription right on one for every three shares owned as of the close of business on the previously announced December 17, 2012.
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