Announcement • Feb 24
MMEX Resources Corp. Receives Approval of the Texas Commission on Environmental Quality to Build Its Pecos County, West Texas Ultraclean Refinery Project MMEX Resources Corp. received on February 18, 2022, the approval of the Texas Commission on Environmental Quality to build its Pecos County, West Texas UltraClean Refinery project. As noted in MMEX’s July 29, 2021 announcement, the company was able to expand the ultraclean fuels product flexibility with the facility being slated to produce finished transportation grade ultra-low sulfur diesel; 87 Regular, 87 Clear, and 93 Premium grades of gasoline, readily available to market on Interstate 10, the "transcontinental" highway traveling thru eight states from coast to coast. Rail capacity is expected to allow to reach Texas Gulf Coast and western U.S. markets to take advantage of clean fuels mandates and price advantages. Announcement • Jan 04
MMEX Resources Corporation announced that it has received $1.5 million in funding On January 3, 2022, MMEX Resources Corporation closed the transaction. The transaction included participation from 1 investor Announcement • Dec 24
MMEX Resources Corporation announced that it expects to receive $1.5 million in funding MMEX Resources Corporation announced that it has entered into a securities purchase agreement with the purchasers for issuing 1500 Series B Convertible Preferred Stock at an issue price of $1,000 and series D warrants to purchase up to an aggregate of 15,000,000 shares for gross proceeds of $1,500,000 on December 22, 2021. The company will convert the Preferred Stock into an aggregate of 15,000,000 shares of common stock at an initial conversion price of $0.10 per share and are subject to full ratchet anti-dilution protection and other customary adjustments for stock splits and similar transactions. The Series D warrants have an exercise price of $0.10 per share, will be immediately exercisable upon issuance, will expire on the fifth anniversary from the issuance date and are subject to full-ratchet anti-dilution protection and other customary adjustments for stock splits and similar transactions. The closing of the Offering is expected to occur on or about December 28, 2021, subject to satisfaction of customary closing conditions.