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Elephant Oil Corp Files IPO Registration Statement -Breaking

by Mike Robinson

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© Reuters Elephant Oil Corp (ELEP) Files IPO Registration Statement

Elephant Oil Corp. (ELEP), filed for an IPO. Units will be offered by the company, consisting of one common share and one warrant to buy one share.

According to the company’s website, “We are an independent oil-and gas exploration stage company led by an experienced management team and technical staff that is focused on areas in Africa underexploited.” The Republic of Benin has an exploration licence (Benin) and the Republic of Namibia, (Namibia), are part of our current portfolio. At the time of writing this prospectus we had not yet drilled any new wells. The Company is also continuing to look at other assets that could be used for growth.

EF Hutton will be the sole underwriter.

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