This offering is conducted under Rule 506(c) of Regulation D and is available exclusively to accredited investors whose status has been verified. Generally, an accredited investor is an individual with income exceeding $200,000 in each of the two most recent years ($300,000 jointly with a spouse or spousal equivalent) with a reasonable expectation of the same this year, or net worth exceeding $1 million excluding a primary residence, or a holder of certain professional licenses (Series 7, 65, or 82). Certain entities also qualify. Full criteria are set out in the PPM. Request the PPM through Regiment Securities, our investment banking partner.
The minimum investment is $30,000. Full subscription details are set out in the Private Placement Memorandum. Request the PPM through Regiment Securities, our investment banking partner.
Request the PPM through Regiment Securities, our investment banking partner. After your accredited status is verified, the PPM is delivered and our investor relations team follows up to answer questions.
Rule 506(c) requires the Company to take reasonable steps to verify accredited status before any sale. Verification is typically completed through income or net-worth documentation reviewed by a qualified third party, or a written confirmation from your CPA, attorney, or registered investment adviser. To begin, Request the PPM through Regiment Securities, our investment banking partner.
In many cases, yes. Traditional, SEP, and Roth IRAs, along with certain former-employer 401(k), TSP, and 403(b) accounts, may be eligible for a tax-advantaged investment through a self-directed IRA custodian. Tax treatment depends on your circumstances; consult your tax advisor. LGX Energy and Regiment Securities do not provide tax advice.
No. This is a private placement of restricted securities. There is no public market for the shares, no assurance that a market will develop, and no assurance of any liquidity event. Investors should be prepared to hold their investment indefinitely.
An investment in LGX Energy is speculative and involves a high degree of risk, including the possible loss of your entire investment. Oil and gas exploration carries geological, operational, commodity-price, and regulatory risks, among others. The risk factors section of the PPM governs and should be read in full. Request the PPM through Regiment Securities, our investment banking partner.
The offering timeline is detailed in the PPM. Request the PPM through Regiment Securities, our investment banking partner.
LGX Energy Corp. is an oil and gas exploration and development company operating in southwestern Indiana, within the Illinois Basin. We use modern 2D and 3D seismic imaging to identify drilling locations in a proven oil trend that historically saw little seismic coverage. Learn more on our About page.
Proven, undeveloped oil pay zones; shallow reserves that support accurate, lower-cost drilling; and a business-friendly environment where permits can be secured in as few as 30 days. The USGS estimated in 2007 that the Illinois Basin holds roughly 4.1 billion barrels of recoverable oil remaining. See the full opportunity overview on our home page.
Most historical drilling in the region relied on sparse well data. LGX holds over 400 miles of 2D seismic lines across six counties and shoots targeted 3D surveys on its best prospects, pinpointing well locations before drilling and reducing dry-hole risk. More on our approach is on the About page.
A team with 150+ years of combined experience led by founder and CEO Howard Crosby, whose prior company Cadence Resources grew from under $1 million to over $400 million in market capitalization before its acquisition. Past performance of prior ventures is not indicative of LGX results. Full bios are on our About page.
Three steps: our team confirms receipt and begins accreditation verification; once verified, the PPM is delivered; you review with your advisors and, if you choose to proceed, complete subscription documents with our team. Ready to start? Request the PPM through Regiment Securities, our investment banking partner.
LGX investor relations is led by Beth Swanson as your primary contact from first inquiry through funding, supported by the Regiment Securities team including Dean DeLisle (dean.delisle@regimentsecurities.com) and Cat (O’Connor) Buxton (cat@regimentsecurities.com).
