ORLANDO, FL / ACCESSWIRE / September 18, 2023 / Holiday Island Holdings, Inc. (OTC PINK:HIHI) recently completed a reverse-merger with XA Interactive, Inc., a prominent player in the secondary recovery oil and gas sector, is pleased to announce the successful securing of funding deals aimed at fueling the expansion of the company's oil and gas operations. The funding will be provided in stages, with an initial cash infusion to kickstart new drilling efforts.
'On the heels of our recent acquisition of Louisiana Onshore Exploration, we're excited to announce this funding opportunity, which we feel will be a pivotal moment in the growth trajectory of XA,' said Michael Prozer, Chairman of XA Interactive. 'The funding will provide the company with the necessary resources to directly develop and optimize our Texas based oil wells, help expansion efforts in our Louisiana locations, and provide additional financing over time.'
Controlled Capital played an essential role for XA in this financing. Controlled Capital CEO Josh Cohen expressed his enthusiasm about the collaboration, stating, 'We are proud to have provided guidance to XA Interactive in this funding, and working together to propel XA's growth initiatives in the energy sector. This showcases XA's developing market position and their dedication to driving innovation in the oil and gas industry.'
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About XA Interactive (OTC PINK:HIHI):
XA Interactive is a dynamic player in the secondary recovery oil and gas sector, focused on harnessing innovative solutions to unlock the hidden potential of energy resources. With a commitment to sustainable growth and operational excellence, XA Interactive is dedicated to making a positive impact within the industry.
About Controlled Capital:
Controlled Capital is a leading financial advisory firm specializing in energy transactions. With a wealth of experience and expertise, Controlled Capital provides strategic guidance and facilitates impactful partnerships and financing options within the energy industry.
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SOURCE: XA Interactive, Inc.
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