GulfSlope Energy, Inc announced that it has received $0.055 million in funding from 1800 Diagonal Lending, LLC
October 09, 2022
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GulfSlope Energy, Inc announced a private placement of approximately 12 convertible promissory notes at an issue price of $55,000 for gross proceeds of up to $650,000 on October 10, 2022. The transaction will include participation from 1800 Diagonal Lending, LLC. The notes are convertible into shares of common stock, $0.001 par value per share. The notes have an annual interest rate equal to 8%.
On the same date, the company received its first tranche. The company issued one convertible promissory note for gross proceeds of $55,000.
GulfSlope Energy, Inc. (GulfSlope) is an independent oil and natural gas exploration company. The Company's interests are concentrated in the United States Gulf of Mexico federal waters offshore Louisiana. The Company has under lease one federal Outer Continental Shelf block and licensed three-dimensional (3-D) seismic data across its area of concentration. It uses its licensed approximately 2.2 million acres of advanced 3-D seismic data to identify, evaluate, and acquire assets with economic profiles. The Company uses its regional seismic database and its reprocessing efforts to generate oil and natural gas prospects. GulfSlope gives preference to areas with water depths of 450 feet or less where production infrastructure already exists. The Company does not have any production or proved oil or natural gas reserves. The Company has not generated any revenues.
GULFSLOPE ENERGY, INC 
