ERHC Energy Inc. has reported the intensification of fund raising for its exploration programs in highly prospective acreages in East, Central and West Africa. ERHC is seeking finance from equity issuances to existing and new shareholders as well as from appropriate debt instruments and other arrangements.

To facilitate the fund raising, ERHC's Board of Directors has passed resolutions to amend the Company's Restated Articles of Incorporation to increase the number of authorized shares of Common Stock from 950 million to 3 Billion and to authorize the Company's Board to create and issue, from shares of preferred stock currently authorized, one or more classes or series of preferred stock.

Tags: ERHC Energy Inc.