LGX Energy
About this raise
LGX Energy is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company is rediscovering American oil using the latest 3D seismic technology. LGX Energy is engaged in the exploration and development of oil and gas properties, with principal properties located in Clay County, Indiana and many identified targets. Howard Crosby and John Ryan founded LGX Energy in 2021. The current crowdfunding campaign has a maximum target of $40 million. The campaign proceeds will be used for marketing and advertising, legal and accounting expenses, consultants for business development, lease acquisition costs, seismic and processing, drilling, working capital, and general and administrative expenses.
Investment Overview
Committed : $1,147,956
Deal Terms
- Platform
- Dalmore Group
- Start Date
- 08/14/2023
- Close Date
- Not Provided
$1,200
$40,000,000
$1,200
Equity - Common
Growth Stage
RegA+
$4.00
$82,006,664
Company & Team
Company
- Year Founded
- 2021
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/14/2025 | Dalmore Group | $82,006,664 | $1,147,956 | Equity - Common | Active | RegA+ |