MMEX Resources enters $1.5M securities purchase agreement for Series B preferred stock and warrants

MMEX Resources Corp

Gross proceeds of $1.5 million from sale of 1,500 shares of Series B Convertible Preferred Stock at $1,000 stated value per share.
Series B Preferred Stock convertible into 15,000,000 common shares at $0.10 per share, subject to full ratchet anti-dilution.
Issued Series D warrants to purchase up to 15,000,000 common shares at $0.10, exercisable for five years.
Reduced exercise price of existing Series A Warrants to $0.0001 and issued additional Series B/C warrants to the same investor.
Net proceeds to be used for hydrogen and ultra-low sulfur fuel projects combined with CO2 capture, and working capital.

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