NG ENERGY ANNOUNCES CLOSING OF $35,000,000 PRIVATE PLACEMENT OF SENIOR SECURED COVERTIBLE DEBENTURE UNITS AND CFO APPOINTMENT
Summary
Most recently, Mr. Fonseca served as Structure Trade Finance Director for the oil bench in Europe, the Middle East and Africa for British Petroleum. A copy of the Early Warning Report filed by Mr. Iacono may be obtained from the Companys SEDAR profile.Pursuant to the Offering, Mr. Frank Giustra and an entity related to him directly and indirectly subscribed for Debenture Units in the principal amount of $2,000,000. A copy of the Early Warning Report filed by Mr. Giustra may be obtained from the Companys SEDAR profile.Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the closing of the Offering will be subject to a four (4) month hold period ending March 31, 2023.The Offering remains subject to final acceptance by the TSXV and all regulatory approvals.All dollar amounts are stated in Canadian dollars.NG Energy International Corp. is a publicly traded E&P company on a mission to provide a clean and sustainable solution to Colombias energy needs. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Offering, including: that NGEs assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions; risks inherent in the beverage manufacturing and packaging sector in general; that future results may vary from historical results; and competition in the markets where NGE operates.
Funding
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