- NG Energy International Corp. (GASX) announced a financing commitment of up to $25,000,000 from a lead group of strategic investors
- NG will issue up to 25,000 convertible senior secured debenture units for $1,000 per debenture unit
- Proceeds will be used to complete the Brujo-1x well, followed by the Hechicero-1x well, before the end of the year
- NG Energy International is an E&P company on a mission to provide a clean and sustainable solution to Colombia’s energy needs
- NG Energy International Corp. (GASX) opened trading at C$0.89
NG Energy International Corp. (GASX) has announced a financing commitment of up to $25,000,000 from a lead group of strategic investors.
The company will issue up to 25,000 convertible senior secured debenture units for $1,000 per debenture unit.
Proceeds will be used to complete the Brujo-1x well, followed by the Hechicero-1x well, before the end of the year.
Serafino Iacono, Chief Executive Officer and Director of NGE commented on the capital raise.
“With the additional capital committed in this financing, the Company will be able to complete its phase 1 exploration program with the Agencia Nacional de Hidrocarburos. After the success experienced with the Magico-1x and Brujo-1x wells, we as a management team are more excited than ever with the potential of Sinu-9.”
NG Energy International Corp. is an E&P company on a mission to provide a clean and sustainable solution to Colombia’s energy needs.
NG Energy International Corp. (GASX) opened trading at C$0.89.