- NXT Energy Solutions (SFD) has closed a private placement for net proceeds of $1,882,195
- The company issued 9,658,282 common shares for $0.195 per share, 95% of which were purchased by company insiders
- NXT Energy Solutions is a Canadian company that provides geophysical services to the upstream oil and gas industry
- NXT Energy Solutions Inc. (SFD) opened trading at C$0.20
NXT Energy Solutions (SFD) has closed its previously-announced private placement for net proceeds of $1,882,195.
The company issued 9,658,282 common shares for $0.195 per share.
Insiders purchased a total of 9,178,282 common shares for $1,789,765.
All common shares issued will be subject to a statutory hold period of four months.
Net proceeds will be used support business development and marketing.
NXT Energy Solutions is a Canadian company that provides geophysical services to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system.
NXT Energy Solutions Inc. (SFD) opened trading at C$0.20.
