NG Energy International Corp. Extends Warrant Expiry Date

NG Energy International Corp. Updates Investors

NG Energy International Corp. ("NGE" or the "Company") is excited to inform its stakeholders about a significant update regarding its common share purchase warrants originally issued in late 2022. Following the receipt of approval from the TSX Venture Exchange, the expiry date of these warrants has been extended to November 30, 2027. This decision aligns with the Company’s strategic focus on sustaining growth and enhancing shareholder value.

Details of the Warrants Extension

The original warrants, part of a private placement completed in November 2022, were set to expire on November 30, 2025. With the new extension, holders of these 34,075,000 outstanding warrants can exercise their rights to purchase shares at an exercise price of $1.08 per share until the updated expiration date. The other terms and conditions associated with the warrants have remained unchanged.

Strategic Importance of the Extension

Extending the expiration date of the warrants provides current and prospective investors with a greater opportunity to participate in the future growth of the Company. NG Energy is committed to exploring and developing substantial natural gas resources, particularly in the lucrative Colombian market, where it anticipates a significant increase in production. This strategy involves not only maintaining but also enhancing the Company's competitive edge.

Growth Prospects in Natural Gas

NG Energy is a growth-oriented exploration and production Company dedicated to unlocking the potential of natural gas fields across the Americas. The leadership team brings a wealth of capital markets experience and technical knowledge, driving the Company’s ambitious objectives. In particular, NG Energy is positioning itself in Colombia, anticipating triple-digit production growth over the next few years. This could enable the Company to hit its production goal of 200 million cubic feet per day (MMcf/d).

Investment Strategies and Financial Backbone

To date, NG Energy has successfully raised over $200 million in both debt and equity financing, enabling the construction of multiple gathering, processing, and treatment facilities. The cumulative processing capacity from these projects is projected to reach 60 MMcf/d by the third quarter of 2025. This robust financial strategy is bolstered by significant investments from insiders, who have a vested interest in the Company's future.

Company Overview

NG Energy International Corp. operates as a premier natural gas exploration and production Company. Its mission is centered around delivering long-term value to both shareholders and stakeholders through effective utilization of natural gas resources. With a strong foothold in Colombia's energy sector, NG Energy focuses on efficient production and a smooth transition towards sustainable energy solutions.

Conclusion

This extension of the November 2022 warrants reflects NG Energy's commitment to maximizing shareholder engagement and fostering a robust investment atmosphere. The Company’s strategic decisions position it well for a strong growth trajectory within the ever-evolving landscape of the natural gas market.

Frequently Asked Questions

What is the new expiry date for NG Energy's warrants?

The new expiry date is November 30, 2027.

What was the original expiry date of these warrants?

The original expiry date was November 30, 2025.

How many outstanding warrants does NG Energy have?

NG Energy currently has 34,075,000 outstanding warrants.

What is the exercise price of the warrants?

The exercise price for the warrants is $1.08 per share.

What growth is NG Energy expecting in Colombia?

NG Energy is anticipating triple-digit growth in natural gas production over the next few years.

About The Author

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