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Posted On: 04/07/2022 8:35:57 AM
Post# of 38429
$NECA On News! New America Agrees to Standstill Agreement with Preferred Shareholders
NEW YORK, NY / ACCESSWIRE / April 5, 2022 / New America Energy Corp. (OTC PINK:NECA), is pleased to announce that convertible preferred shareholders have agreed to a 90-day standstill agreement.
The Series C preferred shareholders of New America Energy Corp. have agreed to a 90-day standstill on any conversions of their preferred shares. Third Bench, a subsidiary of NECA, hopes to increase shareholder value during this time as it seeks additional acquisitions that add assets, revenue, and cashflow.
Third Bench, CEO David Fair stated, "Increasing value for all shareholders remains our top priority. We've been doing this through our acquisition strategy and felt the standstill would help in those efforts. I'm grateful to the preferred holders for agreeing to the standstill and we look forward to executing our plan throughout these 90 days."
https://marketwirenews.com/news-releases/new-...l?t=773192
NEW YORK, NY / ACCESSWIRE / April 5, 2022 / New America Energy Corp. (OTC PINK:NECA), is pleased to announce that convertible preferred shareholders have agreed to a 90-day standstill agreement.
The Series C preferred shareholders of New America Energy Corp. have agreed to a 90-day standstill on any conversions of their preferred shares. Third Bench, a subsidiary of NECA, hopes to increase shareholder value during this time as it seeks additional acquisitions that add assets, revenue, and cashflow.
Third Bench, CEO David Fair stated, "Increasing value for all shareholders remains our top priority. We've been doing this through our acquisition strategy and felt the standstill would help in those efforts. I'm grateful to the preferred holders for agreeing to the standstill and we look forward to executing our plan throughout these 90 days."
https://marketwirenews.com/news-releases/new-...l?t=773192
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