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Ng Energy Intl Corp(GASX-X)
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NG ENERGY ANNOUNCES THE UPSIZE OF ITS PREVIOUSLY ANNOUNCED CONVERTIBLE DEBENTURE OFFERING TO UP TO $35 MILLION

Newswire.ca - Mon Jul 10, 2023

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, July 10, 2023 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that it has increased the size of its previously announced financing to up to $35,000,000. The non-brokered private placement offering will be for the issuance and sale of up to 35,000 convertible senior secured debenture units (the "Debenture Units") at an issuance price of $1,000 per Debenture Unit, for aggregate total gross proceeds of up to $35,000,000 (the "Offering"). Completion of the Offering is contingent upon approval of the TSX Venture Exchange, compliance with applicable Canadian securities laws, and completion of satisfactory due diligence by the lead group of strategic investors, anticipated to be completed within 30 days of this announcement. 

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