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Ng Energy Intl Corp(GASX-X)
TSX Venture

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Energy Stock Sees Delayed Rally Following Monday Annoucement

AllPennyStocks.com - Tue Jul 11, 2023

A dually-listed energy company based out of Vancouver made a splash during Tuesday’s session following yesterday’s announcement that the company had increased the size of its previously announced financing to up to $35,000,000. According to the release, the non-brokered private placement offering will be for the issuance and sale of up to 35,000 convertible senior secured debenture units at an issuance price of $1,000 per Debenture Unit, for aggregate total gross proceeds of up to $35,000,000.

Shares of NG Energy International Corp (TSXV:GASX)(OTCQX:GASXF) soared on the news, with shares trading on the Canadian side reaching up to $0.80/share (+14.29%) at Wednesday’s session high.

NG Energy International Corp is an oil and gas company. It is engaged in the business of exploration and development of oil and gas. The company derives key revenue from the sales of oil and natural gas.

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