VANCOUVER, BC, March 21, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company”) (TSXV: GASX) (OTCQX: GASXF) announces that the board of directors has approved the grant of an aggregate of 5,725,000 restricted share units (“RSU“) to officers, directors, employees and consultants of the Company which will vest equally over three years with first vesting occurring after one year. Each vested RSU entitles the holder to receive one common share of the Company. The grant of RSU is subject to the Company’s Restricted Share Unit Plan which was approved by shareholders at NGE’s annual general and special … Continue Reading

VANCOUVER, BC, Jan. 3, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company”) (TSXV: GASX) (OTCQX: GASXF) is pleased to provide a 2022 ‘Year in Review’ and its operational road map for the year ahead. 2022 was a transformational year for the Company’s operations in Colombia as Maria Conchita was put into production and the Company drilled, tested and completed two successful exploration wells at its flagship block, SINU-9. In 2023, the Company will be focused on securing an infrastructure partner at SINU-9 to begin monetizing the field, as well as increasing reserves and resources through further … Continue Reading

VANCOUVER, BC, Dec. 8, 2022 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that the Company has entered into a strategic alliance with COX Energy America S.A.B. de C.V. (BIVA/BMV:COXA) (“COX ENERGY“), a regional Latin American developer, operator and producer of renewable energy with more than 2,400 MWp of solar energy projects in its portfolio. With this new partnership, NGE and COX ENERGY will explore opportunities to develop, build and own solar power plants in Colombia.

NGE is fully committed to fueling the clean energy transition in Colombia… Continue Reading

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VANCOUVER, BC, Dec. 1, 2022 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that further to the Company’s press release dated October 21, 2022, it has closed its non-brokered private placement offering (the “Offering“) of senior secured convertible debenture units (the “Debenture Units“) of the Company at a price of $1,000 per Debenture Unit (the “Offering Price“) for total aggregate gross proceeds of $35,000,000.

Each Debenture Unit consists of: (i) … Continue Reading

VANCOUVER, BC, Nov. 22, 2022 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF), further to the Company’s press release on November 15, 2022 in which it announced positive test results at the Brujo-1x well, the Company, in development of the SN-9 E&P Contract and under the agreements with CleanEnergy Resources (“CleanEnergy“, and together with NGE the “Companies“), is pleased to announce completion of testing of the Brujo-1X well.  The Companies conducted 4 Drill Stem Tests (“DSTs“), with 3 successful DSTs in the intermediate and upper section of the Ciénaga de Oro (“CDO“) formation. … Continue Reading

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VANCOUVER, BC, Nov. 21, 2022 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) announces that it has decided not to proceed with the non-brokered equity private placement announced on November 14, 2022 and that it is increasing the size of its previously announced convertible debenture unit offering to $35 million. The convertible debenture offering remains scheduled to close on or about November 30, 2022, subject to approval of the TSX Venture Exchange and compliance … Continue Reading

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VANCOUVER, BC, Nov. 15, 2022 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF), further to the Company’s press release of October 20, 2022 in which it announced the successful drilling of the Brujo-1x well, the Company, in development of the Sinú 9 E&P Contract and under the agreements with CleanEnergy Resources (“CleanEnergy“, and together with NGE the “Companies“), is pleased to announce that it is continuing to test the Brujo-1x well and the preliminary test results have … Continue Reading

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VANCOUVER, BC, Nov. 14, 2022 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to announce a non-brokered private placement offering for the issuance and sale of up to 27,397,261 units (each a “Unit“) at an issuance price of $0.73 per Unit, for aggregate total gross proceeds of up to $20 million (the “Offering“). Completion of the Offering is contingent upon approval of the TSX Venture Exchange (“TSXV“) and compliance with applicable Canadian securities laws.… Continue Reading

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VANCOUVER, BC, Oct. 25, 2022 /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 $30,000,000. The non-brokered private placement offering will be for the issuance and sale of up to 30,000 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 $30,000,000 (the … Continue Reading

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VANCOUVER, BC, Oct. 21, 2022 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to announce a financing commitment of up to $25,000,000 from a lead group of strategic investors (the “Strategic Investors“), which will include insider participation from the Company. The non-brokered private placement offering will be for the issuance and sale of up to 25,000 convertible senior secured debenture units (the “Debenture Units“) at an issuance price of $1,000 per Debenture Unit (the … Continue Reading

VANCOUVER, BC, Oct. 20, 2022 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF), in the development of the Sinu-9 E&P Contract and under the agreements with CleanEnergy Resources (“CleanEnergy”, and together with NGE, the “Companies“), is pleased to announce the successful drilling of the Brujo-1x well at a final total depth of 8,019 feet (7,200 feet true vertical depth) in the Lower Magdalena Basin, located within the SN-9 Block, encountering 680 feet of net gas bearing zone in the Cienaga de Oro formation and 103 feet in the Porquero formation, for a total … Continue Reading

VANCOUVER, BC, Oct. 13, 2022 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that the Company has reached an agreement with Plus+ Energy E.S.P. for the purchase and sale of natural gas produced from the Aruchara-1 well and coming wells at the Maria Conchita block. The binding offer is for the acquisition of up to 8,000 million British Thermal Units (MMBTU) per day on a firm volume purchase agreement, or the equivalent volume corresponding to NGE’s 80% participating interest in the Maria Conchita block’s production. The date of delivery … Continue Reading