Business
Hertz Energy Announces Close of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2026) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: A340) ("Hertz" or the "Company") is pleased to announce that further to its news release dated December 12, 2025, it has closed a non-brokered private placement for a total of 4,200,000 units of the Company (the "Units") at a price of $0.10 per Unit, for gross proceeds of $420,000 (the "Offering"). Each Unit issued consists of one (1) common share in the capital of the Company...
About this update from Hertz Global Holdings, Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 16, 2026) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: A340) ("Hertz" or the "Company") is pleased to announce that further to its news release dated December 12, 2025, it has closed a non-brokered private placement for a total of 4,200,000 units of the Company (the "Units") at a price of $0.10 per Unit, for gross proceeds of $420,000 (the "Offering"). Each Unit issued consists of one (1) common share in the capital of the Company (each a "Common Share") and one (1) Common Share purchase warrant (a "Warrant") granting the holder the right to purchase one (1) additional Common Share of the Company (a "Warrant Share") at a price of $0.125 at any time on or before 36 months from the Closing Date. The securities offered under the Offering will be subject to a statutory hold period in Canada expiring four (4) months and one day from the closing of the Offering, in accordance with applicable Canadian securities laws.","length":1055,"tagName":"p"},{"type":"text","content":"The gross proceeds from the Offering will be used for general and administrative matters and to advance the Company's current Lake George Antimony Project, a strategically positioned claims package surrounding the past-producing Lake George Antimony Mine, once the largest primary antimony producer in North America, operating intermittently from 1876 to 1996 (Government of New Brunswick, Mineral Commodity Profile No. 12, 2018).","length":434,"tagName":"p"},{"type":"text","content":"The securities issued pursuant to the Private Placement have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.","length":619,"tagName":"p"},{"type":"text","content":"About the Company","length":17,"tagName":"p"},{"type":"text","content":"Hertz Energy is a Bri...