Business
New Zealand Energy Announces Changes to the Board of Directors and Provides Corporate Update
Wellington, New Zealand--(Newsfile Corp. - November 23, 2023) - New Zealand Energy Corp. (TSXV: N...
About this update from New Zealand Energy Corp.
[{"type":"text","content":"New Zealand Energy Announces Changes to the Board of Directors and Provides Corporate UpdateWellington, New Zealand--(Newsfile Corp. - November 23, 2023) - New Zealand Energy Corp. (TSXV: NZ) (\"NZEC\" or the \"Company\") announced today that Mr. Frank Jacobs and Mr. Michael Adams (who served as the CEO of NZEC from 2015 to 2021) have been appointed as directors of the Company.NZEC also announced that Mr. Mark Dunphy and Dr. David Llewellyn have resigned as directors. The Company expresses its thanks for the efforts of Messrs. Dunphy and Llewellyn who have helped guide the Company to its present position where the Company now has meaningful growth targets it can pursue.NZEC also announced that, further to its 24 October 2023 news release, it expects to complete a closing of an initial tranche of its non-brokered ‎private placement offering of common shares of the Company (the \"Private Placement\") in the next few weeks, subject to final approval of the TSX Venture Exchange. ‎The Company anticipates that a proposed investment by Vliet Techniek B.V. (\"Vliet\"), a company wholly-owned by Mr. Frank Jacobs, will result in Vliet becoming a holder of more than 20% of the issued capital of the Company and therefore a new Control Person (as defined in the policies of the TSX Venture Exchange) of the Company. Approval of the creation of the potential new Control Person will be submitted for approval by the disinterested shareholders of the Company at the upcoming annual general and special meeting to be held on 29 December 2023. The Company further confirms that there is no undisclosed material information concerning NZEC or its business. On behalf of the Board of Directors\"James Willis\"Chairman New Zealand Energy Corp.New Zealand Energy ContactsEmail: [email protected]: www.newzealandenergy.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Information: This news release contains \"forward-looking information\" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forwa...