Business
New Zealand Energy Announces $850,000 Equity Financing
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2014) - New Zealand Energy Corp. (...
About this update from New Zealand Energy Corp.
[{"type":"text","content":"New Zealand Energy Announces $850,000 Equity FinancingVancouver, British Columbia--(Newsfile Corp. - December 12, 2014) - New \nZealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) \n(\"NZEC\" or the \"Company\") has negotiated an $850,000 \nequity financing with Geoservices Limited (the \"Financing\"). The \nFinancing will consist of 17 million units at a price of \n$0.05 per unit. Each unit will consist of one common share \nand one non-transferable share purchase warrant of the \nCompany. Each warrant will entitle the holder to acquire \none common share at a price of $0.07 for a period of 12 \nmonths following closing of the Financing.\nProceeds from the sale of the units will \nbe used for general working capital.\nThe Financing is subject to TSX Venture Exchange \nacceptance.\nThe securities offered have not been and \nwill not be registered under the United States Securities Act of \n1933, as amended, and may not be offered or sold in the \nUnited States absent registration or applicable exemption from \nthe registration requirements. This news release \ndoes not constitute an offer to sell or the solicitation \nof any offer to buy nor will there be any sale of these \nsecurities in any province, state or jurisdiction in which \nsuch offer, solicitation or sale would be unlawful \nprior to registration or qualification under the \nsecurities laws of any such province, state or \njurisdiction. \nOn behalf of the Board of Directors \n\"John Greig\" \nChairman\nAbout New Zealand Energy Corp. \nNZEC is an oil and natural gas company engaged in the \nproduction, development and exploration of petroleum and natural \ngas assets in the politically and fiscally stable \ncountry of New Zealand. NZEC's property portfolio \ncollectively covers approximately 1.15 million acres \nof conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand's \nNorth Island. The Company's management team has extensive \noil and gas exploration and operations experience in \nNew Zealand. NZEC plans to execute a technically disciplined \nexploration and development program focused on oil \nand natural gas resources in New Zealand. NZEC is listed on \nthe TSX Venture Exchange under the symbol NZ and on the \nOTCQX International under the symbol NZERF. More \ninformation is available at www.newzealandenergy.com or by \ne...