Business
New Zealand Energy Closes Bought Deal Financing and Over-Allotment Option for Proceeds of $63.5 Million
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DIS SEMINATION IN THE UNITED STATE...
About this update from New Zealand Energy Corp.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS\n RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n\n\nTSX-V: NZOTCQX: NZERF\n\n\nVANCOUVER, March 21, 2012 /CNW/ - New Zealand Energy Corp. (TSX-V: NZ, OTCQX: NZERF) (\"NZEC\" or the \"Company\") is pleased to announce that it has completed its previously announced\n bought deal financing (the \"Offering\").  NZEC, through a syndicate of underwriters led by Canaccord Genuity\n Corp. and including Macquarie Capital Markets Canada Ltd., Mackie\n Research Capital Corporation, PI Financial Corp. and Haywood Securities\n Inc. (collectively, the \"Underwriters\"), issued 21,160,000 common shares at a price of $3.00 per common\n share, for gross proceeds of $63,480,000.  The Underwriters elected to\n exercise their over-allotment option in full with respect to the\n Offering.\n\n\nThe net proceeds of the Offering will be used to explore and develop\n NZEC's oil and gas properties, for additional geologic and technical\n studies, and for other general corporate purposes.\n\n\nThe securities offered have not been and will not be registered under\n the United States Securities Act of 1933, as amended, and may not be\n offered or sold in the United States absent registration or applicable\n exemption from the registration requirements. This news release does\n not constitute an offer to sell or the solicitation of any offer to buy\n nor will there be any sale of these securities in any province, state\n or jurisdiction in which such offer, solicitation or sale would be\n unlawful prior to registration or qualification under the securities\n laws of any such province, state or jurisdiction.\n\n\nOn behalf of the Board of Directors\n\n\n\"John Proust\" \n\n\nChief Executive Officer & Director \n\n\nAbout New Zealand Energy Corp.\n\n\nNZEC is an oil and natural gas company engaged in the production,\n development and exploration of petroleum and natural gas assets in New\n Zealand. NZEC's property portfolio collectively covers nearly two\n million acres of conventional and unconventional prospects in the\n Taranaki Basin and East Coast Basin of New Zealand's North Island. The\n Company's management team has extensive experience exploring and\n developing oil and natur...