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CruzSur Energy Shares Issued for Interest Payment Settlement
CruzSur Energy Shares Issued for Interest Payment Settlement Canada NewsWire VAN...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n\n\n\nCruzSur Energy Shares Issued for Interest Payment Settlement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 21, 2019\n\n\n\nVANCOUVER, Nov. 21, 2019 /CNW/ - CruzSur Energy Corp. (the \"Company\" or \"CruzSur\" ) (TSXV: CZR) announces that  it  has received approval from the TSX Venture Exchange to  issue 670,608 common shares of the Company (the \"Shares\") at a deemed price of $0.25 per Share in satisfaction of the aggregate accrued interest of $167,651.90 owing on Convertible Debentures of the Company.\nThe Shares will be subject to a four-month hold period expiring on March 20, 2020.\nPursuant to the common share issuance described above, Frank Giustra received an aggregate of 218,544 common shares. Prior to the issuance Mr. Giustra owned, directly or indirectly, and/or controlled an aggregate of 2,481,241 common shares, representing 8.41% of the outstanding shares, and would have owned 17,671,783 common shares assuming the exercise of convertible securities, representing 39.67% of the outstanding shares on a partially diluted basis. Mr. Giustra directly and indirectly now owns and/or controls in aggregate 2,699,785 common shares representing 8.95% of the issued and outstanding common shares of the Company and would own 17,990,327 common shares, representing 39.57% of the issued and outstanding common shares of the Issuer on a partially diluted basis assuming the exercise of pre-existing warrants and options, conversion of the debenture and exercise of the warrants acquired on conversion of the debenture.\nMr. Giustra may in the future acquire or dispose of securities of the Issuer, through the market, privately or otherwise, as circumstances or market conditions warrant. A copy of the Early Warning Report filed by Mr. Giustra may be obtained from the Issuer's SEDAR profile. \nPursuant to the common share issuance described above, Serafino Iacono received an aggregate of 127,501 common shares. Prior to the issuance Mr. Iacono owned 1,794,950 common shares representing 6.08% of the outstanding shares, and would...