Early Warning Report

About this update from Ng Energy International Corp

[{"type":"text","content":"\n \n \n \n Early Warning Report\n \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 Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 5, 2021\n \n /CNW/ - NG Energy International Corp. (the \"Company\" or \"\n \n NGE\n \n \") (TSXV: GASX) (OTCQX: GASXF) was informed that Mr.\n \n Frank Giustra\n \n and his related entity acquired ownership of 666,667 common shares of the Company as a result of the exercise of 666,667 warrants of the Company.\n \n \n Prior to the exercise of the warrants, Mr. Giustra owned, directly or indirectly, and/or controlled an aggregate of 19,617,438 common shares, representing 16.46% of the outstanding shares, and would have owned 22,090,480 common shares assuming exercise of convertible securities, representing 18.15% of the outstanding shares on a partially diluted basis.  Mr. Giustra directly and indirectly now owns and/or controls in aggregate 20,284,105 common shares representing 16.92% of the issued and outstanding common shares of the Company and would own 22,090,480 common shares, representing 18.15% of the issued and outstanding common shares of the Issuer on a partially diluted basis assuming the exercise of options, pre-existing warrants.\n \n \n The Company is advised that Mr. Giustra acquired these securities for investment purposes and has no present intention to acquire further securities of the Company, although it may in the future acquire or dispose of securities of the Company, 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.\n \n \n \n About NG Energy International Corp.\n \n \n \n NG Energy International Corp. is a publicly traded E&P company on a mission to provide a clean and sustainable solution to\n \n Colombia's\n \n energy needs. The Company intends on executing this mission by producing and bringing gas to the premium priced Colombian gas market from its concessions, SN-9, a 311,353 acres block which is adjacent to Canacol's Nelson field, as w...

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