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NG ENERGY ANNOUNCES 38,300 SHARES PURCHASED UNDER NCIB
NG ENERGY ANNOUNCES 38,300 SHARES PURCHASED UNDER NCIB Canada NewsWire ...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG ENERGY ANNOUNCES 38,300 SHARES PURCHASED UNDER NCIB\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 \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 15, 2022\n \n \n /CNW/ - NG Energy International Corp. (\"NGE\" or the \"Company\") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that further to its press release dated\n \n July 12, 2022\n \n , a total of 38,300 common shares have been purchased under its Normal Course Issuer Bid (\"NCIB\") at a weighted price of\n \n $0.98\n \n through the facilities of the TSX Venture Exchange.\n \n \n All Shares purchased under the NCIB are being purchased on the open market, through the facilities of the TSXV in accordance with applicable regulatory requirements.  All Shares purchased will be at the prevailing market price at the time of purchase and will be subsequently returned to Treasury and cancelled.  The NCIB will be conducted through Haywood Securities Inc. in accordance with the policies of the TSXV.\n \n \n The Company has implemented the NCIB because it believes that, from time to time, the market price of the Common Shares may not fully reflect the underlying value of the Company's business and its future prospects. Accordingly, the Company believes that having the ability to purchase the Common Shares using cash flow will be in the interest of the Company and represents an opportunity to enhance shareholder value. No previous purchases of Common Shares by NGE pursuant to an NCIB have been completed.\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 well\n \n Maria Conchita\n \n , a 32,518-acre block located in the region of La Guajira. NGE's team has extensive technical expertis...