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NG ENERGY ANNOUNCES THE LISTING OF CONVERTIBLE DEBENTURES AND WARRANTS ON THE TSX VENTURE EXCHANGE
NG ENERGY ANNOUNCES THE LISTING OF CONVERTIBLE DEBENTURES AND WARRANTS ON THE TSX VENTURE...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG ENERGY ANNOUNCES THE LISTING OF CONVERTIBLE DEBENTURES AND WARRANTS ON THE TSX VENTURE EXCHANGE\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 May 31, 2022\n \n \n /CNW/ - NG Energy International Corp. (the \"\n \n Company\n \n \" or \"\n \n NGE\n \n \") (TSXV: GASX) (OTC: GASXF) is pleased to announce that, further to the Company's news releases dated\n \n May 20, 2022\n \n and\n \n May 24, 2022\n \n , the 8% unsecured convertible debentures (the \"\n \n Convertible Debentures\n \n \") and the common share purchase warrants (the \"\n \n Warrants\n \n \") of the Company, issued pursuant to the previously announced best efforts, fully marketed offering (the \"\n \n Offering\n \n \"), have been approved for listing on the TSX Venture Exchange Inc. (the \"\n \n TSXV\n \n \") under the symbols \"GASX.DB\" and \"GASX.WT.A\", respectively, and will begin trading on\n \n Thursday, June 2, 2022\n \n .\n \n \n The principal amount of each Convertible Debenture will be convertible, for no additional consideration, at the option of the holder in whole or in part at any time and from time to time into common shares of the Company prior to the earlier of: (i) the close of business on\n \n May 19, 2027\n \n or the day prior to the redemption date of the Convertible Debentures, and (ii) the business day immediately preceding the date specified by the Company for redemption of the Convertible Debentures upon a Change of Control (as defined in the Debenture Indenture available on the Company's SEDAR page at\n \n https://www.sedar.com/\n \n ) at a conversion price equal to\n \n $1.20\n \n , subject to adjustment in certain events. For greater clarity, any accrued and unpaid interest on the Convertible Debentures will be settled through cash payment only.\n \n \n Each Warrant will entitle the holder thereof to purchase one common share at an exercise price equal to\n \n $1.40\n \n until\n \n May 20, 2027\n \n (subject to an acceleration provision and adjustments in certain customary ev...