NG ENERGY ANNOUNCES UPDATES ON SECURITIES POSITIONS

About this update from Ng Energy International Corp

[{"type":"text","content":"\n \n \n \n NG ENERGY ANNOUNCES UPDATES ON SECURITIES POSITIONS\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 July 10, 2023\n \n \n /CNW/ -\n \n NG Energy International Corp.\n \n (\"\n \n NGE\n \n \" or the \"\n \n Company\n \n \") (TSXV: GASX) (OTCQX: GASXF) announces securities position updates.\n \n \n \n \n \n Early Warning Disclosure\n \n \n \n \n \n The Company has been advised that following an acquisition of 3,000,000 common shares in the capital of NGE (each a \"\n \n Common Share\n \n \") through the facilities of the TSX Venture Exchange, Mr.\n \n Brian Paes-Braga\n \n has beneficial ownership, direction or control of 10,054,220 Common Shares, representing 8.04% of the issued and outstanding Common Shares and would have beneficial ownership, direction or control of 12,945,720 Common Shares, representing 10.11% of the issued and outstanding Common Shares, on a partially diluted basis, assuming the exercise of warrants (2,516,500) and stock options (375,000).  Prior to the acquisition of Common Shares, Mr. Paes-Braga had beneficial ownership, direction or control of 7,054,220 Common Shares representing 5.64% of the issued and outstanding Common Shares, and would have had beneficial ownership, direction or control of 9,945,720 Common Shares representing 7.77% of the issued and outstanding Common Shares on a partially diluted basis assuming the exercise of stock options and warrants. The consideration per Common Share was\n \n $0.616467\n \n (\n \n $1,849,401\n \n total).\n \n \n The Company has been advised that Mr. Paes-Braga acquired these securities for investment purposes and their acquisition will be disclosed in an early warning report to be filed on SEDAR.  Mr. Paes-Braga may in the future acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. As announced by the Company on\n \n July 6, 2023\n \n and\n \n July 10, 2023\n \n , Mr. Paes-Braga intends to participate in the Company's up...

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