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NG Energy Announces Upsize to Bought Deal Financing and Concurrent Private Placement
NG Energy Announces Upsize to Bought Deal Financing and Concurrent Private Placement ...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG Energy Announces Upsize to Bought Deal Financing and Concurrent Private Placement\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 20, 2021\n \n /CNW/ - NG Energy International Corp. (the \"Company\" or \"NGE\") (TSXV: GASX) (OTC: GASXF), announces that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering (as defined below), Beacon Securities Limited (the \"\n \n Lead\n \n \n Underwriter\n \n \"), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Canaccord Genuity Corp. and Eventus Capital Corp. (collectively, the \"\n \n Underwriters\n \n \"), have agreed to purchase, on a \"bought deal\" private placement basis, 7,400,000 units (\"\n \n Units\n \n \") at a price of\n \n $1.15\n \n per Unit (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds to the Company of\n \n $8,510,000\n \n (the \"\n \n Offering\n \n \").  Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \").  Each Warrant will be exercisable to acquire one common share for a period of 36 months following closing of the Offering at an exercise price of\n \n $1.75\n \n per share.\n \n \n The Company has granted the Underwriters an option, exercisable by the Lead Underwriter on behalf of the Underwriters, to purchase up to an additional 1,110,000 Units, for additional gross proceeds of up to\n \n $1,276,500\n \n , exercisable in whole or in part at any time up to 48 hours prior to the closing date of the Offering.\n \n \n In addition, the Company intends to complete a non-brokered private placement offering of Units, on the same terms as those issued pursuant to the Offering, for gross proceeds...