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NG ENERGY FILES AMENDED AND RESTATED FINAL SHORT FORM PROSPECTUS
NG ENERGY FILES AMENDED AND RESTATED FINAL SHORT FORM PROSPECTUS Canada NewsWir...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG ENERGY FILES AMENDED AND RESTATED FINAL SHORT FORM PROSPECTUS\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 \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 11, 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 it has today filed with the British Columbia Securities Commission (the \"\n \n BCSC\n \n \") (as principal regulator) an amended and restated final short form prospectus (the \"\n \n Amended and Restated Final Prospectus\n \n \") to amend and restate the Company's final short form prospectus, which was receipted by the BCSC on\n \n April 28, 2022\n \n . The Amended and Restated Final Prospectus was filed in connection with the proposed issuance and sale of up to 20,000 convertible debenture units (the \"\n \n Debenture Units\n \n \") at a price of\n \n $1,000\n \n per Debenture Unit (the \"\n \n Offering Price\n \n \") on a best-efforts, fully marketed basis, for aggregate total gross proceeds of up to\n \n $20,000,000\n \n (the \"\n \n Offering\n \n \"). The Offering is being co-led by Canaccord Genuity Corp. and Beacon Securities Limited (together, the \"\n \n Lead Agents\n \n \") and includes Stifel Nicolaus Canada Inc. (together with the Lead Agents, the \"\n \n Agents\n \n \").\n \n \n The Amended and Restated Final Prospectus reflects updated pricing and deal terms as follows:\n \n \n \n The conversion price of the Convertible Debenture (defined below) will now be\n \n $1.20\n \n .\n \n \n The exercise of each Warrant (defined below) will now be\n \n $1.40\n \n .\n \n \n The price at which the Company can accelerate the expiry date of the Warrants (described below) will now be\n \n $2.00\n \n .\n \n \n The first monthly interest payment will be made on\n \n June 30, 2022\n \n and encompass the period from closing to\n \n June 30, 2022\n \n .\n \n \n \n Therefore, in summary, each Debenture Unit will now consist of: (i) one 8% convertible unsecured debenture in the principal amount of\n \n ...