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NGX Energy Announces Further Warrant Exercises
NGX Energy Announces Further Warrant Exercises Canada NewsWire VANCOUVER, B...
About this update from Ng Energy International Corp
[{"type":"text","content":"NGXWarrantExercises\n \n \n \n NGX Energy Announces Further Warrant Exercises\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 VANCOUVER, BC, Oct. 6, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 6, 2020\n \n /CNW/ - NGX Energy International Corp. (formerly CruzSur Energy Corp.) (the \"Company\" or \"NGX\") (TSXV: GASX) is pleased to announce that 10,553,332 share purchase warrants have been exercised by insiders resulting in the issuance of 10,553,332 common shares generating\n \n $1,583,000\n \n .\n \n \n \n \n Early Warning –\n \n Frank Giustra\n \n \n \n \n \n The Company was informed that Mr. Giustra acquired ownership of 6,333,333 common shares of the Company as a result of exercising 6,333,333 share purchase warrants. Prior to the exercise of warrants, Mr. Giustra directly and indirectly owned/controlled an aggregate of 12,269,105 common shares, representing 17.20% of the then issued and outstanding common shares of the Company and would have owned 21,992,980 common shares assuming exercise of convertible securities, representing 27.13% of the outstanding shares on a partially diluted basis. Mr. Giustra directly and indirectly now owns and/or controls in aggregate 18,602,438 common shares representing 22.90% of the issued and outstanding common shares of the Company and would own 21,992,980 common shares, representing 25.99% of the issued and outstanding common shares of the Issuer on a partially diluted basis assuming the exercise of options and warrants.\n \n \n \n \n Early Warning –\n \n Serafino Iacono\n \n \n \n \n \n The Company was informed that Mr. Iacono acquired ownership of 4,219,999 common shares of the Company as a result of exercising 4,219,999 share purchase warrants. Prior to the exercise of warrants, Mr. Iacono directly and indirectly owned/controlled an aggregate of 6,832,907 common shares, representing 9.58% of the then issued and outstanding common shares of the Company and would have owned 11,872,489 common shares assuming exercise of convertible securities, representing 15...