NGX Energy International Corp. is pleased to announce that it has engaged Canaccord Genuity Corp. on a commercially reasonable-efforts basis for the sale of secured debentures of NGX at a price of US$1,000 per Debenture for aggregate gross proceeds of up to US$10,000,000 . The Debentures will mature 6 years from the closing date of the Offering and will bear interest from the Closing Date at a rate equal to 15% per annum [...]
34,582 MMcf Total Proved + Probable Reserves of Natural Gas NGX Energy International Corp. announced today the receipt of a gas reserves evaluation report prepared following the discovery of gas after the repair of the Aruchara-1 well at its Maria Conchita Block in the Onshore Guajira Basin in Colombia. The Reserves Report reports total Proved + Probable Undeveloped Reserves of 34,582 MMcf, with net Proved Undeveloped [...]
CruzSur Energy Corp. announces that effective at the market open on October 2, 2020, the Company will change its name to "NGX Energy International Corp." and it's common shares and listed share purchase warrants will commence trading on the TSX Venture Exchange under the new symbols "GASX" and "GASX.WT" respectively. The new CUSIP number for the shares is 62890N102 and the new ISIN number is CA62890N1024. The new CUSIP [...]
CruzSur Energy Corp. is pleased to announce that $2,908,000 principal amount of the outstanding convertible debentures of the Company has been recently converted resulting in the issuance of 19,386,659 common shares and 19,386,659 share purchase warrants. Concurrently, 1,633,333 of such warrants were exercised. The remaining debentures in the principal amount of $442,000 and the exercise of the 20,700,000 underlying [...]
The Company takes transformational steps towards its mission of bringing clean energy to Colombia's domestic market. The Company, in partnership with Energy Transitions-Plus+E.S.P, expects to have facilities and connections ready before the end of the year to start selling gas into the current $5 / MMBtu market. Final preparation on the Company's flagship SN-9 project for planned Q4 drilling. Further to a prior press [...]
Further to a prior press release issued on July 24, 2020, CruzSur Energy Corp. is pleased to announce that the Company is in the final stages of its re-entry activities on the Aruchara well, located in the Maria Conchita Block in the region of La Guajira in northern Colombia. More specifically, the repair of the well is now almost complete, and the Company will soon be in position to determine the quantity and quality of [...]
CruzSur Energy Corp. announces that during the re-entry of the Aruchara well, in order to repair a gas leak identified in the well which had been drilled in 1980, found a large amount of natural gas that has been burned in the flare stack. The Company duly informed the Colombian authorities of the re-entry. The team has now continued the process of the well repair with its cleaning to define the final conditions, quantity [...]
CruzSur Energy Corp. , announces that it has granted an aggregate of 1,556,000 stock options under the Company's stock option plan to directors, officers, employees, consultants of the Company and charities with an exercise price of C$0.275 per stock option, exercisable for a period of ten years from the date of grant. All of the above is subject to approval of the TSX Venture Exchange. About CruzSur Energy Corp. CruzSur[...]
CruzSur Energy Corp. is pleased to announce that it has completed a non-brokered private placement of 10,000,000 units , at a price of C$0.18 per Unit, for gross proceeds of C$1,800,000. Each Unit consists of one common share and one share purchase warrant , with each Warrant entitling the holder to purchase one additional share at a price of C$0.23 until May 27, 2022. All securities issued in connection with the private [...]
CruzSur Energy Corp. announces that the Company is undertaking a non-brokered private placement of 10,000,000 units , at a price of C$0.18 per Unit, for gross proceeds of C$1,800,000. Each Unit consists of one common share and one share purchase warrant , with each Warrant entitling the holder to purchase one additional share at a price of C$0.23 for a period of twenty four months from the date of issuance. The placement [...]
CruzSur Energy Corp. announces that pursuant to the convertible debentures issued on May 7, 2019, the Company has elected to issue common shares of the Company in satisfaction of the aggregate accrued interest owing on such Convertible Debentures. Under the terms of the Convertible Debentures, interest has accrued at a rate of 10% per annum resulting in a total amount owing of $161,343.72 as at May 7, 2020. The Company [...]
CruzSur Energy Corp. is pleased to announce that it has completed a non-brokered private placement of 2,000,000 units, at a price of C$0.15 per Unit, for gross proceeds of C$300,000. Each Unit consists of one common share and one share purchase warrant, with each Warrant entitling the holder to purchase one additional share at a price of C$0.18 until March 27, 2022. All securities issued in connection with the private [...]
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