New Zealand Energy Corp. announced today that it intends to complete a non-brokered private placement offering of up to 6,000,000 common shares of the Company at a price of $0.75 per share for gross proceeds of up to $4.5 million. Since new management and directors were appointed in late November 2023, the Company has identified attractive development drilling and well interventions, for which capital is required. The net [...]
Monumental Energy is pleased to provide an operational update from New Zealand Energy highlighting developments pertinent to Monumental's investment made into NZEC on Dec 12, 2023. Monumental currently owns and controls 1,000,000 common shares, constituting a 12.92% equity ownership stake in NZEC, acquired at a cost base of $0.38 cents per share. As reported by NZEC on February 15, 20241: Tariki-5 New Development Well [...]
New Zealand Energy Corp. is pleased to provide an operational update. The Company is continuing to prioritize drilling the Tariki-5 Development well in mid-2024. In addition, the Company is focused on restoring production in the existing Copper Moki and Waihapa oil fields, also in the first half of 2024. Details of the planned operations are; Tariki-5 New Development Well Targets development in an undrained up-dip [...]
New Zealand Energy Corp. announced that, further to its 24 October 2023, 23 November 2023 and 12 December 2023 news releases, it has completed the closing of the final tranche of the previously announced non-brokered private placement offering of common shares of the Company . Pursuant to the final tranche, NZEC issued 582,163 Common Shares at a price of C$0.38 per Common Share for gross proceeds of [...]
New Zealand Energy Corp. announced today the results of its Annual General Meeting of shareholders held in Wellington, New Zealand on Friday 29 December 2023 . A total of 685,479 common shares representing just over 29.53% of the total issued and outstanding common shares were voted at the meeting. Each of the current directors, James Willis, Franciscus Jacobs and Michael Adams were re-elected as Directors of the Company [...]
New Zealand Energy Corp. announced that, further to its 24 October 2023 and 23 November 2023 news releases, it has completed the closing of the first tranche of the previously announced non-brokered private placement offering of common shares of the Company . NZEC issued 5,417,837 Common Shares at a price of C$0.38 per Common Share for gross proceeds of $2,058,778. All securities issued in [...]
Monumental Energy announces that it has filed an early warning report in respect to its holdings in New Zealand Energy in conjunction with its market expansion focused on sustainable, clean energy. Pursuant to NZ's $2,058,778 non-brokered private placement completed on Dec 12, 2023, Monumental acquired 1,000,000 common shares of NZ at a price of $0.38 per Share for a total subscription price of $380,000 representing [...]
New Zealand Energy Corp. announced today that it has filed with Canadian regulatory authorities its 2023 third quarter consolidated interim financial statements and corresponding management's discussion and analysis, which documents are available on the Company's website at www.newzealandenergy.com and on SEDAR+ at www.sedarplus.ca. Commenting on the Company's 2023 third quarter results, Chairman James Willis said, "The [...]
New Zealand Energy Corp. announced today that Mr. Frank Jacobs and Mr. Michael Adams have been appointed as directors of the Company. NZEC also announced that Mr. Mark Dunphy and Dr. David Llewellyn have resigned as directors. The Company expresses its thanks for the efforts of Messrs. Dunphy and Llewellyn who have helped guide the Company to its present position where the Company now has meaningful growth targets it can [...]
New Zealand Energy Corp. announced today a management discussion regarding the recent Share Consolidation, the announced Private Placement and to provide information and an update concerning the status of the proposed Tariki-5 drilling. This management discussion includes certain statements which may be deemed "forward-looking statements" . All amounts are in New Zealand dollars unless otherwise stated. NZEC's shares are [...]
New Zealand Energy Corp. announced today its intention to complete a non-brokered private placement offering up to 6,000,000 common shares of the Company at a price of C$0.38 per share, for gross proceeds of up to C$2,280,000 . A finder's fee of up to 5% of the gross proceeds of the Private Placement may be paid on all or any portion of the Private Placement. The net proceeds from the Private Placement will be used to [...]
New Zealand Energy Corp. announced today that, further to its July 20, 2021, August 16, 2021, July 18, 2022, October 31, 2022 and April 6, 2023 releases, in connection with the existing CAD$2,000,000 Convertible Loan Agreement with Arizona Finance Limited, the term of such Convertible Loan Agreement has been extended with the agreement of both the Company and Arizona Finance Limited to July 20, 2025, subject to the [...]