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Posted by
Two Blokes Jul 8 -
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Stock
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Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that, further to its May 12, 2025, June 25, 2025, and July 3, 2025 news releases, Charlestown Energy Partners, LLC ("Charlestown") intends to participate in the previously announced non-brokered private placement of common shares of the Company (each a "Common Share") at a price of C$0.18 per Common Share for gross proceeds of up to C$3,000,000 (the "Offering"), and in that regard NZEC intends to settle the outstanding short term loan in the amount of C$300,000 owing to Charlestown through the issuance of 1,666,667 Common Shares at a deemed price of C$0.18 per Common Share, subject to approval of the TSX Venture Exchange ("TSXV"). The Common Shares issued in connection with the debt settlement will be subject to a hold period of four months from the date of closing.
