VANCOUVER, BC, Nov. 25, 2020
/CNW/ - NG Energy International Corp. (the "Company" or
"NG") (TSXV: GASX) (OTC: GASXF) announces that it has
granted an aggregate of 3,900,000 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$1.00 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 NG Energy International Corp.
NG Energy International Corp. is a publicly traded E&P
company on a mission to provide a clean and sustainable solution to
Colombia's energy needs. The
Company intends on executing this mission by producing
and bringing gas to the premium priced Colombian gas market from
its concessions, SN-9, a 311,353 acres block which is adjacent to
Canacol's Nelson field, as well Maria
Conchita, a 32,518 acre block located in the region of La
Guajira. NG's team has extensive technical expertise and a
proven track record of building companies and creating value in
South America. For more
information please visit SEDAR (www.sedar.com) and the Company's
website (www.ngenergyintl.com).
Forward-Looking Information
Except for the statements of historical fact, this news
release contains "forward-looking information" within the meaning
of the applicable Canadian securities legislation that is based on
expectations, estimates and projections as at the date of this news
release. The information in this news release about the
completion of the operations described herein, and other
forward-looking information includes but is not limited to
information concerning the intentions, plans and future actions of
the parties to the transactions described herein and the terms of
such transaction.
Factors that could cause actual results to differ materially
from those described in such forward-looking information include,
but are not limited to, risks related to the Company's inability to
perform the proposed operations.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new
information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE NG Energy International Corp.