VANCOUVER, BC, Nov. 5, 2021 /CNW/ - NG Energy International
Corp. (the "Company" or "NGE") (TSXV: GASX) (OTCQX: GASXF)
was informed that Mr. Frank Giustra
and his related entity acquired ownership of 666,667 common shares
of the Company as a result of the exercise of 666,667 warrants of
the Company.
Prior to the exercise of the warrants, Mr. Giustra owned,
directly or indirectly, and/or controlled an aggregate of
19,617,438 common shares, representing 16.46% of the outstanding
shares, and would have owned 22,090,480 common shares assuming
exercise of convertible securities, representing 18.15% of the
outstanding shares on a partially diluted basis. Mr. Giustra
directly and indirectly now owns and/or controls in aggregate
20,284,105 common shares representing 16.92% of the issued and
outstanding common shares of the Company and would own 22,090,480
common shares, representing 18.15% of the issued and outstanding
common shares of the Issuer on a partially diluted basis assuming
the exercise of options, pre-existing warrants.
The Company is advised that Mr. Giustra acquired these
securities for investment purposes and has no present intention to
acquire further securities of the Company, although it may in the
future acquire or dispose of securities of the Company, through the
market, privately or otherwise, as circumstances or market
conditions warrant. A copy of the Early Warning Report filed by Mr.
Giustra may be obtained from the Issuer's SEDAR profile.
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. NGE'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.
The forward-looking information in this news release reflects
the current expectations, assumptions and/or beliefs of the Company
based on information currently available to the Company. In
connection with the forward-looking information contained in this
news release, the Company has made assumptions about the Company's
ability to complete the planned operations and activities. The
Company has also assumed that no significant events will occur
outside of the Company's normal course of business. Although the
Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
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.