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New Zealand Energy ( (TSE:NZ) ) has shared an announcement.
New Zealand Energy Corp. has announced an agreement to cancel a CAD$2,000,000 loan with Vliet Financing B.V., which includes accrued interest, by paying CAD$500,000 and issuing 1,000,000 common shares. The agreement, which involves a related party transaction, is subject to regulatory approval and aims to improve the company’s financial position by amending the loan to be non-convertible and extending its maturity date if necessary.
More about New Zealand Energy
New Zealand Energy Corp. operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is primarily engaged in the production and sale of energy resources, with a market focus on leveraging its assets in New Zealand.
Average Trading Volume: 20,169
Technical Sentiment Signal: Sell
Current Market Cap: C$5.36M
See more data about NZ stock on TipRanks’ Stock Analysis page.