Nexera Energy (TSE:NGY) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Nexera Energy Inc. has announced a non-brokered private placement offering aiming to raise up to $650,000 by issuing 26 million units at $0.025 each, with each unit comprising a common share and a share purchase warrant. The proceeds are earmarked for its subsidiary, Production Resources Inc., to develop a cement services branch for plugging and abandoning oil and gas wells, which is expected to save costs and generate additional revenue. The offering, which replaces a previous debenture offering, is subject to TSX Venture Exchange approval.
For further insights into TSE:NGY stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue