NG Energy International Corp. (TSE:GASX) has released an update.
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NG Energy International Corp. has secured a financing deal with Macquarie Group for up to $100 million, receiving an initial $40 million to improve financial stability and fund development plans. Additionally, a new letter of credit facility of $13.6 million will support their commitments in Colombia. Concurrently, leadership changes include the appointment of Brian Paes-Braga as CEO and the transition of former CEO, Serafino Iacono, to Co-Chair of the Board.
For further insights into TSE:GASX stock, check out TipRanks’ Stock Analysis page.