NG Energy International (TSE:GASX) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
NG Energy International has successfully completed a C$30 million private placement to fund its next phase of drilling and development activities in Colombia. The funds will primarily support drilling at Sinu-9 and Maria Conchita, as well as the construction of flowlines and completion of reservoir studies. Notably, company insiders subscribed to a significant portion of the shares offered, in compliance with regulatory exemptions.
For further insights into TSE:GASX stock, check out TipRanks’ Stock Analysis page.