Wellington, New Zealand – (Newsfile Corp. – August 16, 2021) – New Zealand Energy Corp. (TSXV: NZ) (“NZEC“or the”Company“) announced today that following its July 20, 2021 press release, the Company has drawn CAD $ 2,000,000 under its convertible loan agreement with Arizona Finance Limited ( “Arizona.”) The maximum number of common shares that may be issued if Arizona elects to convert the entire principal amount of the loan will be 6,666,667 shares, at an exercise price of 30 cents per share. November 21, 2021.
On behalf of the board of directors
New Zealand Energy Corp.
Energy contacts in New Zealand
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