Welcome to our dedicated page for Nexera Energy news (Ticker: EMBYF), a resource for investors and traders seeking the latest updates and insights on Nexera Energy stock.
Nexera Energy Inc. (OTC Pink: EMBYF) operates oil production assets and specialized energy services in Southwest Texas. This page aggregates official company announcements, operational updates, and regulatory filings for investors and industry observers.
Access timely reports on production milestones, equipment acquisitions, and service expansions through Production Resources Inc. – the company's wholly owned oilfield services subsidiary. Content spans drilling operations, capital restructuring efforts, and compliance updates, providing comprehensive insight into dual revenue streams from direct production and third-party services.
Key updates include earnings disclosures, strategic partnership announcements, and operational efficiency initiatives across the Lavernia and Stockdale Horizon projects. All materials adhere to regulatory disclosure standards, offering reliable tracking of the company's progress in mature oilfield management and integrated service models.
Bookmark this page for structured access to EMBYF's evolving position in Southwest Texas energy markets. Verify critical updates through cross-referenced filings and monitor long-term strategic developments through our maintained news archive.
Nexera Energy Inc. (TSXV: NGY, OTC: EMBYF) has successfully closed its previously announced non-brokered private placement, raising $600,000 through the issuance of 24,000,000 units at $0.025 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at $0.10 for 24 months.
The placement includes 4,900,000 units acquired by company directors/officers. The warrants feature an acceleration clause triggered if the stock price exceeds $0.15 for 30 consecutive trading days. Net proceeds will be used by subsidiary Production Resources Inc. (PRI) to expand cement services operations through:
- Equipment purchases: $390,000
- Equipment refurbishing: $60,000
- Labor: $100,000
- Remaining funds for working capital
The expansion aims to service both company-owned wells and generate additional revenue by serving other operators in the area where management sees high demand.
Nexera Energy Inc. (TSXV: NGY, OTC: EMBYF) has announced a non-brokered private placement offering to raise up to $600,000 through the issuance of up to 24,000,000 units at $0.025 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.10 for 24 months.
The offering includes an acceleration clause that can reduce the warrant expiry period if the stock price maintains $0.15 for 30 consecutive trading days. The net proceeds will be used by the 's subsidiary, Production Resources Inc. (PRI), with specific allocations:
- $390,000 for equipment purchases
- $60,000 for equipment refurbishing
- $100,000 for labour
- Remaining balance for working capital
The funds will expand PRI's cement services branch and well servicing operations, serving both the company's wells and other operators in the area. All securities issued will have a four-month hold period, and the offering requires TSX Venture Exchange approval.
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) announced the resignation of Gibson C. Scott as Director and Chief Operating Officer. Scott had been on the board since April 2003, serving for over 20 years. Shelby Beattie, President and CEO of Nexera, expressed gratitude for Scott's contributions, describing him as a mentor whose influence will continue to be felt as the company moves forward.
The announcement, made on September 26, 2024, marks a significant change in Nexera's leadership structure. The company, based in Calgary, AB and San Antonio, TX, did not provide immediate information about a successor or the reasons behind Scott's departure.
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) has provided an update on its delayed filing of annual financial statements and MD&A. The company is currently subject to a management cease trade order (MCTO) issued by the Alberta Securities Commission. This MCTO restricts trading in Nexera's securities by the CEO and CFO until the Annual Filings are submitted.
Nexera's management now expects to file the Annual Filings on or before September 27, 2024, later than the previously anticipated date of September 13, 2024. The company confirms that there have been no material changes since the initial Default Announcement and no additional defaults are anticipated. Nexera will continue to issue bi-weekly default status reports to comply with alternative information guidelines.
Nexera Energy Inc. (TSX Venture:NGY, OTC PINK:EMBYF) has provided a bi-weekly default status report regarding the delayed filing of its annual financial statements and MD&A for the year ended March 31, 2024. The company is currently subject to a management cease trade order (MCTO) issued by the Alberta Securities Commission, restricting trading by the CEO and CFO until the Annual Filings are submitted.
Nexera's management expects to file the Annual Filings by September 13, 2024. The company confirms no material changes since the initial default announcement and no additional defaults are anticipated. Nexera will continue to issue bi-weekly default status reports to comply with alternative information guidelines set out in National Policy 12-203.
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) has closed its non-brokered private placement, issuing 31,000,000 units at $0.025 per unit, raising $775,000. Each unit includes one common share and one warrant, exercisable at $0.10 for 24 months. The warrants have an acceleration clause if the stock price exceeds $0.15 for 30 consecutive trading days.
The proceeds will be used by Nexera's subsidiary, Production Resources Inc. (PRI), to expand into cement services for well plugging and abandonment in South Texas. This strategy aims to save costs on Nexera's own wells and generate revenue from other operators. The funds will be allocated to equipment purchases ($170,000), refurbishing ($110,000), field testing ($120,000), permitting ($85,000), and labor ($100,000).
Nexera Energy Inc. (TSX Venture:NGY, OTC Pink:EMBYF) has provided a bi-weekly default status report regarding the delayed filing of its annual financial statements for the year ended March 31, 2024. The company is currently under a management cease trade order (MCTO) issued by the Alberta Securities Commission, restricting trading by the CEO and CFO until the Annual Filings are submitted.
Nexera's management expects to file the Annual Filings by September 13, 2024. The company confirms no material changes since the initial default announcement and no additional defaults. Nexera will continue to issue bi-weekly status reports to comply with alternative information guidelines set out in National Policy 12-203.
Nexera Energy Inc. (TSX Venture:NGY, OTC PINK:EMBYF) has provided a bi-weekly default status report regarding the delayed filing of its annual financial statements and MD&A for the year ended March 31, 2024. The company is currently under a management cease trade order (MCTO) issued by the Alberta Securities Commission, restricting trading by the CEO and CFO until the Annual Filings are submitted.
Nexera's management expects to file the Annual Filings by September 13, 2024. The company confirms no material changes since the initial default announcement and no additional defaults are anticipated. Nexera will continue to issue bi-weekly status reports to comply with alternative information guidelines set out in National Policy 12-203.
Nexera Energy Inc. (TSXV:NGY)(OTC PINK:EMBYF) has announced an increase in its previously reported non-brokered private placement. The revised offering now proposes up to $775,000, with a maximum of 31,000,000 units at $0.025 per unit. Each unit includes one common share and one warrant, exercisable at $0.10 for 24 months.
The net proceeds will be used by Nexera's subsidiary, Production Resources Inc. (PRI), to expand into cement services for well plugging and abandonment in South Texas. This strategy aims to save costs on Nexera's own wells and generate additional revenue by servicing other operators. The company plans to allocate funds for equipment purchases, refurbishing, field testing, permitting, and labor.
The offering is expected to close by August 16, 2024, subject to TSX Venture Exchange approval.
Nexera Energy Inc. (TSX Venture:NGY)(OTC Pink:EMBYF) has announced a delay in filing its annual financial statements, MD&A, and related certifications for the year ended March 31, 2024. The delay is due to the auditors' late receipt of certain information, caused by resolved internal staffing and software issues. Nexera expects to file the Annual Filings by September 13, 2024, missing the original July 29, 2024 deadline.
The company has applied to the Alberta Securities Commission for a management cease trade order (MCTO) in light of the anticipated default. If granted, the MCTO will not affect trading by persons who are not directors, officers, or insiders of the company. Nexera plans to follow the Alternative Information Guidelines, including issuing bi-weekly default status reports.
FAQ
What is the market cap of Nexera Energy (EMBYF)?
