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; TSXV: NGY) is an energy company in the crude petroleum and natural gas extraction industry that regularly issues news releases on its operations, financings and regulatory matters. This news page aggregates those disclosures so readers can review how the company communicates developments affecting its business and capital structure.
According to recent announcements, Nexera’s news flow often focuses on oil and gas activities in South Texas through its wholly owned subsidiary, Production Resources Inc. ("PRI"). The company has reported on the settlement of a dispute over unpaid operating fees and expenses, under which it accepted ownership of certain oil-producing properties in South Texas. Nexera has also discussed options to optimize production performance or otherwise use these assets to support its balance sheet.
Another recurring theme in Nexera’s news is capital raising through non-brokered private placements of units consisting of common shares and share purchase warrants. These releases describe the size of offerings, warrant terms such as exercise prices and acceleration clauses, and the intended use of proceeds within PRI for equipment purchases, well optimization programs, labour and working capital.
Corporate and regulatory updates also feature prominently. Nexera has issued detailed reports on delays in filing audited annual financial statements and related disclosures, the resulting cease trade order and management cease trade order, and subsequent completion of required filings. The company additionally reports on annual meetings of shareholders and changes in its board and management.
Investors and observers can use this page to review Nexera’s historical and ongoing communications regarding its South Texas operations, financing activities, regulatory status and governance decisions, all drawn from the company’s own public news releases.
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.
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) has announced a delay in filing its annual financial statements and related documents 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 August 28, 2024, missing the original July 29, 2024 deadline.
The company has applied for a management cease trade order (MCTO) with the Alberta Securities Commission to address the anticipated default. If granted, the MCTO will not affect trading by persons who are not directors, officers, or insiders of Nexera. The company plans to issue bi-weekly default status reports while in default.
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