New Zealand Energy Corp. Announces Revocation of CTO, Resumption of Trading and Provides Corporate Update
New Zealand Energy Corp. (TSXV: NZ) announces the revocation of its cease trade order effective June 4, 2025, with trading expected to resume on June 27, 2025. The company secured short-term loans totaling C$482,000 from related parties Charlestown Energy Partners and Vliet Financing BV at 15% interest, due August 27, 2025.
The company faces a working capital deficiency of C$4,013,465, including a C$2.7M loan that can be terminated for C$500,000 and 1M common shares. If payment isn't made by July 31, 2025, the loan's maturity extends to September 20, 2026. To address the remaining C$1.3M deficiency, NZEC plans a private placement and aims to restore positive cash flow based on Q1 and Q2 2025 production activities.
New Zealand Energy Corp. (TSXV: NZ) annuncia la revoca del suo ordine di sospensione delle negoziazioni a partire dal 4 giugno 2025, con la ripresa delle contrattazioni prevista per il 27 giugno 2025. La società ha ottenuto prestiti a breve termine per un totale di 482.000 C$ da parti correlate, Charlestown Energy Partners e Vliet Financing BV, con un interesse del 15%, scadenza 27 agosto 2025.
La società presenta un deficit di capitale circolante di 4.013.465 C$, che include un prestito di 2,7 milioni di C$ che può essere estinto per 500.000 C$ e 1 milione di azioni ordinarie. Se il pagamento non sarà effettuato entro il 31 luglio 2025, la scadenza del prestito verrà prorogata al 20 settembre 2026. Per coprire il restante deficit di 1,3 milioni di C$, NZEC prevede un collocamento privato e mira a ripristinare un flusso di cassa positivo basato sulle attività produttive del primo e secondo trimestre 2025.
New Zealand Energy Corp. (TSXV: NZ) anuncia la revocación de su orden de suspensión de comercio a partir del 4 de junio de 2025, con la reanudación de las operaciones prevista para el 27 de junio de 2025. La compañía obtuvo préstamos a corto plazo por un total de 482,000 C$ de partes relacionadas Charlestown Energy Partners y Vliet Financing BV con un interés del 15%, vencimiento el 27 de agosto de 2025.
La empresa enfrenta una deficiencia de capital de trabajo de 4,013,465 C$, que incluye un préstamo de 2.7 millones de C$ que puede ser cancelado por 500,000 C$ y 1 millón de acciones comunes. Si el pago no se realiza antes del 31 de julio de 2025, el vencimiento del préstamo se extenderá hasta el 20 de septiembre de 2026. Para cubrir la deficiencia restante de 1.3 millones de C$, NZEC planea una colocación privada y busca restaurar un flujo de caja positivo basado en las actividades de producción del primer y segundo trimestre de 2025.
New Zealand Energy Corp. (TSXV: NZ)는 2025년 6월 4일부터 거래 정지 명령이 해제되며, 2025년 6월 27일부터 거래가 재개될 예정임을 발표했습니다. 회사는 관련 당사자인 Charlestown Energy Partners와 Vliet Financing BV로부터 15% 이자율로 만기일이 2025년 8월 27일인 단기 대출 총 482,000 캐나다 달러를 확보했습니다.
회사는 4,013,465 캐나다 달러의 운전자본 부족 상태에 있으며, 여기에는 270만 캐나다 달러의 대출이 포함되어 있는데, 이는 50만 캐나다 달러와 100만 보통주로 상환할 수 있습니다. 만약 2025년 7월 31일까지 상환하지 않을 경우, 대출 만기는 2026년 9월 20일까지 연장됩니다. 부족한 130만 캐나다 달러를 해결하기 위해 NZEC는 사모 발행을 계획하고 있으며, 2025년 1분기와 2분기 생산 활동을 기반으로 긍정적인 현금 흐름 회복을 목표로 하고 있습니다.
New Zealand Energy Corp. (TSXV : NZ) annonce la levée de son ordre de cessation de négociation à compter du 4 juin 2025, avec une reprise des échanges prévue le 27 juin 2025. La société a obtenu des prêts à court terme totalisant 482 000 C$ auprès de parties liées, Charlestown Energy Partners et Vliet Financing BV, à un taux d'intérêt de 15 %, échéance le 27 août 2025.
La société fait face à un déficit de fonds de roulement de 4 013 465 C$, incluant un prêt de 2,7 millions de C$ qui peut être remboursé pour 500 000 C$ et 1 million d'actions ordinaires. Si le paiement n'est pas effectué avant le 31 juillet 2025, l'échéance du prêt sera prolongée jusqu'au 20 septembre 2026. Pour combler le déficit restant de 1,3 million de C$, NZEC prévoit un placement privé et vise à rétablir un flux de trésorerie positif basé sur les activités de production du premier et du deuxième trimestre 2025.
New Zealand Energy Corp. (TSXV: NZ) gibt die Aufhebung seiner Handelsaussetzung mit Wirkung zum 4. Juni 2025 bekannt, wobei der Handel voraussichtlich am 27. Juni 2025 wieder aufgenommen wird. Das Unternehmen sicherte sich kurzfristige Darlehen in Höhe von insgesamt 482.000 C$ von verbundenen Parteien Charlestown Energy Partners und Vliet Financing BV zu 15 % Zinsen, fällig am 27. August 2025.
Das Unternehmen weist einen Kapitalfehlbetrag von 4.013.465 C$ auf, einschließlich eines Darlehens von 2,7 Mio. C$, das für 500.000 C$ und 1 Mio. Stammaktien abgelöst werden kann. Wenn die Zahlung nicht bis zum 31. Juli 2025 erfolgt, verlängert sich die Fälligkeit des Darlehens bis zum 20. September 2026. Um den verbleibenden Fehlbetrag von 1,3 Mio. C$ zu decken, plant NZEC eine Privatplatzierung und strebt an, basierend auf den Produktionsaktivitäten des ersten und zweiten Quartals 2025 einen positiven Cashflow wiederherzustellen.
- Cease trade order has been revoked, allowing trading to resume
- Secured C$482,000 in short-term bridge financing
- Potential reduction of C$2.7M loan to C$500,000 plus shares
- Loan maturity extension option to September 2026 if needed
- Significant working capital deficiency of C$4,013,465
- High interest rate of 15% on new short-term loans
- Additional share dilution expected through private placement
- Related party transactions may present conflicts of interest
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announces that it has received an order from the British Columbia Securities Commission dated effective June 4, 2025, granting the full revocation of the cease trade order previously issued on May 6, 2025. Upon the issuance of the cease trade order, the common shares of NZEC were suspended from trading on the TSX Venture Exchange ("TSXV"). The common shares will be reinstated for trading on the TSXV at the opening of trading on or about Friday, June 27, 2025.
The Company also announces that it has received short term loans in the amount of C
The Company also noted that, in connection with the working capital deficiency of C
On behalf of the Board of Directors
"Michael Adams"
Chief Executive Officer
New Zealand Energy Corp.
Tel: +64-6-757-4470
New Zealand Energy Corp. Contacts
Email: info@newzealandenergy.com
Website: www.newzealandenergy.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the business of the Company, including future plans and objectives, the outstanding loans of the Company, the proposed private placement and production activities. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects NZEC's current beliefs and is based on information currently available to NZEC and on assumptions NZEC believes are reasonable. These assumptions include, but are not limited to: the underlying value of NZEC and its common shares, TSX Venture Exchange approval of the amendment to the loan and TSX Venture Exchange approval of a private placement; NZEC's current and initial understanding and analysis of its projects and the development required for such projects; the costs of NZEC's projects; NZEC's general and administrative costs remaining constant; and the market acceptance of NZEC's business strategy. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NZEC to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; industry condition; volatility of commodity prices; imprecision of reserve estimates; environmental risks; operational risks in exploration and development; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation, including environmental legislation, affecting NZEC; the timing and availability of external financing on acceptable terms; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in NZEC's disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although NZEC has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of NZEC as of the date of this news release and, accordingly, is subject to change after such date. However, NZEC expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256825
FAQ
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