Wellington, New Zealand–(Newsfile Corp. – October 20, 2023) – New Zealand Energy Corp. (TSXV: NZ) (“NZEC” Or “company“) announced today that, in connection with the existing CAD$2,000,000 convertible loan agreement with Arizona Finance Limited, its July 20, 2021, August 16, 2021, July 18, 2022, October 31, 2022 and April 6, 2023 releases Further, the term of such convertible loan agreement has been extended to July 20, 2025 with the agreement of both the Company and Arizona Finance Limited, subject to the approval of the TSX Venture Exchange.Thank you for reading this post, don't forget to subscribe!
From the Board of Directors
New Zealand Energy Corporation
New Zealand Energy Link
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain statements that constitute forward-looking statements or information (“forward-looking statements”), including statements regarding NZEC’s business and the proposed expansion of the convertible loan agreement. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond NZEC’s control, including general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, inaccuracy of reserve estimates, environmental Impact of risks involved. Operational risks in exploration and development include competition from other industry participants, lack of availability of qualified personnel or management, stock market volatility and the ability to access adequate capital from internal and external sources. Although NZEC believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions relating to future events that may prove to be incorrect. Those factors and assumptions are based on currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that may affect actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. As such, readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given regarding future results, levels of activity or achievements. The forward-looking statements included in this document are made as of the date of this document and, except as required by applicable law, NZEC undertakes no obligation to publicly update or revise any of the forward-looking statements included. , whether as a result of new information, future events or any other outcome. Forward-looking statements included in this document are expressly qualified by this cautionary statement.
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