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Nexera Energy ( (TSE:NGY) ) just unveiled an announcement.
Nexera Energy Inc. announced a non-brokered private placement offering to raise up to $600,000 through the issuance of up to 40 million units, each comprising one common share and one share purchase warrant. The proceeds will be used to expand its oil and gas services, including a well optimization program and acquiring equipment to enhance cement services operations. This initiative is expected to bring inactive wells online and generate additional revenue by servicing other operators’ wells, subject to TSX Venture Exchange approval.
More about Nexera Energy
Nexera Energy Inc. is an energy company with oil-producing properties in Southwest Texas. It owns and operates the Lavernia, Wooden Horse, and Stockdale Horizon Projects and has full ownership of Production Resources Inc., a South Texas oil company.
Average Trading Volume: 60,261
Technical Sentiment Signal: Hold
Current Market Cap: C$1.95M
For an in-depth examination of NGY stock, go to TipRanks’ Overview page.