Mr. Carlo Gutierrez: Early Warning Press Release in Accordance with National Instrument 62-103
Mr. Carlo Gutierrez issues this press release pursuant to Part 3 -
Early Warning Requirements of National Instrument 62-103 with respect to Nexera Energy Inc.
On December 16, 2020, pursuant to a private placement, Carlo Gutierrez (
Gutierrez ), a director of Nexera Energy Inc., acquired ownership of 4,804,600 units (the
Units ) of Nexera Energy Inc. (the
Corporation ) at a price of $0.05 per Unit, with each Unit being comprised of one common share and one common share purchase warrants (each a
Warrant ), whereby each Warrant is exercisable into one common share (a
Common Share ) in the capital of the Corporation at a price of $0.10 on or before December 16, 2021. The Common Shares and Warrants were issued by the Corporation in reliance upon Section 2.5(a) of National Instrument 45-106 -
Nexera Announces Closing of Private Placement albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
Nexera Energy Inc.: Nexera Announces Closing of Private Placement
Corporation , the
Company or
Nexera ) today reported that the Corporation has closed its previously announced private placement. Pursuant to this closing, an aggregate 21,704,600 units (
Units ) were issued (of which 7,804,600 Units were acquired by directors and officers of the Corporation) at a price of $0.05 per Unit, for aggregate consideration of $1,085,230. Each Unit consisted of one (1) Common Share of the Corporation and one (1) share purchase warrant (the
Warrant )
(each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 12 months from the issuance of the Units at a price of $0.10) (the
Early Warning Press Release in Accordance with National Instrument 62-103 albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
. and so the revised upward estimate of 5,000 barrels per day that was announced last night is a reflection of those calculations. it s quite likely we will continue to pay close attention to what is on the surface and to do these numbers, and there may be estimates revised estimates down the road. but this is simply observing where the oil is coming out is insufficient to really calculate any flow rate with any degree of accuracy. it was mentioned that a relief well permit was granted that could happen within the next coming days, but a company representative himself said it could take up to 90 days for that relief well to be that s how long the original was to be effective. so how long are we talking about before this can get under control? well, there are several potential ways to get this under control. first of all, the relief valve is the final and most assured final step that would be to essentially drill down the 19,000 feet to where the formation