Source: ThinkGeoEnergy
  • NXT Energy Solutions (SFD) has closed a private placement for net proceeds of $1,882,195
  • The company issued 9,658,282 common shares for $0.195 per share, 95% of which were purchased by company insiders
  • NXT Energy Solutions is a Canadian company that provides geophysical services to the upstream oil and gas industry
  • NXT Energy Solutions Inc. (SFD) opened trading at C$0.20

NXT Energy Solutions (SFD) has closed its previously-announced private placement for net proceeds of $1,882,195.

The company issued 9,658,282 common shares for $0.195 per share.

Insiders purchased a total of 9,178,282 common shares for $1,789,765.

All common shares issued will be subject to a statutory hold period of four months.

Net proceeds will be used support business development and marketing.

NXT Energy Solutions is a Canadian company that provides geophysical services to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system.

NXT Energy Solutions Inc. (SFD) opened trading at C$0.20.


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