New Zealand Energy Corp. Announces Private Placement

Executive Summary

• New Zealand Energy Corp. is proposing a non‑brokered offering of up to 17,500,000 common shares at C$0.20 per share, targeting gross proceeds of up to C$3.5 million.
• Net proceeds are intended to fund the advancement of the company’s gas storage business and for general corporate purposes.
• The offering is expected to close on or about February 5, 2026, subject to customary conditions including TSX Venture Exchange approval.

Key Details

• Offering Size: Up to 17,500,000 common shares.
• Price per Share: C$0.20 (offering price).
• Gross Proceeds Target: Up to C$3.5 million.
• Offering Structure: Non‑brokered private placement made pursuant to NI 45‑106 Part 5A and Coordinated Blanket Order 45‑935; available primarily to Canadian residents, with limited availability to qualified investors in the U.S. and U.K. under applicable securities law exemptions.
• Use of Proceeds:
• Advancement of gas storage projects (e.g., Tariki Gas Storage Project).
• General corporate purposes.
• Closing Date: Expected on or about February 5, 2026, or earlier/later at the Company’s discretion.
• Conditions to Closing: Receipt of all required regulatory approvals, including conditional approval from the TSX Venture Exchange; satisfaction of customary closing conditions.
• Advisory Fees: The Company may incur arm‑length advisory fees in connection with the offering.
• Regulatory Notices: Shares are not registered under U.S. securities laws and cannot be offered or sold to U.S. persons absent an exemption or registration.

Notable Quotes

(No direct quotes were included in the release.)