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NRG Metals Inc. V.NGZ

"NRG Metals Inc is a Canadian based mining company. It is engaged in the identification, acquisition, and exploration of mineral properties in Quebec, Canada, Guyana, and Argentina. The company has two lithium brine projects, located in Argentina. Its project includes Hombre Muerto North Project."


TSXV:NGZ - Post by User

Post by SoapD1shon Jul 24, 2019 10:40am
184 Views
Post# 29954419

Private Placement hasn't closed yet?

Private Placement hasn't closed yet?
I'm confused as to what's happened here since Jose left (and curious as to why he left NGZ). It's been a downhill spiral since then... Feb 6: PEA update was great news and results. Economic feasibility was in the green. March 11: share consolidation. (I lost 8K in a 4 day span through the chaos). May 14: Private placement for 0.225/unit (4.5million total - did not close) June 17: Private placement for 0.12/unit ($960K - did not close) it keeps getting worse. the PEA results are good but the latest private placement for funding still hasn't closed. Something is happening internally because none of this makes sense to me. I've a large sum here... I don't think I have the patience for these games anymore... Anybody with any generic insight would be nice. I'd like to try understand the different things that could be happening. Not even a 0.12/unit $960K fund raising has been close and it's been over a month!
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