CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.

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CGX Energy Inc

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Post by AwareInvestoron Sep 24, 2021 8:57am

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Post# 33913182

CGX Energy To Raise $73.6 Million Via Rights Offering, Front

CGX Energy this morning announced that is has secured funding for a bridge loan via a rights offering that is to be conducted by the company. The firm will look to raise up to $73.6 million under the offering, which will enable the company to continue to fund its operations.

https://thedeepdive.ca/cgx-energy-to-raise-73-6-million-via-rights-offering-frontera-to-act-as-backstop/

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