GTOO
ORIGINAL: G2 Closes Second Tranche of Non-Brokered Private Placement to Settle Debt
2023-05-12 08:06 ET - News Release
(via TheNewswire)
Vancouver, British Columbia – TheNewswire - May 12, 2023 - G2 Energy Corp. (CSE:GTOO ) , ( FWB:UD9) (the " Company " or " G2 ") announces today that it has closed the second tranche of a non-brokered private placement issuing 5,110,000 common shares (the “ Common Shares ”) in the capital of the Company at a deemed price of $0.02 per Common Share to settle $102,200.00 in debt.
The securities issued pursuant to the first tranche of the Private Placement are subject to a statutory hold period of four (4) months plus one (1) day hold that expires on September 12, 2023 respectively.
On Behalf of the Board,
“ Slawek Smulewicz ”
Slawek Smulewicz
CEO
For further information, please contact
John Costigan
VP Corporate Development
O: +1 778 775 4985
E: info@g2.energy
W: WWW.G2.ENERGY
About G2 Energy Corp.
G2 is a junior oil and gas producer listed on the CSE exchange. It's primary focus is to acquire and develop additional overlooked, low risk, high return opportunities in the oil and gas sector. G2's strategy is to obtain a portfolio of risk-managed production and development opportunities onshore, U.S.A. In May 2022, G2 acquired the Masten Unit in the Permian Basin, Texas. The Masten Unit is the Company's first producing asset. G2 is targeting top tier projects with operating netbacks and infrastructure facilities which will fast track overall oil and gas production growth.