Nexera Energy (TSE:NGY) has released an update.
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Nexera Energy Inc. has announced a non-brokered private placement offering aiming to raise up to $650,000 by issuing 26 million units at $0.025 each, with each unit comprising a common share and a share purchase warrant. The proceeds are earmarked for its subsidiary, Production Resources Inc., to develop a cement services branch for plugging and abandoning oil and gas wells, which is expected to save costs and generate additional revenue. The offering, which replaces a previous debenture offering, is subject to TSX Venture Exchange approval.
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