Vancouver, British Columbia--(Newsfile Corp. - December 23, 2024) - Nextraction Energy Corp. (OTC: NXTFF) (the "Corporation") acquired a demand promissory note (the "Note") from an unrelated party with a principal amount of $116,800. The Corporation assigned the Note to a recently incorporated wholly-owned subsidiary corporation, 1514597 B.C. Ltd. (the "Subsidiary") in exchange for 84,000 Class B shares and 32,800 Class A shares of the Subsidiary to provide the Subsidiary with working capital to explore future financings and business opportunities.
On Behalf of the Board,
"John A. Versfelt"
John A. Versfelt, CEO
For further information, please contact:
John A. Versfelt
202 - 2608 Shaughnessy Street,
Port Coquitlam, BC V3C 3G6
Tel: 604-527-8146
*****
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Not for distribution to United States newswire services or for dissemination in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235002
SOURCE: Nextraction Energy Corp.
