LNG Energy Group extends C$0.05-unit private placement price reservation to Nov. 4
LNG•LNG Energy Group extended its private placement price reservation to Nov. 4, 2026, for units priced at C$0.05 each. The company sold 9,438,071 units in its first tranche for gross proceeds of about C$471,903.
1. Placement extension
LNG Energy Group extended the price reservation for its non-brokered private placement to Nov. 4, 2026, with terms unchanged. Each C$0.05 unit includes one common share and one warrant exercisable at C$0.10 for 36 months; the company is targeting additional tranches by Nov. 4.
2. First tranche proceeds
The first tranche closed Aug. 17, 2026, with 9,438,071 units sold for gross proceeds of about C$471,903. The company plans to use the proceeds to clear disclosure filings, cover related costs, support working capital and seek full revocation of its cease-trade order.
