New Zealand Energy Corp.
TSX VENTURE : NZ
OTCQX : NZERF

New Zealand Energy Corp.

November 19, 2013 07:00 ET

New Zealand Energy Receives Final Receipt for Short Form Prospectus Related to $16.1 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 19, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS

New Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) ("NZEC" or the "Company") has received a receipt from the British Columbia Securities Commission for the Company's short form prospectus, filed in relation to the recently completed non-brokered private placement that raised gross proceeds of $16.1 million. Shares related to the private placement will be free trading on November 21.

The Company issued 48.9 million subscription receipts ("Subscription Receipts") at a price of $0.33 per Subscription Receipt. On November 21 the Subscription Receipts will convert into units (the "Units"), consisting of one common share (a "Share") and one-half of one non-transferable share purchase warrant (each whole warrant referred to as a "Warrant") of the Company. Each Warrant will entitle the holder to acquire one Share at a price of $0.45 with an expiry date of October 28, 2014. The Company also issued three million finder's special warrants, which will convert into finder's warrants on November 21, each entitling the finder to acquire one Share at a price of $0.33 with an expiry date of October 28, 2014.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.

Investors can request a copy of the prospectus by emailing info@newzealandenergy.com or can download the prospectus from SEDAR at www.sedar.com.

On behalf of the Board of Directors

John Proust, Chief Executive Officer & Director

About New Zealand Energy Corp.

NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC's property portfolio collectively covers approximately 2.25 million acres (including permits and acquisitions pending) of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand's North Island. The Company's management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol "NZ" and on the OTCQX International under the symbol "NZERF". More information is available at www.newzealandenergy.com or by emailing info@newzealandenergy.com.

This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the word "will" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. This document contains forward-looking statements and assumptions pertaining to the timing related to issuance of shares and warrants. Actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth in the Company's preliminary prospectus and documents incorporated by reference in the preliminary prospectus. The forward-looking statements contained in the document are expressly qualified by this cautionary statement. These statements speak only as of the date of this document and the Company does not undertake to update any forward-looking statements that are contained in this document, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • New Zealand Energy Contacts
    North American toll-free: 1-855-630-8997
    John Proust - Chief Executive Officer & Director
    Bruce McIntyre - Executive Director
    Rhylin Bailie - Vice President Communications &
    Investor Relations

    New Zealand: 64-6-757-4470
    Chris Bush - New Zealand Country Manager
    Email: info@newzealandenergy.com
    Website: www.newzealandenergy.com