NXT Energy Solutions Inc.
OTC Bulletin Board : NSFDF

June 16, 2009 14:30 ET

NXT Completes Small Private Placement

CALGARY, ALBERTA--(Marketwire - June 16, 2009) - NXT Energy Solutions Inc. (TSX VENTURE:SFD) (OTCBB:NSFDF) (FRANKFURT:EFW) ("NXT" or the "Company") announces that it has closed a private placement financing of 25,000 common shares of the Company ("Common Shares") at a price of Cdn. $2.01 per Common Share for aggregate gross proceeds of $50,250. The subscriber to this private placement is a spouse of an officer of the Company and this private placement satisfies a commitment to acquire Common Shares that originated in 2008. The Common Shares are subject to a four month hold period.

NXT is in the business of providing wide-area airborne services to clients utilizing its proprietary SFD Survey System to search for new oil and gas fields. The Company rapidly identifies and ranks prospective areas with sub-surface structure and reservoir potential. Our service provides an efficient, cost effective method for surveying large tracts of land and delivering an inventory of high impact SFD qualified prospects.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • NXT Energy Solutions Inc.
    Ken Rogers
    VP Finance and CFO
    (403) 264-7020
    (403) 264-6442 (FAX)
    NXT Energy Solutions Inc.
    505 - 3rd Street, S.W., Suite 1400
    Calgary, Alberta, Canada T2P 3E6
    Email: nxt_info@nxtenergy.com
    Website: www.nxtenergy.com
    The Howard Group Inc.
    Dave Burwell
    (403) 410-7907
    (403) 237-8387 (FAX)
    The Howard Group Inc.
    300, 1032 - 17th Avenue SW
    Calgary, AB, Canada T2T 0A5
    Email: info@howardgroupinc.com
    Website: www.howardgroupinc.com