
LNG Energy Group Announces Partial Revocation of Cease Trade Order and Proposed Private Placement | LNGNF Stock News

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LNG Energy Group Corp. announced a partial revocation of a cease trade order by the Ontario Securities Commission, allowing the company to proceed with a private placement of up to $2 million. The funds will be used for filing outstanding documents, covering fees, and general expenses. Each unit in the placement is priced at $0.05, consisting of one common share and a warrant. The placement is subject to market conditions and will be conducted on a prospectus exempt basis. Securities issued will be subject to a hold period of four months and a day.
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