Nexera Energy Closes $775,000 Private Placement

Nexera Energy Inc. has completed a non-brokered private placement, issuing 31,000,000 units at $0.025 per unit, totaling $775,000. Each unit includes one common share and one share purchase warrant. These warrants allow holders to purchase additional shares at $0.10 within 24 months.

After four months, should Nexera's shares trade at or above $0.15 for 30 days, the warrant expiry date will accelerate. This triggers a 30-day expiry period post-announcement. Net proceeds will help Nexera's subsidiary, Production Resources Inc. (PRI), expand its oil and gas services. PRI aims to acquire equipment and hire labor to develop a cement services branch for well plugging and abandonment in South Texas.

Nexera plans to allocate the funds for equipment purchases ($170,000), refurbishing ($110,000), field testing ($120,000), permitting and commercialization ($85,000), and labor ($100,000), with remaining funds used as working capital. The shares and warrants are subject to a four-month hold and are pending TSX Venture Exchange approval.