BRIEF

on NXT Energy Solutions, Inc. (isin : CA62948Q1072)

NXT Energy Solutions Announces Conversion of Debentures

NXT Energy Solutions Inc., a Calgary-based technology company, has announced that Ataraxia Capital has converted its debentures into company shares. The conversion totals US$2,300,000, resulting in Ataraxia owning about 14.6% of NXT's common shares.

Bruce G. Wilcox, CEO of NXT, expressed satisfaction with Ataraxia becoming a major shareholder. He also thanked Dr. Daere Akobo, Ataraxia's CEO, for his support during NXT's transition period.

This development marks a significant step in strengthening the relationship between NXT and Ataraxia, highlighting their strategic alliance in the resource exploration sector.

R. H.

Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all NXT Energy Solutions, Inc. news