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.
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