NZ Energy Corp secures funding with director’s assistance

Wed, 02 Oct 2013

Oct. 2 (BusinessDesk) – New Zealand Energy Corp has cobbled together the financial backing it needs to complete the long-delayed purchase of gas assets from Origin Energy, including a C$1 million contribution from an unnamed director to get it over the line. The Vancouver-based Taranaki oil explorer and producer has struggled to raise the C$33.7 million it needs to buy the Tariki, Waihapa and Ngaere petroleum mining licences and associated production facilities from Australia’s Origin Energy. In the process of finding the funds, NZ Energy Cor...

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