NXT Announces Strategic Alliance With Synergy E&P Technologies Limited and a US$2.3 Million Convertible Debenture Financing by a Synergy Affiliate
PE Energy Limited, an affiliate of Synergy, has performed several commercial projects with NXT in Africa in the past.
- PE Energy Limited, an affiliate of Synergy, has performed several commercial projects with NXT in Africa in the past.
- Synergy and NXT will work closely together to train local technical teams and regulatory authorities on the patented SFD® technology application and related knowledge transfer.
- Building upon a record of successful collaborations underpinned by the continued market demand in Africa, an affiliate of Synergy has agreed to participate in a US$2.3 million convertible debenture financing.
- The Company has made an application to the Toronto Stock Exchange for conditional approval of this Convertible Debenture financing.