NZ New Zealand Energy Corp

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


New Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) ("NZEC" or the "Company")
has received a receipt from the British Columbia Securities Commission for the
Company's preliminary short form prospectus, filed in relation to the recently
completed non-brokered private placement that raised gross proceeds of $16.1
million.


The Company issued 48.9 million subscription receipts ("Subscription Receipts")
at a price of $0.33 per Subscription Receipt. The Subscription Receipts are
convertible into units (the "Units") consisting of one common share (a "Share")
and one-half of one non-transferable share purchase warrant (each whole warrant
referred to as a "Warrant") of the Company. Each Warrant will entitle the holder
to acquire one Share at a price of $0.45 with an expiry date of October 28,
2014. Each Subscription Receipt will automatically convert into one Unit on the
date that a final receipt for the prospectus has been issued by the applicable
regulatory authorities. The Shares and the Shares underlying the Warrants will
be free-trading on conversion of the Subscription Receipts and exercise of the
Warrants.


The securities offered have not been and will not be registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or applicable exemption from the registration
requirements. This news release does not constitute an offer to sell or the
solicitation of any offer to buy nor will there be any sale of these securities
in any province, state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such province, state or jurisdiction.


Investors can request a copy of the prospectus by emailing
info@newzealandenergy.com or can download the prospectus from SEDAR at
www.sedar.com.


On behalf of the Board of Directors

John Proust, Chief Executive Officer & Director

About New Zealand Energy Corp.

NZEC is an oil and natural gas company engaged in the production, development
and exploration of petroleum and natural gas assets in New Zealand. NZEC's
property portfolio collectively covers approximately 2.25 million acres
(including permits and acquisitions pending) of conventional and unconventional
prospects in the Taranaki Basin and East Coast Basin of New Zealand's North
Island. The Company's management team has extensive experience exploring and
developing oil and natural gas fields in New Zealand and Canada. NZEC plans to
add shareholder value by executing a technically disciplined exploration and
development program focused on the onshore and offshore oil and natural gas
resources in the politically and fiscally stable country of New Zealand. NZEC is
listed on the TSX Venture Exchange under the symbol "NZ" and on the OTCQX
International under the symbol "NZERF". More information is available at
www.newzealandenergy.com or by emailing info@newzealandenergy.com.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


This document contains certain forward-looking information and forward-looking
statements within the meaning of applicable securities legislation (collectively
"forward-looking statements"). The use of the word "will" and similar
expressions are intended to identify forward-looking statements. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated
in such forward-looking statements. Such forward-looking statements should not
be unduly relied upon. The Company believes the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct. This document contains
forward-looking statements and assumptions pertaining to the following: the
ability of the Company to file and receive a receipt for a final prospectus; the
granting of regulatory approvals; the timing for receipt of regulatory
approvals; the conversion of the subscription receipts and timing for such
conversion. Actual results could differ materially from those anticipated in
these forward-looking statements as a result of the risk factors set forth in
the Company's preliminary prospectus and documents incorporated by reference in
the preliminary prospectus. The forward-looking statements contained in the
document are expressly qualified by this cautionary statement. These statements
speak only as of the date of this document and the Company does not undertake to
update any forward-looking statements that are contained in this document,
except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New Zealand Energy Corp.
John Proust
Chief Executive Officer & Director
North American toll-free: 1-855-630-8997


New Zealand Energy Corp.
Bruce McIntyre
Executive Director
North American toll-free: 1-855-630-8997


New Zealand Energy Corp.
Rhylin Bailie
Vice President Communications & Investor Relations
North American toll-free: 1-855-630-8997


New Zealand Energy Corp.
Chris Bush
New Zealand Country Manager
New Zealand: 64-6-757-4470
info@newzealandenergy.com
www.newzealandenergy.com

New Zealand Energy (TSXV:NZ)
Historical Stock Chart
From Jun 2024 to Jul 2024

New Zealand Energy (TSXV:NZ)
Historical Stock Chart
From Jul 2023 to Jul 2024