SFD. NXT Energy Solutions Inc

NXT Energy Solutions Inc. Completes Targeted Issuer Bid, Canceling 4,166,667 Common Shares

NXT Energy Solutions Inc. Completes Targeted Issuer Bid, Canceling 4,166,667 Common Shares

CALGARY, Alberta, Dec. 10, 2019 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD; OTC QB:NSFDF) is pleased to announce that, having received all necessary regulatory approvals, it has acquired an additional 736,630 common shares in the capital of the Company (the "Common Shares") from Alberta Green Ventures Limited Partnership ("AGV") at a price of C$0.30 per Common Share (a 36% discount from the C$0.47 closing price of the Common Shares on the Toronto Stock Exchange on December 6, 2019) for gross expenditures of C$220,989. The Company has now completed the previously announced C$1,250,000 targeted issuer bid, acquiring an aggregate of 4,166,667 Common Shares representing approximately 6.08% of the total outstanding Common Shares as of November 14, 2019 (the "Targeted Issuer Bid").

For further information regarding the Targeted Issuer Bid, please see the Company’s news releases dated November 18, 2019 and December 4, 2019, and the material change report filed on November 25, 2019. 

About NXT Energy Solutions Inc.

NXT Energy Solutions Inc. is a Calgary-based technology company with its principal office at Suite 302, 3320 – 17th Avenue SW, Calgary, Alberta, Canada. NXT's proprietary SFD® survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify traps and reservoirs with exploration potential. The SFD® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.  SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Contact Information

For investor and media inquiries please contact:

Eugene WoychyshynGeorge Liszicasz 
Vice President of Finance & CFOPresident & CEO
EN
10/12/2019

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Early Warning Report Issued Pursuant to National Instrument 62-103 in ...

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May 30, 2025 1 EN
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A director at NXT Energy Solutions Inc bought 50,000 shares at 0.210USD and the significance rating of the trade was 34/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...

SFD. NXT ENERGY SOLUTIONS INC
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February 29, 2024 1 EN
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January 12, 2024 1 EN
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NXT Energy Solutions Provides Update on Turkish SFD® Survey

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January 3, 2024 1 EN

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