Nexera Energy Signs Letter of Intent with Lender to Convert All Outstanding Loans to Royalty Structure
CALGARY, AB / ACCESSWIRE / March 20, 2023 / Nexera Energy Inc. (TSX Venture:NGY) (the "Corporation", the "Company" or "Nexera") is pleased to announce that the Company, and the Company's sole private lender ("Lender"), have signed a letter of intent whereby all outstanding loans, totalling $13,961,222, will be converted to a sliding scale gross overriding royalty ("GORR"). Additionally, the GORR will be capped at a maximum of $10,000,000.The...
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