Early Warning Report Issued Pursuant to National Instrument 62-103 in Connection with the Conversion of Convertible Debentures of NXT Energy Solutions Inc.
-
Palmeiras edge Brazilian rivals Botafogo in extra time at Club World Cup
-
Fritz fuelled with confidence for Wimbledon after Eastbourne win
-
Debutant Tshituka scores twice as Springboks crush BaaBaas
-
Draper ready to fill Murray's shoes as Britain's Wimbledon hope
-
Biggest-ever Budapest Pride defies Orban ban in Hungary
-
Final third ability keeping Europe ahead as gap narrows: Wenger
-
South Africa teen Pretorius hits century on Test debut against Zimbabwe
-
'Cezanne at home': show retraces artist's roots in southern France
-
Leclerc on front row at Austrian GP as Ferrari upgrades bear fruit
-
Huge crowds build as Serbian protesters demand early elections
-
Irish rappers Kneecap perform controversial Glastonbury set
-
Pogba signs for Monaco, hoping to revive career
-
Fearless Alcaraz has third Wimbledon title in his sights
-
Norris savours finding 'the old me' in taking pole at Austrian GP
-
Trout Fresh, Waa Wei win Taiwan's top music awards
-
Raducanu 'just friends' with future doubles partner Alcaraz
-
Coaching upheaval won't dent Sinner's Wimbledon title charge
-
Norris secures pole at Austrian GP with stunning last lap to end Verstappen dominance
-
Joint wins Eastbourne title to end Eala's history bid
-
Gauff 'tired of talking' about Sabalenka French Open spat
-
Relieved Marc Marquez surges to Dutch MotoGP sprint win
-
Major turnout as Budapest Pride defies Orban's ban in Hungary
-
Wimbledon offers Djokovic 'best chance' to make Grand Slam history
-
Fans celebrate 'Squid Game' finale with Seoul parade
-
Sabalenka hoping to learn lessons from French Open outburst
-
Pegula downs Swiatek to win Bad Homburg grass-court title
-
Norris maintains upper hand on Piastri in Austrian GP practice
-
Pollock shines as Lions win big in Australia tour opener
-
Spain star Bonmati in hospital with viral meningitis
-
Europe bakes in summer's first heatwave as continent warms
-
Iran holds state funeral for top brass slain in Israel war
-
Quartararo takes pole for Dutch MotoGP
-
Nigerian Dambe boxing goes global -- amulets and charms included
-
Thousands protest calling for Thai PM's resignation
-
France bans smoking in beaches, in parks and bus shelters
-
Sri Lanka crush Bangladesh in second Test to seal series
-
Drilling for water in Venezuela's parched oil town
-
Budapest Pride to challenge Orban's ban in Hungary
-
Jamaica's Fraser-Pryce qualifies for 9th World Championships
-
'We must help them': Morocco students get peers back in school
-
Iran holds state funeral for top brass slain in war with Israel
-
Chelsea boss Maresca hails Fernandez ahead of Benfica Club World Cup clash
-
PSG Club World Cup reunion with Messi recalls unhappier times
-
Islanders take Canadian teen Schaefer first overall in NHL Draft
-
Knowles soars with eagles to share PGA Detroit lead
-
Trump hopeful for Gaza ceasefire, possibly 'next week'
-
Ireland's Maguire and American Kupcho seize LPGA pairs lead
-
Australia win first Test as West Indies batting order collapses
-
'Not a god': arguments end in Combs trial ahead of jury deliberations
-
Trump ends trade talks with Canada over tax hitting US tech firms
Early Warning Report Issued Pursuant to National Instrument 62-103 in Connection with the Conversion of Convertible Debentures of NXT Energy Solutions Inc.
CALGARY, AB / ACCESS Newswire / June 27, 2025 / MCAPM, LP ("MCAPM") and Michael P. Mork (collectively, "Mork Capital") announced today that they have filed an early warning report (the "Early Warning Report") under National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the exercise of their respective rights to convert (1) an aggregate of USD$1,000,000 principal amount of convertible debentures dated November 8, 2023, (the "November Debentures"), (2) an aggregate of USD$375,000 principal amount of debentures dated January 11, 2024 (the "January Debentures"), and (3) an aggregate of USD$2,000,000 principal amount of convertible debentures dated May 31, 2024 (the "2024 Debentures" and together with the November Debentures and the January Debentures, the "Convertible Debentures") into Common Shares of NXT (the "Conversion").
In connection with the Conversion, NXT issued an aggregate of 15,605,088 Common Shares to Mork Capital effective as of June 26, 2025. Immediately prior to the Conversion, Mork Capital owned, or exercised control or direction over, 14,921,233 Common Shares (or approximately 16.0% of the issued outstanding Common Shares on a non-diluted basis) and an aggregate of USD$3,375,000 principal amount of Convertible Debentures. After giving effect to the Conversion, Mork Capital owns, or exercises control or direction over, 30,526,321 Common Shares, representing approximately 28.0% of the issued and outstanding Common Shares of NXT.
A copy of the Early Warning Report will be available under NXT's profile at www.sedarplus.com or may be obtained by contacting Mork Capital at (707) 431-1057.
The head office address of NXT is 302 3320 17th Avenue SW Calgary, Alberta, Canada T3E 0B4. The head office of MCAPM is 132 Mill Street, #204, Healdsburg California, 95448.
Mork Capital is acquiring the Common Shares for investment purposes. Mork Capital may, from time to time, acquire additional Common Shares or other securities of NXT or dispose of some or all of the Common Shares or other securities of NXT that it owns at such time. Other than as set forth above, Mork Capital currently has no other plans or intentions that relate to or would result in any of the actions listed above, but depending on market conditions, general economic and industry conditions, trading prices of NXT's securities, NXT's business, financial condition and prospects and/or other relevant factors, Mork Capital may develop such plans or intentions in the future.
Forward-Looking Statements
The information in this news release has been prepared as at June 27, 2025. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking information" under the provisions of Canadian securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms. Forward-looking statements in this news release include statements relating to Mork Capital's future plans regarding NXT.
SOURCE: NXT Energy Solutions, Inc.
View the original press release on ACCESS Newswire
A.Mahlangu--AMWN
