Exchange Bulletin
NG Energy International Corp. (GASX, GASX.WT.A, GAS) To Trade On Toronto Stock Exchange
April 30, 2026
Issuer: NG Energy International Corp. (the "Company")
| Securities : | Symbol | Issued and Outstanding Securities or $ Principal Amount | Reserved Securities | Trading Currency |
|---|---|---|---|---|
| Common Shares ("Shares") | GASX | 271,071,298 | 161,854,499 | CDN$ |
| Share Purchase Warrants ("Warrants") | GASX.WT.A | 6,858,800 | 0 | CDN$ |
| Convertible Debentures ("Debentures") | GASX.DB | $16,007,000 | 0 | CDN$ |
| Listing and posted for trading date: | April 30, 2026 (at the opening) |
| Listing category: | Oil and Gas Companies |
| Other market: | The Shares have been listed on TSX Venture Exchange ("TSXV") since November 16, 2020 under the symbol "GASX". The Warrants and Debentures have been listed on TSXV since June 2, 2022. The aforementioned securities will be delisted from TSXV on April 30, 2026 upon commencement of trading on Toronto Stock Exchange. |
| Temporary market maker: | RBC Capital Markets |
| Investor relations: | Lucas Cahill (971) 58 598 2532 lcahill@ngenergyintl.com |
| Incorporation: | Business Corporations Act (British Columbia). |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is an oil and natural gas exploration company with interests in three Colombian properties. As of November 2024, the Company is producing and selling natural gas from two of its Colombian properties: the Maria Conchita Block and the Sinú-9 Block. |
| Transfer agent and registrar for the Shares: | Odyssey Trust Company at its principal offices in Vancouver, Calgary and Toronto. |
| Dividends: | The Company has not paid dividends to date on the Shares and has no plans to pay dividends in the foreseeable future. |
| Sponsorship: | Not applicable. |
Principal Terms of the Warrants:
| Exercise price: | $1.40 per Share |
| Expiry Date: | May 20, 2027 The Company shall be entitled, at its sole option to accelerate the Expiry Date to a date that is not less than 30 days following the date on which the Acceleration Notice is delivered, if the volume weighted average trading price of the Shares is greater than $2.00 for a period of ten consecutive trading days immediately preceding the date on which the Acceleration Notice is delivered. |
| Transfer agent and registrar for the Warrants | TSX Trust Company at its principal office in Toronto. |
| Disclosure document: | Warrant indenture dated May 20, 2022, which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
Principal Terms of the Debentures:
| Security: | 8.0% Senior Unsecured Convertible Subordinated Debentures |
| Trading currency: | CDN$ |
| Trading rules: | The Debentures will be quoted and traded on an accrued interest basis, i.e. all bids, offers and trades of the Debentures will reflect only the capital portion of the Debentures and will not reflect accrued interest. Accrued interest must be reflected in the seller's and buyer's settlement amount, and must be reflected on the confirmation with clients. The Debentures, which are issuable in the minimum principal amount of $1,000 each, will be quoted based on $100 principal amounts with all trades being made in multiples of $1,000. The minimum trading unit of Debentures is $1,000 and a board lot of Debentures is $1,000. |
| Maturity date: | May 20, 2027 |
| Interest payment dates: | Interest is payable monthly in arrears on the last day of the month. The next interest payment calculation following listing on TSX will be for the period from and including April 30, 2026, to but excluding May 31, 2026. |
| Interest rate: | 8% per annum. Interest is calculated on the basis of a 360-day year. |
| Conversion: | At the option of the holder into Shares (Symbol: GASX), at any time prior to the close of business on the earliest of (a) the business day preceding the Maturity Date or Redemption Date; or, (b) if called for repurchase pursuant to a Change of Control, on the business day immediately preceding the payment date at a price of $1.20 per Share or 833 shares for each $1,000 principal amount of Debentures. |
| Transfer agent and registrar for the Debentures | TSX Trust Company at its principal office in Vancouver. |
| Disclosure document: | The Debenture Indenture dated May 20, 2022, which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
| TSX contact: | Anne Child, Managing Director, TSX Listings |