New Zealand Energy Announces Private Placement of up to $15 Million VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/19/13 -- 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") is pleased to announce the terms of a non-brokered private placement of up to $15 million (the "Offering"). The Offering is scheduled to close by September 30 and will consist of up to 45.5 million of subscription receipts (the "Subscription Receipts") at a price of $0.33 per Subscription Receipt. The Subscription Receipts will be 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 for a period of 12 months following closing of the Offering. The proceeds from the sale of the Subscription Receipts will be used to complete the acquisition of assets (the "Acquisition") from Origin Energy Resources NZ (TAWN) Limited, a wholly-owned subsidiary of Origin Energy Limited (ASX:ORG) (collectively "Origin") and for general working capital. The funds will be held in escrow and released on closing of the Acquisition. See the Company's June 17, July 30, August 6 and August 12 news releases for details regarding the Acquisition. If the Company is unable to close the Acquisition then the proceeds from the sale of the Subscription Receipts will be returned to the subscribers. NZEC will file a short form prospectus with the applicable regulatory authorities in each of the provinces of Canada where Subscription Receipts are sold. Each Subscription Receipt will automatically convert into one Unit on the date that the Acquisition closes (the "Acquisition Closing Date") if a final receipt for the prospectus has been issued by the applicable regulatory authorities. If NZEC has not received a final receipt for its prospectus by the Acquisition Closing Date, then the Subscription Receipts will convert into Units when a prospectus receipt is issued or at the latest on the date that is four months and one day from the closing of the Offering. The Shares and the Shares underlying the Warrants will be free-trading on conversion of the Subscription Receipts. NZEC will pay a finder's fee to qualified persons comprised of a 7% cash commission plus finder's warrants (the "Finder's Warrants") of the Company in an amount equal to 7% of the number of Subscription Receipts issued by the Company. Each Finder's Warrant will entitle the finder to acquire one Share at an exercise price of $0.33 for a period of 12 months following closing of the Offering. The Offering is subject to TSX Venture Exchange acceptance. 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. 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 email@example.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. Forward-looking Information 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 any of the words "will", "plans", "is scheduled to", "has arranged" 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 Origin Acquisition; the ability of the Company to close the Offering; the granting of regulatory approvals; the timing for receipt of regulatory approvals; the ability of the Company to obtain the necessary approvals and secure the necessary financing to conclude the Acquisition on schedule, or at all; and the use of proceeds raised from the Offering. Actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth below and elsewhere in the document, including market conditions that prevent the Company from raising the funds necessary to close the Offering and complete the Acquisition on acceptable terms or at all; and global financial market events that cause significant volatility. Readers are cautioned that the foregoing list of factors is not exhaustive. 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. Contacts: 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 firstname.lastname@example.org www.newzealandenergy.com
New Zealand Energy Announces Private Placement of up to $15 Million
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