New Zealand Energy Announces Private Placement of up to $15 Million

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 info@newzealandenergy.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
info@newzealandenergy.com
www.newzealandenergy.com
 
 
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