(TheNewswire)
Vancouver, B.C. - TheNewswire - June 6, 2022 - G2 Technologies Corp. (name change to G2 EnergyCorp. is pending) (CSE:GTOO ) , ( OTCQB:GTGEF ) , ( FWB:1NZ.F) (the “ Company ” or “ G2 ”) announces todayit has granted incentive stock options to purchase an aggregate amountof 3,150,000 common shares at an exercise price of $0.20 per share fora period of five (5) years from issuance to certain directors,officers and consultants n accordance with the provisions of itsrolling incentive stock option plan.
The grant of incentive stock options is subject to thepolicies of the Canadian Securities Exchange.
In addition, further to its news release dated June 1,2022, the Company has issued the 5,000,000 Common Shares to an arm’slength finder along with the share purchase warrants entitling thefinder to purchase 3,000,000 Common Shares at a price of $0.30 perCommon Share until June 2, 2024, provided that,if the closing price of the common shares is greater than CAD$0.50 forten (10) consecutive trading days, the Warrants will expire thirty(30) days after the date on which the Company provides notice of suchfact to the holders thereof.
The securities issued to the Finder will be subject toa four-month plus one day hold period under applicable Canadiansecurities laws expiry on October 3, 2022.
On Behalf of the Board,
“ SlawekSmulewicz ”
Slawek Smulewicz
President & CEO
O: +1 778 7754985
E: slawek@g2.energy
W : WWW.G2.ENERGY
About G2Technologies Corp.
G2 Technologies Corp. is a Canadian Securities Exchangelisted company focused on acquiring and developing overlooked,low-risk, high return opportunities in the oil and gas sector. G2 isseeking to acquire a portfolio of risk-managed production anddevelopment opportunities onshore, U.S.A. In the near term, G2 ispursuing production acquisition opportunities with top-tier operatingnetbacks and infrastructure facilities to fast-track future productiongrowth.
The Canadian Securities Exchange hasneither approved nor disapproved the information containedherein.
Forward Looking StatementsCaution
Statements in this press releaseregarding the Company which are not historical facts are“forward-looking statements” that involve risks and uncertainties,such as the completion of the proposed acquisition. Such informationcan generally be identified by the use of forwarding-looking wordingsuch as “may”, “expect”, “estimate”, “anticipate”,“intend”, “believe” and “continue” or the negative thereofor similar variations. Since forward-looking statements address futureevents and conditions, by their very nature, they involve inherentrisks and uncertainties such as the risk that ; . The Company providesforward-looking statements for the purpose of conveying informationabout current expectations and plans relating to the future,including expectations forthe effects of the proposed change of business of G2 to oil andgas, and readers arecautioned that such statements may not be appropriate for otherpurposes. By its nature, this information is subject to inherent risksand uncertainties that may be general or specific and which give riseto the possibility that expectations, forecasts, predictions,projections or conclusions may not prove to be accurate, thatassumptions may not be correct and that objectives, strategic goalsand priorities may not be achieved. These risks and uncertaintiesinclude but are not limited those identified and reported in theCompany’s public filings under the Company’s SEDAR profile atwww.sedar.com. Statementsrelating to “reserves” are also deemed to be forward-looking statements, as they involvethe implied assessment, based on certain estimates and assumptions,that the reserves described exist in the quantities predicted orestimated and that the reserves can be profitably produced in thefuture. Actual results coulddiffer materially from those currently anticipated due to factors suchas: the performance ofexisting wells, the availability and performance of facilities andpipelines, the geological characteristics of G2's properties,prevailing weather and break-up conditions, commodity prices, pricevolatility, price differentials and the actual prices received for theCompany’s products, royalty regimes and exchange rates, theapplication of regulatory and licensing requirements, the availabilityof capital, labour and services, the creditworthiness of industrypartners and G2’s ability to acquire additional assets. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate as actualresults and future events could differ materially.
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