Nextraction Retains Ascenta Capital Partners
Nextraction Energy Corporation has retained Ascenta Capital Partners, of Vancouver, British Columbia, to provide investor relations services.
Ascenta will receive a monthly retainer of $6,000 for a 5-month term after which the monthly retainer will be reduced to $2,500. The Company will also issue, as compensation to Ascenta, an option to purchase 100,000 common shares pursuant to the company's stock option plan. The options are exercisable at a price of C$1.19 per share. The options are subject to regulatory and shareholder approval.
"I'm very pleased and excited to be working with Nextraction," stated Jim Glass, Principal at Ascenta Capital. "I have been following the Pinedale developments since its discovery in the '90s and recognize the value and potential that it, and the Appalachian Basin Project, provides to current and future shareholders."