On December 29, 2023, New Zealand Energy Corp closed the transaction. The company issued 582,163 common shares at a price of CAD 0.38 per common share for gross proceeds of CAD 221,221.94 in its second and final tranche for the aggregate gross proceeds of CAD 2,280,000. The company was obtained at the annual general and special shareholders meeting. Van Vliet Techniek B.V. has subscribed for 582,163 common shares at a price of CAD 0.38 per common share for gross proceeds of CAD 221,221.94 in its second and final tranche.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 17 placees including insider involvement of 3 insiders for 3,342,163 shares and pro group involvement of 2 pro groups for 150,000 shares.