NGX Energy International Corp. announced that in relation with the SN-9 Block exploratory program, the USD 2.5M secured loan bearing interest at 15% per annum advanced in August 2020 with various related and unrelated parties has been approved by the TSX Venture Exchange. The lenders have been granted a 3% royalty on the Company's 72% working interest in gross production from the SN-9 Block and have an option to convert the debt into another 3% overriding royalty on such working interest.