LNG Energy Group Moves Forward with Private Placement and Debt Settlement

LNG Energy Group Corp., listed on TSXV, has received a third partial revocation order from the Ontario Securities Commission. This order, issued on November 6, modifies a previous failure-to-file cease trade order from 2025. The Company, engaged in a private placement aiming to raise C$2,000,000, has gathered C$1,032,636 through 20,652,723 units. Each unit includes a common share and a warrant for additional shares. The revocation partially permits further tranches of this placement to fund disclosures and administrative costs amidst efforts to fully revoke the trading stoppage.

Insiders have participated in this financing, constituting a "related party transaction," exempt from formal requirements due to the transaction's share of market capitalization. To settle C$100,000 debt, the Company plans to issue 2,000,000 units to a creditor, pending TSXV approval. The current revocation expires by February 2027, or earlier if the placement concludes. All securities remain unregistered in the U.S.