CORRECTION FROM SOURCE: Nexera Announces Change of Year End

Rhea-AI Summary

Nexera Energy Inc. corrects a previous press release stating a change in year-end from December 31st to March 31st. The transition year will end on March 31, 2024, with the new financial year ending on March 31, 2025, aiming to provide cost savings and differentiate reporting dates from other companies.

Nexera provides the following correction to the press release dated February 13, 2024 which read that the Company had changed its year-end to December 31^st from March 31^st. The change is actually from December 31^st to March 31^st. The corrected release is below in its entirety.

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / February 21, 2024 / Nexera Energy Inc. (TSX Venture:NGY)(OTC Pink:EMBYF) (the "Corporation", the "Company" or "Nexera") announced today that it has changed its year‐end from December 31st to March 31st. Nexera's transition year will be the fifteen-month period ending March 31, 2024. The new financial year will be the 12-month period ending March 31, 2025. This will provide cost savings to the Corporation's by changing the year end financial reporting to a date that is not the same as the substantial majority of publicly traded companies.

For further information, please contact:

Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@nexeraenergy.com
www.nexeraenergy.com.

About Nexera Energy Inc.

Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon Projects. The Company also owns 100% of Production Resources Inc., a South Texas oil company.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Nexera Energy Inc.

View the original press release on accesswire.com

FAQ

What is the corrected year-end date for Nexera Energy Inc.?

The corrected year-end date for Nexera Energy Inc. is March 31st.

What is the purpose of changing the year-end for Nexera Energy Inc.?

The purpose of changing the year-end is to provide cost savings and avoid reporting on the same date as most publicly traded companies.

Who can be contacted for further information regarding the change in year-end for Nexera Energy Inc.?

For further information, you can contact Nexera Energy Inc. President, Shelby D. Beattie, at (403) 262-6000 or via email at info@nexeraenergy.com.

What is the ticker symbol for Nexera Energy Inc. on the OTC market?

The ticker symbol for Nexera Energy Inc. on the OTC market is EMBYF.