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LNG Energy Group Corp. reports news focused on public-issuer status, Canadian securities-law disclosure matters, and capital actions connected with its continuous-disclosure obligations. Recent company updates describe the Ontario Securities Commission's partial revocation of a failure-to-file cease trade order and a private placement intended to fund outstanding disclosure work, professional fees, filing fees, legacy payables, working capital, and general administrative expenses.
LNG Energy Group (OTC:LNGNF) entered a binding exclusivity agreement and LOI for a 50/50 joint venture with Fifth Ocean Management, in partnership with Westlawn Group, to pursue oil and gas projects in Venezuela.
The proposed US-based JV company would receive up to US$200 million of funding from Fifth Ocean, while LNG contributes Venezuelan assets, and will partner with Salamander Solutions on heavy oil technology pilots.
LNG Energy Group (OTC:LNGNF, TSXV:LNGE) announced a Partial Revocation Order from the Ontario Securities Commission dated April 23, 2026, allowing a proposed private placement of up to $2,000,000.
The proposed Units are expected at $0.05 each, with one warrant exercisable at $0.10 for 36 months. Proceeds are earmarked to complete filings, pay professional fees, legacy payables, and fund working capital. The partial revocation ends on completion or July 22, 2026.
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