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News Release - Early Warning Report Regarding Frank Jacobs

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Frank Jacobs, through a controlled company, has disposed of 100,000 common shares of New Zealand Energy Corp. (NZERF) by way of a gift to his children. This represents a 0.67% reduction in his ownership. Prior to the disposition, Jacobs controlled 2,227,163 common shares (14.86% of outstanding shares) and 200,000 stock options. After the disposition, Jacobs now controls 2,127,163 common shares (14.19%) and retains the 200,000 stock options. If all options were exercised, Jacobs would control 15.32% of outstanding shares. Jacobs currently has no intention of further acquisitions or dispositions but may do so depending on market conditions. An Early Warning Report will be filed on SEDAR+ as required by Canadian securities legislation.

Frank Jacobs, tramite una società controllata, ha ceduto 100.000 azioni ordinarie di New Zealand Energy Corp. (NZERF) sotto forma di regalo ai suoi figli. Questo rappresenta una riduzione del 0,67% della sua partecipazione. Prima della cessione, Jacobs controllava 2.227.163 azioni ordinarie (14,86% delle azioni in circolazione) e 200.000 opzioni su azioni. Dopo la cessione, Jacobs controlla ora 2.127.163 azioni ordinarie (14,19%) e mantiene le 200.000 opzioni su azioni. Se tutte le opzioni fossero esercitate, Jacobs controllerebbe il 15,32% delle azioni in circolazione. Attualmente, Jacobs non ha intenzione di effettuare ulteriori acquisizioni o cessioni, ma potrebbe farlo a seconda delle condizioni di mercato. Un rapporto di allerta precoce sarà registrato su SEDAR+ come richiesto dalla legislazione canadese in materia di valori mobiliari.

Frank Jacobs, a través de una empresa controlada, ha dispuesto de 100,000 acciones ordinarias de New Zealand Energy Corp. (NZERF) como un regalo a sus hijos. Esto representa una reducción del 0.67% en su propiedad. Antes de la disposición, Jacobs controlaba 2,227,163 acciones ordinarias (14.86% de las acciones en circulación) y 200,000 opciones sobre acciones. Después de la disposición, Jacobs ahora controla 2,127,163 acciones ordinarias (14.19%) y conserva las 200,000 opciones sobre acciones. Si se ejercieran todas las opciones, Jacobs controlaría el 15.32% de las acciones en circulación. Actualmente, Jacobs no tiene intención de realizar más adquisiciones o disposiciones, pero podría hacerlo dependiendo de las condiciones del mercado. Un informe de advertencia temprana se presentará en SEDAR+ como lo exige la legislación canadiense de valores mobiliarios.

프랭크 제이콥스는 통제된 회사를 통해 뉴질랜드 에너지 공사(NZERF)의 보통주 100,000주를 자녀들에게 선물로 증여했습니다. 이는 그의 소유권이 0.67% 감소한 것을 의미합니다. 처분 전 제이콥스는 2,227,163주의 보통주(전체 주식의 14.86%)와 200,000개의 스톡옵션을 보유하고 있었습니다. 처분 후, 제이콥스는 이제 2,127,163주의 보통주(14.19%)를 통제하고 있으며, 200,000개의 스톡옵션도 보유하고 있습니다. 만약 모든 옵션이 행사된다면, 제이콥스는 전체 주식의 15.32%를 통제하게 됩니다. 현재 제이콥스는 추가적인 인수나 처분을 계획하고 있지 않지만, 시장 상황에 따라 그렇게 할 수 있습니다. 캐나다 증권법에 따라 SEDAR+에 조기 경고 보고서가 제출될 예정입니다.

Frank Jacobs, par l'intermédiaire d'une société contrôlée, a cédé 100 000 actions ordinaires de New Zealand Energy Corp. (NZERF) à ses enfants sous forme de don. Cela représente une réduction de 0,67 % de sa propriété. Avant la cession, Jacobs contrôlait 2 227 163 actions ordinaires (14,86 % des actions en circulation) et 200 000 options d'achat d'actions. Après la cession, Jacobs contrôle désormais 2 127 163 actions ordinaires (14,19 %) et conserve les 200 000 options d'achat d'actions. Si toutes les options étaient exercées, Jacobs contrôlerait 15,32 % des actions en circulation. Actuellement, Jacobs n'a pas l'intention d'effectuer d'autres acquisitions ou cessions, mais pourrait le faire en fonction des conditions du marché. Un rapport d'avertissement précoce sera déposé sur SEDAR+ comme l'exige la législation canadienne sur les valeurs mobilières.

Frank Jacobs hat über ein kontrolliertes Unternehmen 100.000 Stammaktien von New Zealand Energy Corp. (NZERF) seiner Kinder geschenkt. Dies stellt eine Reduzierung seines Anteils um 0,67 % dar. Vor der Veräußerung kontrollierte Jacobs 2.227.163 Stammaktien (14,86 % der ausgegebenen Aktien) und 200.000 Aktienoptionen. Nach der Veräußerung kontrolliert Jacobs nun 2.127.163 Stammaktien (14,19 %) und behält die 200.000 Aktienoptionen. Wenn alle Optionen ausgeübt würden, würde Jacobs 15,32 % der ausgegebenen Aktien kontrollieren. Jacobs hat derzeit nicht die Absicht, weitere Erwerbungen oder Veräußerungen vorzunehmen, könnte dies jedoch in Abhängigkeit von den Marktbedingungen tun. Ein Frühwarnbericht wird gemäß den kanadischen Wertpapiergesetzen bei SEDAR+ eingereicht.

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Calgary, Alberta--(Newsfile Corp. - October 8, 2024) - This news release is being disseminated as required by National Instrument 62‐103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of the Early Warning Report regarding the disposition of securities of New Zealand Energy Corp. ‎(the "Company") by a company controlled by Frank Jacobs (‎"Jacobs").

On October 8, 2024 a company controlled by Jacobs disposed of an aggregate of 100,000 common shares of the Company (the "Common Shares") by way of a gift, representing 0.67% of the outstanding Common Shares‎. Prior to the disposition of the Common Shares, Jacobs controlled 2,227,163 Common Shares, ‎or approximately 14.86% of the total issued and outstanding Common Shares and 200,000 stock options. ‎Jacobs now controls 2,127,163 Common Shares, or approximately 14.19% of the total issued ‎and outstanding Common Shares and 200,000 stock options. Assuming the exercise of the stock options, Jacobs would own or ‎control 2,327,163 Common Shares, or approximately 15.32% of the total issued and outstanding ‎Common Shares‎.‎

The Common Shares were disposed by way of a gift to Jacobs' children. Presently, Jacobs has ‎no intention of acquiring or disposing of any further securities of the Issuer. Jacobs may acquire ‎ownership of or control over securities of the Issuer in the future depending upon market circumstances. ‎Increase or decrease in ownership of securities of the Issuer will depend on numerous conditions, ‎including the price of the Common Shares and general market conditions.‎

A copy of the Early Warning Report to be filed by Jacobs, will be available on SEDAR+ under the Company's profile on www.sedarplus.ca .

For more information, or to obtain copies of the Early Warning Report, please contact: Frank Jacobs, Telephone: 64-800-924-427; Email: frank@jacobsoil.ca

This early warning news release is issued under the early warning provisions of Canadian securities ‎legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National ‎Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226077

FAQ

How many shares of New Zealand Energy Corp (NZERF) did Frank Jacobs dispose of on October 8, 2024?

Frank Jacobs disposed of 100,000 common shares of New Zealand Energy Corp (NZERF) on October 8, 2024.

What percentage of New Zealand Energy Corp (NZERF) does Frank Jacobs control after the October 8, 2024 disposition?

After the disposition, Frank Jacobs controls approximately 14.19% of the total issued and outstanding common shares of New Zealand Energy Corp (NZERF).

How did Frank Jacobs dispose of his shares in New Zealand Energy Corp (NZERF)?

Frank Jacobs disposed of the shares in New Zealand Energy Corp (NZERF) by way of a gift to his children.

What is Frank Jacobs' current intention regarding future acquisitions or dispositions of New Zealand Energy Corp (NZERF) shares?

Presently, Frank Jacobs has no intention of acquiring or disposing of any further securities of New Zealand Energy Corp (NZERF). However, this may change depending on market circumstances.

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