on NewStream Energy Technologies Group Inc.
NewStream Energy Technologies Group Provides Business Update
NewStream Energy Technologies Group Inc. (OTCMKTS:NSGP) has announced the closing of the first stage of a private debt round. This funding will allow the company to engage its auditors, Malone Bailey, to complete its audits and quarterly filings.
The consolidation of NewStream has increased the complexity of audit requirements. Management is also focused on hiring a qualified CFO. NSGP shares will not be quoted on the OTC Market until audits and filings are completed, expected within 90 to 120 days.
Once filings are current, NSGP plans to list on OTC QX/QB. The company is working on several renewable natural gas and low carbon intensity projects worth over $1.25 billion.
NSGP is also negotiating terms for $750 million in project financing from a major UK-based financial institution. The company's commercial side remains strong with exclusive licenses for leading biomethane and carbon capture solutions.
Filings are expected to be completed soon, enabling full trading to resume on OTC markets.
R. H.
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