Mr. Michael Baker reports
NXT ANNOUNCES CONVERTIBLE DEBENTURE CONVERSION
MCAPM LP and Michael P. Mork have converted all their debentures, totalling $3,375,000 (U.S.), into 15,605,088 common shares of NXT Energy Solutions Inc. Mork Capital now owns approximately 30,526,321 common shares of the company, or 28.0 per cent of the total issued and outstanding common shares of NXT.
About NXT Energy Solutions Inc.
NXT Energy is a Calgary-based technology company whose proprietary airborne SFD survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD survey system enables the company's clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy. NXT Energy provides its clients with an effective and reliable method to reduce time, costs and risks related to exploration.
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