G2 ANNOUNCES COMPLETION OF 5 FOR 1 SHARE CONSOLIDATION
Vancouver, British Columbia – June 12, 2023. G2 Energy Corp. (CSE:GTOO, FWB:UD9) (the "Company" or "G2") announces that further to its news release dated May 31, 2023 and June 8, 2023, the Company consolidated all of its common shares (the Common Shares”) on the basis of five (5) pre-consolidated Common Shares into one (1) post consolidated Common Shares (the “Share Consolidation”).
The Company commenced trading on the Canadian Securities Exchange on a consolidated basis and the new CUSIP and ISIN number are 36260L201 and CA3620L2012 respectively.
The Share Consolidation resulted in the number of issued and outstanding Common Shares being reduced from 91,697,885 Common Shares to 18,339,577 Common Shares. The warrants outstanding to purchase 74,984,150 Common Shares, has become 14,996,830 warrants to purchase 14,996,830 Common Shares and the incentive stock options outstanding to purchase 2,650,000 Common Shares, has become 530,000 incentive stock options to purchase 530,000 Common Shares.
On Behalf of the Board,
“Slawek Smulewicz” Slawek Smulewicz
For further information, please contact:
John Costigan VP Corporate Development
O: +1 604 620 8589
About G2 Energy Corp.
G2 is a junior oil and gas producer listed on the CSE exchange. It's primary focus is to acquire and develop additional overlooked, low risk, high return opportunities in the oil and gas sector. G2's strategy is to obtain a portfolio of risk-managed production and development opportunities onshore, U.S.A. In May 2022, G2 acquired the Masten Unit in the Permian Basin, Texas. The Masten Unit is the Company's first producing asset. G2 is targeting top tier projects with operating netbacks and infrastructure facilities which will fast track overall oil and gas production growth.