NXT Energy Solutions Inc. (“NXT” ) (TSX-V:SFD; NASDAQ-OTCBB:NSFDF), today announced the closing of a non-brokered private placement financing (the “Financing”) of 1,303,333 units (the “Units”) for proceeds of US $977,500.
“I am very pleased with the significant progress that NXT has made since Q3-2011” said George Liszicasz, NXT’s President & CEO. “We are on track to post a record year in revenues, and expansion in our Latin America core area continues. Since receiving the ‘Best Innovation Award’ at the NGO conference in Mexico last August, NXT has been asked to make technical presentations to new client prospects in Brazil, Colombia, the Middle East, Africa and Mexico. The recent, cumulative injection of US$3.2 million capital has allowed us to significantly enhance our financial position, and will enable us to pursue and execute new larger scale international contracts. Our goal has never changed - “to have the SFD®technology become an integral part of every explorationist’s Toolbox”.
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