Ness Energy International Message Board

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Gold/Mining/Energy : Ness Energy International

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From: John Sladek	11/28/2018 1:04:21 PM
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The stock may be dead (until an audit is completed), but NESS is still raising money.... nessenergy.com October 1, 2018 The Company has decided to do a second Preferred Stock issuance following our successful offering of our Series A Preferred Stock. We are issuing up to $300,000 of a new Series B Preferred Stock with a 50% discount for conversion to common stock. These shares will not pay any interest/dividend as did the series A. The conversion will allow the individuals to convert the dollar value invested in the Preferred Stock into common shares with the common share price discounted at 50% of what the shares are trading for on the public exchange at the time of the conversion. Details of the conversion terms will be provided in the subscription agreement. The anticipated use of funds is as follows; approximately $50,000 of the funds raised will be used for legal, accounting, auditors, market makers, advisory and for operational costs required to return the company to trading on a public exchange. Approximately $150,000 of the funds will be used for pursuing the Company’s oil and gas development interests in Israel with the balance being used for some collection efforts on monies owed the Company and for working capital.

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