G2 Energy Corp (CSE:GTOO, OTC:GTGEF) has completed the final tranche of its non-brokered private placement, settling debt by issuing 84,000 common shares at $0.05 each and 6,175,900 units at the same price to certain creditors.
Each unit includes one common share and one warrant exercisable at C$0.08 for 24 months, with a potential acceleration clause.
Directors Slawomir Smulewicz and Markus Mair acquired 1,600,000 and 600,000 units, respectively, as creditors.