0001102624-15-000946.txt : 20150611 0001102624-15-000946.hdr.sgml : 20150611 20150611124419 ACCESSION NUMBER: 0001102624-15-000946 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150609 FILED AS OF DATE: 20150611 DATE AS OF CHANGE: 20150611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NXT Energy Solutions Inc. CENTRAL INDEX KEY: 0001009922 STANDARD INDUSTRIAL CLASSIFICATION: OIL AND GAS FIELD EXPLORATION SERVICES [1382] IRS NUMBER: 611126904 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24027 FILM NUMBER: 15925365 BUSINESS ADDRESS: STREET 1: 505 3RD STREET, S.W. STREET 2: SUITE 1400, CITY: CALGARY, T2P 3E6 STATE: A0 ZIP: 90035 BUSINESS PHONE: 403-264-7020 MAIL ADDRESS: STREET 1: 505 3RD STREET, S.W. STREET 2: SUITE 1400, CITY: CALGARY, T2P 3E6 STATE: A0 ZIP: 90035 FORMER COMPANY: FORMER CONFORMED NAME: ENERGY EXPLORATION TECHNOLOGIES / DATE OF NAME CHANGE: 20000628 FORMER COMPANY: FORMER CONFORMED NAME: PINNACLE OIL INTERNATIONAL INC DATE OF NAME CHANGE: 20000626 FORMER COMPANY: FORMER CONFORMED NAME: ENERGY EXPLORATION TECHNOLOGIES DATE OF NAME CHANGE: 20000616 6-K 1 nxtenergy6k.htm NXT ENERGY SOLUTIONS INC. 6-K nxtenergy6k.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

For the month of June, 2015

Commission File Number: 000-24027

NXT Energy Solutions Inc.
(Translation of registrant's name into English)

1400, 505-3rd Street S.W.
Calgary, Alberta T2P 3E6
Canada
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F X
 
Form 40-F ___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes _____
 
No X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes _____
 
No X

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _____
 
No X

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

The Issuer is filing material documents not previously filed.

 
 

 
Exhibit List:

NXT ENERGY SOLUTIONS ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING AND UPDATE ON ITS VERTICAL BUSINESS MODEL
   

 
 

 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 9, 2015

NXT Energy Solutions Inc.

By: /s/ Greg Leavens

Name: Greg Leavens
Title: Vice-President Finance and Chief Financial Officer


 


EX-99.1 2 exh99_1.htm EXHIBIT 99.1 exh99_1.htm
 


Exhibit 99.1
Logo
 
NXT ENERGY SOLUTIONS ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING
AND UPDATE ON ITS VERTICAL BUSINESS MODEL

CALGARY, ALBERTA, June 9, 2015 - NXT Energy Solutions Inc. (“NXT Energy” or the “Company”) (TSX-V:SFD; OTCQB: NSFDF) advises of the voting results for the election of its Board of Directors (the “Board”) at its annual and special meeting of shareholders (the “AGM”) held on June 8, 2015.
 
AGM Voting Results
 
Each of the seven nominees proposed in the NXT Information Circular - Proxy Statement were elected as directors.  A total of 28,198,532 common shares ("Common Shares") of the Company, representing approximately 62.7% of the outstanding Common Shares, were represented in person or by proxy at the AGM.  Detailed results of the vote are as follows:
 
           % of      Votes      % of Votes  
 Director Nominee    Votes for      Votes For     Withheld     Withheld  
                         
 George Liszicasz     19,596,115       96.64 %     681,129       3.36 %
 Mickey Abougoush     19,596,415       96.64 %     680,829       3.36 %
 Charles Selby     19,598,965       96.65 %     678,279       3.35 %
 John Tilson     20,223,765       99.74 %     53,479       0.26 %
 Thomas E. Valentine     19,496,615       96.15 %     780,629       3.85 %
 Krishna Vathyam     19,598,415       96.65 %     678,829       3.35 %
 Bruce Wilcox     20,224,765       99.74 %     52,479       0.26 %
 
Mr. John Agee did not stand for re-election, and Mr. Bruce Wilcox has joined the Company’s Board of Directors effective June 8, 2015.
 
In addition, the motions to approve the re-appointment of KPMG LLP as the Company’s auditors and to ratify and approve NXT’s stock option plan were carried at the AGM.
 
George Liszicasz, President and CEO of NXT Energy, noted “on behalf of the Board of Directors and NXT Energy, I express our gratitude to John Agee for his four years of service and contributions to guiding and building the Company.  I am pleased to welcome to Bruce Wilcox to our Board.  Bruce’s bio, as detailed in the NXT Information Circular, includes a long career as an investment company CEO, analyst, and portfolio manager.  Bruce spent most of his career with Cumberland Associates LLC, a New York based equity fund which during his tenure ranged from US $0.7 to $1.5 billion in assets under management.”
 
Vertical Business Model Initiative
 
NXT Energy is also pleased to provide a brief update regarding developments related to its “Vertical” business model entity, as previously disclosed in  the Company’s recent MD&A filed on SEDAR.  A financial advisor has been engaged to assist NXT Energy and the management team of the Vertical to consider options with respect to the potential transaction and structure  to monetize a strategic portion of the Company’s existing library of proprietary SFD® data.  The objective will be to source third party equity financing to further develop an exploration program targeting key SFD® identified prospects that are being geotechnically vetted in the SFD® data set which would be acquired by the new Vertical entity.
 
The Company continues to develop the technical, capital, land, equipment and personnel needs that will be required to take advantage of this potential opportunity.  Readers are cautioned however that the success and/or continued pursuit of a transaction involving the Vertical remains uncertain and subject to a number of variables, including securing financing commitments on terms acceptable to the Company.  The Company does not anticipate providing additional updates in respect of the Vertical unless and until financing commitments have been secured.
 
 
 

 
NXT is a Calgary based company whose proprietary Stress Field Detection ("SFD®") survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs.  The SFD® survey system enables our clients to focus their hydrocarbon 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 Solutions Inc.  NXT provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.
 
Forward-Looking Statements
 
This news release may include forward-looking statements. When used in this document, words such as “intends”, “plans”, “anticipates”, “expects” and “scheduled”, are forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized.  Any number of factors can cause actual results to differ materially from those in the forward-looking statements.  Risk factors facing NXT are described in its most recent MD&A for the fiscal year ended December 31, 2014 which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval ("SEDAR") located at www.sedar.com.  There is a specific risk that the Company may not be able to advance its Vertical business model in the short term, whether as a result of failing to secure acceptable financing or otherwise.
 
Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.
 
Specific forward-looking statements include expectations related to the development of the Vertical entity.
 
 
 For further information, please contact:  
   
 Greg Leavens  George Liszicasz
 V-P Finance & CFO  President & CEO
 NXT Energy Solutions Inc.  NXT Energy Solutions Inc.
 (403) 206-0805  (403) 206-0800
 www.nxtenergy.com  
   
 Investor Relations  
 kin communications inc.  
 (604) 684-6730 / 1-866-684-6730  
 sfd@kincommunications.com  
 www.kincommunications.com  
 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Exchange accept responsibility for the adequacy or accuracy of this releas.
 
 


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