Nexacon Energy Extends Strategic Mandate to European Based Investment Arm

Nexacon Energy Inc. (http://www.nexaconenergy.com) reported today that it intends to expand the mandate of its wholly owned investment portfolio management business, Nexa Placements Sp. Z o.o. situated in Warsaw Poland, in the heart of Central Europe. The recently established Nexacon subsidiary, Nexa Placements Sp. Z o.o., will be charged with seeking out strategic and timely investment portfolio situations both within and outside the energy sector that will fortify and diversify the Company’s investment activities over the short to long term.

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….our newly minted investment arm, Nexa Placements Sp z o.o., has been given a mandate to evaluate and invest in situations beyond the energy sector in order to capitalize on timely ‘go to’ investments in other dynamic value added markets.

(PRWEB) August 22, 2013

Nexacon Energy Inc. (http://www.nexaconenergy.com) reported today that it intends to expand the mandate of its wholly owned investment portfolio management business, Nexa Placements Sp. Z o.o. situated in Warsaw Poland, in the heart of Central Europe. The recently established Nexacon subsidiary, Nexa Placements Sp. Z o.o., will be charged with seeking out strategic and timely investment portfolio situations both within and outside the energy sector that will fortify and diversify the Company’s investment activities over the short to long term.

Says Michael Wexler, Nexacon President, “While we continue to evaluate a number of prospects in the oil and gas sector, still, we would like to see more pricing direction as we move forward with executing the Company’s strategic business plans. We will continue to monitor this situation closely in the months ahead." Adds Mr. Wexler, “In the meantime, our newly minted investment arm, Nexa Placements Sp z o.o., has been given a mandate to evaluate and invest in situations beyond the energy sector in order to capitalize on timely ‘go to’ investments in other dynamic value added markets.”

Nexa Placements Sp. Z o.o. is a limited liability company established under the Laws of Poland and headquartered in Warsaw. The Company is wholly owned by Nexacon Energy Inc., Toronto, Canada.

Nexacon Energy Inc, is a Canadian Corporation established in 2010 with shares traded on the First Quote segment of the GXG markets (OTC: NEXA).


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