NXT Energy Solutions Inc. Announces Sale and Leaseback Transaction
CALGARY, ALBERTA--(Marketwired - March 27, 2017) - NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has entered into a sale and leaseback transaction with a Calgary based international aircraft service provider ("the Lessor") whereby the Lessor will purchase NXT's Cessna Citation aircraft for US $2,300,000 (approximately $2,700,000 Canadian dollars after costs) and the aircraft will remain dedicated to NXT over the next 5 years. A financing condition in respect to the transaction was satisfied on March 23rd, 2017.
