NEWSFILE CORP · SEP 29, 2026
Condor Announces C$65 Million Financing to Fund Infrastructure Investments for Field Compression in Uzbekistan and Modular LNG Facilities in Kazakhstan
Base Shelf Prospectus Is Accessible, and the Shelf Prospectus Supplement Will Be Accessible Within Two Business Days on SEDAR+ Calgary, Alberta--(Newsfile Corp. - September 29, 2026) - Condor Energies Inc. (TSX: CDR) ("Condor" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation as co-lead agent and sole bookrunner, and together with Canaccord Genuity Corp. as co-lead agent (collectively, the "Agents"), in connection with a best efforts, public offering (the "Offering") of 12% unsecured convertible debentures of the Company (the "Convertible Debentures") at a price of C$1,000 per Convertible Debenture for gross proceeds of up to C$20,000,000. In addition, concurrent with the Offering, the Company also intends to undertake a non-brokered private placement pursuant to applicable prospectus exemptions in accordance with NI 45-106 on the same price, terms, and conditions as the Offering for up to C$45,000,000 in gross proceeds (the "Non-Brokered Private Placement"), except the Convertible Debentures to be issued under the Non-Brokered Private Placement will have a statutory hold period of four months and one day from Closing (as defined herein).