Condor Energies launches up to C$65 million convertible debenture offering

• Condor Energies launched up to C$65 million of 12% unsecured convertible debentures, split between a C$20 million public offering and a C$45 million private placement.
• Debentures priced at C$1,000 each, convertible at C$6.00 per common share, with a 36-month maturity.
• Interest set at 12% a year, payable quarterly in cash, with principal repayable in cash at maturity.
• Proceeds earmarked for field compression infrastructure in Uzbekistan, modular LNG facilities in Kazakhstan, working capital, general corporate purposes.
• Closing targeted for the week of Oct. 12, 2026, subject to regulatory approvals, including TSX approval for listing.

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