Marksmen Energy closes private placement, raises $518,915 at $0.12/share

• Marksmen Energy closed a non-brokered private placement of 4,324,291 common shares at $0.12 each, raising gross proceeds of $518,915.
• Proceeds earmarked for debt reduction, offering costs, working capital, Ohio well workovers, enhanced recovery, infrastructure upgrades.
• Insiders bought 3,704,291 shares, representing 69.98% of the placement.
• J. David Clements raised his stake to 17.91%; John Niedermaier to 12.75%; Archie Nesbitt to 11.31%.
• Conex Services debt-for-shares settlement remains pending definitive documentation, TSX Venture Exchange acceptance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marksmen Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609211738PRIMZONEFULLFEED9830942) on September 21, 2026, and is solely responsible for the information contained therein.