Condor Energies Inc. has closed a private placement of convertible debentures, raising $13,650,000 in gross proceeds. The debentures are convertible to common shares at $2.00 per share and mature on December 24, 2028. The funds will be used to accelerate development activities in Uzbekistan, including a 12-well drilling program and in-field compression facilities. The offering was completed through private placement exemptions in Canada and the United States, with a hold period expiring on April 25, 2026. The Company paid commissions and issued warrants to the Agents involved in the offering. The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Read more at GlobeNewswire: Condor Announces Closing of $13.65 Million Brokered