• Condor launched a best-efforts public offering of 12% unsecured convertible debentures for up to C$20 million.
• Concurrent non-brokered private placement on the same terms for up to C$45 million; total targeted proceeds up to C$65 million.
• Debentures priced at C$1,000 each; convertible at C$6.00 per share; maturity 36 months from issuance.
• Interest set at 12% annually, payable quarterly in cash; principal scheduled for cash repayment at maturity.
• Proceeds earmarked for field compression in Uzbekistan, modular LNG facilities in Kazakhstan, working capital, general corporate purposes.

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. Condor Energies Inc. published the original content used to generate this news brief on September 30, 2026, and is solely responsible for the information contained therein.