Condor Energies Expects to Close CA$70 Million Financing on Oct. 15

04:40 PM EDT, 10/13/2026 (MT Newswires) -- Condor Energies (CDR.TO) after trade Tuesday said that the closing of its public offering of up to CA$25 million and concurrent non-brokered private placement of up to CA$45 million is expected on Thursday, or another date agreed upon with the agents. Both financings consist of 12% unsecured convertible debentures priced at CA$1,000 each. The debentures can be converted into shares priced at CA$6.00. The company said proceeds "will be used to fund field compression facilities in Uzbekistan, modular LNG facilities in Kazakhstan, working capital and general corporate purpose". Shares of the company closed down CA$0.18, or 4.1%, to CA$4.21 on the Toronto Stock Exchange.