Condor Energies Raises CA$71.5 Million in Public Offering and Private Placement

04:09 PM EDT, 10/15/2026 (MT Newswires) -- Condor Energies (CDR.TO) said Thursday afternoon it has completed a public offering of 12% unsecured convertible debentures, raising CA$28.3 million in gross proceeds, including the partial exercise of an over-allotment option. The company said it also completed a private placement of convertible debentures on the same terms, raising an additional CA$43.3 million. These debentures are subject to a statutory hold period ending Feb. 16, 2027. In total, the company raised CA$71.5 million through the public offering and private placement, it added. "The net proceeds from the offering and the non-brokered private placement will be used to fund field compression facilities in Uzbekistan, modular LNG facilities in Kazakhstan, working capital and general corporate purposes," the company said. Shares of Condor Energies closed down 0.2% at CA$4.17 on the Toronto Stock Exchange.