Condor Energies Launches CA$65 Million Offering, Private Placement

06:02 AM EDT, 09/30/2026 (MT Newswires) -- Condor Energies (CDR.TO) is raising up to CA$65 million from a public offering and a non-brokered private placement to fund infrastructure investments for field compression in Uzbekistan and modular liquefied natural gas facilities in Kazakhstan. Condor is launching a public offering of 12% unsecured convertible debentures at a price of CA$1,000 per convertible debenture for gross proceeds of up to CA$20 million, the company said Tuesday. Condor also plans to undertake a non-brokered private placement for up to CA$45 million in gross proceeds, on the same price, terms and conditions as the public offering. Each convertible debenture has a principal value of CA$1,000 and is convertible into Condor common shares at a conversion price of CA$6 per common share. The offering is expected to close in the week of Oct. 12, subject to the receipt of regulatory approvals.