New Stratus arranges $13.8-million private placement

Executive Summary

• New Stratus Energy Inc. announced a non-brokered private placement of 25,090,909 common shares at a price of 55 Canadian cents per share.
• The offering is expected to generate gross proceeds of up to $13.8 million (CAD) / $10 million (USD).
• A single strategic investor is expected to purchase all shares, acquiring a 15.75% ownership stake on a non-diluted basis.

Key Details

• Transaction Structure: Non-brokered private placement.
• Shares Issued: 25,090,909 common shares.
• Price Per Share: 55 Canadian cents (described as "above-market").
• Gross Proceeds: Up to $13.8 million (CAD), approximately $10 million (USD).
• Purchaser: A single purchaser expected to buy all offered shares as a strategic investment.
• Ownership Stake: The purchaser will own 25,090,909 shares, representing 15.75% of the issued and outstanding common shares on a non-diluted basis upon closing.
• Closing Date: Expected on or about August 15, 2025.
• Conditions: Subject to execution of a binding subscription agreement and receipt of acceptance by the TSX Venture Exchange.
• Hold Period: Shares are subject to a hold period of four months and one day from the date of closing.
• Use of Proceeds: To finance first- and second-stage investments as consideration for a farm-in transaction with Vultur Oil (referenced in a press release dated Aug. 5, 2025) and for general corporate purposes.
• Status: Currently based on a non-binding letter of intent; complete details to follow upon execution of the binding subscription agreement.