Petrus Resources Announces Upsize of Bought Deal Life Offering to $14.5 Million

Executive Summary

• Petrus Resources Ltd. has entered into an amended agreement to increase the size of its previously announced "bought deal" private placement offering to approximately $14.5 million due to investor demand.
• The company will issue 8,285,714 common shares at $1.75 per share, with an option for the underwriters to purchase up to an additional 1,242,857 shares.
• Concurrently, a non-brokered private placement of 2,285,714 common shares at $1.75 per share is being conducted for aggregate proceeds of approximately $4.0 million.

Key Details

• Upsized Offering Structure: The bought-deal offering has been increased to approximately $14.5 million in gross proceeds.
• Share Issuance: The underwriters (Haywood Securities Inc. on behalf of a syndicate) will purchase 8,285,714 common shares.
• Issue Price: The shares are priced at $1.75 per share.
• Over-Allotment Option: The underwriters have an option to purchase up to an additional 1,242,857 shares at the issue price of $1.75.
• Concurrent Non-Brokered Private Placement: The company is conducting a separate non-brokered private placement of 2,285,714 common shares at $1.75 per share.
• Non-Brokered Proceeds: The non-brokered placement is expected to generate aggregate proceeds of approximately $4,000,000.
• Closing Date: The offering is expected to close on or about February 19, 2026.
• Conditions: The offering is subject to conditions including approval by the Toronto Stock Exchange.
• Regulatory Filings: The amended and restated offering document is available on SEDAR+ and the company's website.

Notable Quotes

• None provided in the text.