Northwire Canada EditionThursday, October 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Financings

Condor Announces $15 Million Bought Deal Public Offering

By The Northwire Desk — AI Analysis Apr 13, 2026 · 18:38 CDR · 3.0 CONDOR ENERGIES INC. J
CDR · Price

Executive Summary

  • Condor Energies Inc. has entered into a "bought deal" agreement to issue common shares for gross proceeds of up to $15,002,000.
  • The funds are primarily earmarked for the development of natural gas fields in Uzbekistan, specifically enhancing field compression.

Key Details

  • Gross Proceeds: Up to $15,002,000.
  • Quantity of Shares: 5,770,000 common shares.
  • Per-Unit Price: $2.60 per common share.
  • Over-allotment Option: Underwriters have an option to purchase up to an additional 865,500 common shares at $2.60, which would provide approximately $2,250,300 in additional gross proceeds.
  • Use of Proceeds: Development of natural gas fields in Uzbekistan (including enhancing field compression) and general corporate purposes.
  • Underwriters: Canaccord Genuity Corp. and Research Capital Corporation (co-lead underwriters and joint bookrunners).
  • Anticipated Closing Date: On or about April 21, 2026.
  • Cash Commission: 6% of gross proceeds (reduced to 2% for certain president's list orders).
  • Broker Warrants:
    • Quantity: Equal to 3% of the number of common shares sold under the offering (nil for president's list orders).
    • Exercise Price: $2.60 per share.
    • Term: 24 months following the offering.
Read the original news release →

More from CONDOR ENERGIES INC. J

Jun 15, 2026 · 08:00

Operational momentum validates geological model, but 47% run-in demands flawless execution to justify stretched valuation.

Drill Results May 25, 2026 · 08:00

Condor Energies Production Ramp Validates Capital Raise as Stock Consolidates Near Recent Lows

Production / Operations May 13, 2026 · 17:00

Condor Energies Secures Funding and Grows Output, Yet LNG Capex Looms as Key Capital Constraint

Earnings Apr 21, 2026 · 08:59

Condor Energies Secures Growth Capital for Uzbekistan Compression Program Following Record Production Milestones

Financings Apr 14, 2026 · 20:27

Condor Energies Secures Growth Capital Following Record Production Milestones

Financings Apr 13, 2026 · 08:30

Condor Energies Hits Production Peak as Uzbek Gas Output Surges Past 14,000 Boe/D

Production / Operations