Decimus Oil Announces Termination Of Asset Purchase And Sale Agreement, Cancellation Of Offering And Investor Relations Agreement

Executive Summary

• Decimus Oil Corp. terminated its previously announced Bantry Acquisition of oil & gas assets in Southern Alberta due to unsatisfied due‑diligence items and closing conditions.
• The related private offering that was to fund the acquisition has been cancelled.
• The company ended its engagement with Boardmarker Group for investor relations services effective February 2026.

Key Details

• Formal notice of termination was given to the vendor, ending the Bantry Acquisition originally announced on October 28 2025 and June 18 2025.
• Termination reason: items uncovered during due‑diligence and customary closing conditions were not satisfied or waived per the definitive agreement.
• As a direct consequence, Decimus cancelled the previously announced offering (the “Offering”) that was disclosed on November 18 2025.
• No further financial terms of the offering are provided; all proceeds related to it will not be received.
• The company will continue to evaluate other opportunities to increase its land and production base in Southern Alberta.
• Boardmarker Group’s engagement for strategic investor relations and capital markets communication services ended effective February 2026.

Notable Quotes

• “We remain focused on advancing our low‑risk acquisition strategy in the Mannville play and will continue to seek opportunities that align with our growth objectives,” – Cameron MacDonald, President & CEO.