Condor Energies launches up to C$65 million convertible debenture offering
Bitget2026/09/29 23:57- Condor Energies launched up to C$65 million of 12% unsecured convertible debentures, split between a C$20 million public offering and a C$45 million private placement.
- Debentures priced at C$1,000 each, convertible at C$6.00 per common share, with a 36-month maturity.
- Interest set at 12% a year, payable quarterly in cash, with principal repayable in cash at maturity.
- Proceeds earmarked for field compression infrastructure in Uzbekistan, modular LNG facilities in Kazakhstan, working capital, general corporate purposes.
- Closing targeted for the week of Oct. 12, 2026, subject to regulatory approvals, including TSX approval for listing.
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