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Verdera Energy Announces $20 Million Qualifying Transaction Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Encore Energy Corp.
[{"type":"text","content":"Verdera Energy Announces $20 Million Qualifying Transaction Financing\nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES SANTA FE, N.M., Jan. 07, 2026 (GLOBE NEWSWIRE) -- Verdera Energy Corp. (the “Company” or “Verdera”) and POCML 7 Inc. (TSXV:POC.P) (“POCML7”), are pleased to provide an update in connection with the proposed transaction that will constitute a Qualifying Transaction of POCML7 under TSX Venture Exchange policies, as previously announced by Verdera on November 3, 2025 and November 26, 2025 (the “Proposed Transaction”). In connection with the Proposed Transaction, Verdera and POCML7 have entered into an agreement with Haywood Securities Inc. and SCP Resource Finance LP (together the \"Co-Lead Agents\"), on their own behalf and on behalf of a syndicate of agents including Stifel Nicolaus Canada Inc. and Jett Capital Advisors, LLC (together, the \"Agents\") pursuant to which Verdera has launched a \"commercially reasonable efforts offering\" of subscription receipts of Verdera (\"Subscription Receipts\") for aggregate gross proceeds of $20 million (the \"Offering\"). The Offering will consist of 20,000,000 Subscription Receipts at a price of $1.00 per Subscription Receipt (the “Issue Price”). Verdera will also grant the Agents an option to purchase up to an additional 15% of the Subscription Receipts, exercisable in whole or in part, at any time up to 48 hours prior to the closing of the Offering, for additional gross proceeds of up to an additional $3,000,000. Upon satisfaction of applicable escrow release conditions, including without limitation, satisfaction of all necessary conditions precedent to complete the Proposed Transaction, each Subscription Receipt will be automatically exchanged for one common share of Verdera (a \"Verdera Share\"). Verdera will pay the Agents a commission of 5% of the gross proceeds raised in the Offering (the \"Agent's Fee\") and will issue the Agents broker warrants (\"Broker Warrants\") equivalent to 4% of the total number of Subscription Receipts sold, with each Broker Warrant being exercisable at a price of $1.00 for a period of 18 months from the date of closing of the Proposed Transaction. At the closing of the Offering, the gross proceeds of the Offering, l...