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New Stratus Energy Announces Above Market Private Placement
Calgary, Alberta--(Newsfile Corp. - August 6, 2025) - New Stratus Energy Inc. (TSXV: NSE) ("New S...
About this update from New Stratus Energy Inc
[{"type":"text","content":"New Stratus Energy Announces Above Market Private PlacementCalgary, Alberta--(Newsfile Corp. - August 6, 2025) - New Stratus Energy Inc. (TSXV: NSE) (\"New Stratus\", \"NSE\" or the \"Corporation\") is pleased to announce a non-brokered private placement of 25,090,909 common shares (the \"Offered Shares\") at an above-market price of CAD$0.55 per Offered Share, for gross proceeds of up to CAD$13,800,000 (approximately USD$10,000,000) (the \"Offering\").A single purchaser (the \"Purchaser\") is expected to purchase all of the Offered Shares to be issued under the Offering as a strategic investment (the \"Strategic Investment\") and pursuant to the terms of a non-binding letter of intent. The Purchaser currently holds nil common shares of the Corporation (each, a \"Common Share\") and upon closing of the Offering, will own 25,090,909 Common Shares, representing 15.75% of the then issued and outstanding Common Shares on a non-diluted basis. Complete details of the Offering and Strategic Investment will follow in a subsequent release upon the parties' execution of a binding subscription agreement (the \"Subscription Agreement\") and containing customary terms and conditions of a transaction of this type and nature.The Offering is expected to close on or about August 15, 2025 and is subject to the satisfaction of certain conditions, including execution of the Subscription Agreement with the proposed Purchaser and receipt of acceptance by the TSX Venture Exchange (the \"TSXV\"). The Offered Shares issued in connection with the Offering will be subject to a hold period of four months and one day from the date of closing, in accordance with applicable Canadian securities laws.The Corporation intends to use the net proceeds of the Offering to fund the first and second stage investments as consideration pursuant to the Corporation's farm-in transaction with Vultur Oil (see NSE's press release dated August 5, 2025) and for general corporate purposes.Contact InformationJose Francisco ArataChairman & Chief Executive [email protected] Wade FeleskyPresident & [email protected] Mario MirandaChief Financial [email protected] - (647) 498-9109Forward-Looking InformationCertain information set forth in this news release constitutes \"forward-looking statements\", and \"forward-looking informat...