Record Resources Announces $500,000 Brokered LIFE Offering to Advance Strategic Growth Initiatives in Gabon, Africa

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[{"type":"text","content":"Record Resources Announces $500,000 Brokered LIFE Offering to Advance Strategic Growth Initiatives in Gabon, AfricaCalgary, Alberta--(Newsfile Corp. - December 8, 2025) - Record Resources Inc. (TSXV: REC) (the \"Company\" or \"Record\") is pleased to announce a brokered, best-efforts listed issuer financing exemption private placement offering (the \"Offering\") of units of the Company (the \"Units\") at a price of $0.06 per Unit for aggregate gross proceeds to the Company of up to $500,000. The Offering is led by Research Capital Corporation as the sole agent and sole bookrunner (the \"Agent\").It is expected that certain directors of the Company may subscribe into the Offering alongside investors. Each Unit will consist of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.09 per Common Share for a period of 30 months following the closing of the Offering.The Company will grant the Agent an option (the \"Agent's Option\") to increase the size by up to an additional 15% of the number of Units sold in the Offering, by giving written notice of the exercise of the Agent's Option, or a part thereof, to the Company at any time up to two (2) business days prior to closing of the Offering.The net proceeds from the Offering will be used to progress strategic growth plans in Gabon, Africa and for working capital and general corporate purposes related to the company's existing oil development and high impact exploration assets. Overview of Record's Operations in GabonAs previously announced on September 8, 2025, Record formed a strategic joint venture with a highly experienced operator in Africa (\"Strategic Partner\") and that the consortium has entered into a production sharing contract (the \"PSC\") with the Gabonese Republic and Gabon Oil Company (\"GOC\"), the national oil and gas company. The PSC is for the exploration, appraisal, development and production of oil and gas on Gabon offshore Block C-7, renamed Ngulu (\"Ngulu\"). Under the terms of the joint venture, Record and the Strategic Partner have formed a joint venture whereby each party has acquired a working interest of 20% and 55%, respectively. The Strategic Partner is designated as th...

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