Record Resources Announces Upsize of Offering to $1.8 Million to Advance Strategic Growth Initiatives in Gabon, Africa

About this update from Record Resources Inc

[{"type":"text","content":"Record Resources Announces Upsize of Offering to $1.8 Million 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 that, due to strong investor demand, it has upsized its previously announced brokered private placement offering from $500,000 to $1,800,000 (the \"Offering\") of units of the Company (the \"Units\") at a price of $0.06 per Unit. The Offering is led by Research Capital Corporation as the sole agent and sole bookrunner (the \"Agent\"). The Offering shall consist of:a) $1,400,000 in Units to be issued on a prospectus-exempt basis pursuant to the LIFE Exemption (defined below) under applicable Canadian securities laws (the \"LIFE Offering\"); andb) $400,000 in Units, to be issued under a private placement pursuant to applicable prospectus exemptions in accordance with NI 45-106 (\"Private Placement Offering\", and together with the LIFE Offering, the \"Offerings\").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 Offerings. The Warrants under the LIFE Offering shall be exercisable beginning 60 days following the Closing (as defined below).The net proceeds from the Offerings 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. The Company will grant the Agent an option (the \"Agent's Option\") to increase the size of the Private Placement Offering by up to $100,000 in Units by giving written notice of the exercise of the Agent's Option, or a part thereof, to the Company exercisable at any time prior to the closing of the Offerings.The Units under the LIFE Offering will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the List...

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