NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR PUBLIC DISSEMINATION IN THE UNITED STATES.
CALGARY, Alberta, Feb. 05, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Firm“) (TSX: PRQ) is happy to announce that, due to investor demand, it has entered into an amended settlement with Haywood Securities Inc. on behalf of a syndicate of underwriters (collectively, the “Underwriters“), to improve the scale of its beforehand introduced “purchased deal” personal placement providing to roughly $14.5 million (the “Upsized Offering“).
The Underwriters have agreed to buy, on a bought-deal foundation, a complete of 8,285,714 frequent shares of the Firm (“Shares“) a value of $1.75 per Share (the “Problem Value“) for gross proceeds of roughly $14.5 million. As well as, the Underwriters will now have an choice to buy up to an extra 1,242,857 Shares underneath the Offering on the Problem Value.
In all different respects, the phrases and objective of the Upsized Offering and use of proceeds therefrom will stay as beforehand disclosed within the February 4, 2026 information launch. Concurrent with the Bought Deal Offering, the Firm will even conduct a non-brokered personal placement (the “Non-Brokered Non-public Placement“, and along with the Upsized Offering, the “Offering”) of 2,285,714 Widespread Shares on the Offering Value of $1.75 for combination proceeds of roughly $4,000,000.
The amended and restated providing doc (the “Offering Doc“) associated to the Offering may be accessed underneath the Firm’s issuer profile on SEDAR+ at www.sedarplus.ca and on the Firm’s web site at www.petrusresources.com. Potential traders ought to learn the Offering Doc earlier than investing resolution. The Offering is predicted to shut on or about February 19, 2026, and is topic to sure situations together with, however not restricted to, approval by the Toronto Inventory Change.
This press launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase nor shall there be any sale of any of the securities in any jurisdiction through which such supply, solicitation or sale can be illegal, together with any of the securities in the USA. The securities described herein haven’t been, and won’t be, registered underneath the U.S. Securities Act or any state securities legal guidelines and will not be supplied or offered inside the USA or to, or for account or profit of, U.S. Individuals (as outlined in Regulation S underneath the 1933 Act) except registered underneath the U.S. Securities Act and relevant state securities legal guidelines, or an exemption from such registration necessities is obtainable.
About Petrus
Petrus is a public Canadian oil and gasoline firm centered on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.
For additional info, please contact:
Ken Grey, P.Eng.
President and Chief Govt Officer
T: (403) 930-0889
E: kgray@petrusresources.com
ADVISORIES
Foundation of Presentation
All quantities on this press launch are said in Canadian {dollars} except in any other case specified.
Ahead-Wanting Statements
Sure info concerning Petrus set forth on this press launch incorporates forward-looking statements inside the which means of relevant securities legislation, that contain substantial identified and unknown dangers and uncertainties. The use of any of the phrases “anticipate”, “proceed”, “estimate”, “count on”, “could”, “will”, “undertaking”, “ought to”, “imagine” and comparable expressions are supposed to determine forward-looking statements. Such statements symbolize Petrus’ inside projections, estimates, beliefs, plans, targets, assumptions, intentions or statements about future occasions or efficiency. These statements are solely predictions and precise occasions or outcomes could differ materially. Though Petrus believes that the expectations mirrored within the forward-looking statements are affordable, it can’t assure future outcomes since such expectations are inherently topic to vital enterprise, financial, aggressive, political and social uncertainties and contingencies. Many elements might trigger Petrus’ precise outcomes to differ materially from these expressed or implied in any forward-looking statements made by, or on behalf of, Petrus. Specifically, forward-looking statements included on this press launch embrace, however should not restricted to statements with respect to: the small print in respect of the Offering, together with the anticipated cut-off date of the Offering. Additional, statements relating to reserves and sources are deemed to be forward-looking statements, as they contain the implied evaluation, based mostly on sure estimates and assumptions, that the sources and reserves described may be profitably produced sooner or later. As well as, forward-looking statements could embrace statements attributable to third-party business sources. There may be no assurance that the plans, intentions, or expectations upon which these forward-looking statements are based mostly will happen.
These forward-looking statements are topic to quite a few dangers and uncertainties, most of that are past the Firm’s management, together with: the chance that (i) the tariffs which might be presently in impact on items exported from or imported into Canada proceed in impact for an prolonged interval of time, the tariffs which were threatened are applied, that tariffs which might be presently suspended are reactivated, the speed or scope of tariffs are elevated, or new tariffs are imposed, together with on oil and pure gasoline, (ii) the U.S. and/or Canada imposes every other kind of tax, restriction or prohibition on the import or export of merchandise from one nation to the opposite, together with on oil and pure gasoline, and (iii) the tariffs imposed or threatened to be imposed by the U.S. on different international locations and retaliatory tariffs imposed or threatened to be imposed by different international locations on the U.S., will set off a broader international commerce warfare which might have a cloth hostile impact on the Canadian, U.S. and international economies, and by extension the Canadian oil and pure gasoline business and the Firm, together with by reducing demand for (and the value of) oil and pure gasoline, disrupting provide chains, rising prices, inflicting volatility in international monetary markets, and limiting entry to financing; normal financial and enterprise situations and modifications in worldwide, nationwide and native macroeconomic and enterprise situations, in addition to sociopolitical situations in sure native or regional markets, together with consequently of conflicts within the Center East and the conflicts between Russia and Ukraine and the U.S. and Venezuela and the responses thereto from different international locations and establishments (together with commerce sanctions and monetary controls), which has created volatility within the international economic system and will proceed to adversely influence financial and commerce exercise; volatility in market costs for crude oil, pure gasoline liquids and pure gasoline; business situations; foreign money fluctuation; modifications in rates of interest and inflation charges; imprecision of reserve estimates; liabilities inherent in crude oil and pure gasoline operations; environmental dangers; incorrect assessments of the worth of acquisitions and exploration and growth applications; competitors; the shortage of availability of certified personnel or administration; modifications in earnings tax legal guidelines or modifications in tax legal guidelines and incentive applications relating to the oil and gasoline business; hazards resembling hearth, explosion, blowouts, cratering, and spills, every of which might lead to substantial injury to wells, manufacturing amenities, different property and the setting or in private damage and/or improve our prices, lower our manufacturing, or in any other case impede our potential to function our enterprise; excessive climate occasions, resembling wild fires, floods, drought and excessive chilly or heat temperatures, every of which might lead to substantial injury to our belongings and/or improve our prices, lower our manufacturing, or in any other case impede our potential to function our enterprise; inventory market volatility; potential to entry enough capital from inside and exterior sources; that the quantity of dividends that the Firm pays could also be diminished or suspended totally; that the Firm scale back or droop the repurchase of shares underneath its regular course issuer bid; and the opposite dangers and uncertainties described within the Firm’s most lately filed annual info kind. With respect to forward-looking statements contained on this press launch, Petrus has made assumptions concerning: the period and influence of tariffs which might be presently in impact on items exported from or imported into Canada, and that aside from the tariffs which might be presently in impact, neither the U.S. nor Canada (i) will increase the speed or scope of such tariffs, reenacts tariffs which might be presently suspended, or imposes new tariffs, on the import of items from one nation to the opposite, together with on oil and pure gasoline, and/or (ii) imposes every other kind of tax, restriction or prohibition on the import or export of merchandise from one nation to the opposite, together with on oil and pure gasoline; the closing of the Offering on the phrases described herein or in any respect; future commodity costs and royalty regimes; availability of expert labour; timing and quantity of capital expenditures; future trade charges; the influence of rising competitors; situations typically financial and monetary markets; availability of drilling and associated tools and companies; results of regulation by governmental businesses; the consequences of inflation on the Firm’s prices and profitability; future rates of interest; and future working prices. Administration has included the above abstract of assumptions and dangers associated to forward-looking statements offered on this press launch so as to present traders with a extra full perspective on Petrus’ future operations and such info will not be applicable for different functions. Petrus’ precise outcomes, efficiency or achievement might differ materially from these expressed in, or implied by, these forward-looking statements and, accordingly, no assurance may be provided that any of the occasions anticipated by the forward-looking statements will transpire or happen, or if any of them accomplish that, what advantages that the Firm will derive therefrom. Readers are cautioned that the foregoing lists of elements should not exhaustive.
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