Condor Energies launches up to C$65 million convertible debenture offering

• Condor launched a best-efforts public offering of 12% unsecured convertible debentures for up to C$20 million.
• Concurrent non-brokered private placement on the same terms for up to C$45 million; total targeted proceeds up to C$65 million.
• Debentures priced at C$1,000 each; convertible at C$6.00 per share; maturity 36 months from issuance.
• Interest set at 12% annually, payable quarterly in cash; principal scheduled for cash repayment at maturity.
• Proceeds earmarked for field compression in Uzbekistan, modular LNG facilities in Kazakhstan, working capital, general corporate purposes.

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