/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, Sept. 22, 2026 /CNW/ -- Oregen Energy Corp. (CSE: ORNG) (FSE: A1S0) (OTCQB: ORGEF) ("Oregen" or the "Company") is pleased to announce its intention to complete a non-brokered private placement of up to 25,000,000 units for gross proceeds of up to $1,500,000, at a price of $0.06 per unit (the "Units"). 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"). Commencing on the 61st day after issuance, each whole Warrant will be exercisable into one Common Share at a price of $0.11 for a period of 36 months from the date of issuance (the "Offering").
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (EQNX::endash) Prospectus Exemptions(EQNX::nobreakspace)("NI(EQNX::nobreakspace)45-106"), the Offering is being made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 (EQNX::endash) Exemptions from Certain Conditions of the Listed Issuer Financing Exemption(EQNX::nobreakspace)(the "Listed Issuer Financing Exemption"). The securities issued under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
The Offering is non-brokered; however, the Company may pay eligible arm's length finders a cash commission of up to 7% of the gross proceeds raised from subscribers introduced by such finder and may issue such finder or finders that number of finder's warrants equal to up to 7% of the number of Units sold to investors introduced by such finders. Each finder's warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.11 for a period of 36 months from issuance. All finder compensation is subject to applicable regulatory approval.
The Offering is expected to close in one or more closings, with the initial closing expected to occur on or about October 5, 2026, or such other date as may be determined by the Company.
Closing of the Offering is subject to obtaining all required approvals, including the approval of the Canadian Securities Exchange (the "CSE") and any other regulatory approval.
The proceeds from the Offering will be used by Oregen to fund general working capital and to fund the licensing of seismic data in respect of the Company's Orange Basin assets, including its indirect interest in Block 2712A (PEL 107) and Block 2812Ab.
There is an offering document (the "Offering Document") related to the Offering that can be accessed under the Company's issuer profile on SEDAR+ at www.sedarplus.ca(EQNX::nobreakspace)and on the Company's website at: investors.oregen.com. Prospective investors should read this Offering Document before making an investment decision.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
HIGHLIGHTS
- Oregen intends to complete a non-brokered private placement of up to 25,000,000 units at $0.06 per unit for gross proceeds of up to $1,500,000; each Unit consists of one Common Share and one-half of one Common Share purchase Warrant(EQNX::nobreakspace)
- The Offering is being made pursuant to the Listed Issuer Financing Exemption under NI(EQNX::nobreakspace)45-106; securities issued will not be subject to a hold period under applicable Canadian securities laws
- Proceeds will be used to fund general working capital, to fund the licensing of seismic data in respect of the Company's Orange Basin assets
- Initial closing expected on or about October 5, 2026, subject to CSE and other regulatory approvals
ABOUT OREGEN ENERGY CORP.
Oregen is an investment company primarily focused on oil and gas assets in Africa. The Company is actively exploring other investment opportunities in the Orange and surrounding basins. Its current flagship investment is a 33.95% net interest in Block 2712A in the Orange Basin offshore Namibia, an emerging world-class petroleum province with multiple recent discoveries by major operators. Oregen has also signed a non-binding Letter of Intent to evaluate an investment in Petrovena Energy (Pty) Ltd., which has been issued an award letter to enter into a Petroleum Agreement and be granted a license on Block 2812Ab, a highly prospective exploration block located directly northwest of TotalEnergies' Venus discovery.
On Behalf of the Board of Directors
Kevin Shrimpton
Interim Chief Executive Officer & Director
Sign up for our Newsletter at our Investor Page:
https://investors.oregen.com/
Follow our Social Media Channels:
X (formerly Twitter): https://x.com/oregenenergy
LinkedIn: https://www.linkedin.com/company/oregenenergycorp/
YouTube:(EQNX::nobreakspace)https://www.youtube.com/@OregenEnergy
Facebook: https://www.facebook.com/oregenenergy/
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking statements specifically include, but are not limited to, statements relating to the completion, size, pricing and terms of the Offering, the anticipated use of proceeds, the anticipated closing date, the engagement and compensation of any finder, and the receipt of all required regulatory approvals.
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainties affecting the business of Oregen. Such statements can generally, but not always, be identified by words such as "expects", "plans", "anticipates", "intends", "estimates", "forecasts", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, actual results could materially differ from those currently projected, and there is no representation by Oregen that the actual results realized in the future will be the same in whole or in part as those presented herein. Oregen disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding Oregen's business contained in Oregen's reports filed with the securities regulatory authorities in Canada. For more information on Oregen and the risks and challenges of its business, investors should review Oregen's filings that are available at www.sedarplus.ca.
Oregen provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
SOURCE Oregen Energy Corp.
View original content: http://www.newswire.ca/en/releases/archive/September2026/22/c3899.html
