CALGARY, Alberta, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce that, due to investor demand, it has entered into an amended agreement with Haywood Securities Inc. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), to increase the size of its previously announced "bought deal" private placement offering to approximately $14.5 million (the "Upsized Offering").
The Underwriters have agreed to purchase, on a bought-deal basis, a total of 8,285,714 common shares of the Company ("Shares") a price of $1.75 per Share (the "Issue Price") for gross proceeds of approximately $14.5 million. In addition, the Underwriters will now have an option to purchase up to an additional 1,242,857 Shares under the Offering at the Issue Price.
In all other respects, the terms and purpose of the Upsized Offering and use of proceeds therefrom will remain as previously disclosed in the February 4, 2026 news release. Concurrent with the Bought Deal Offering, the Company will also conduct a non-brokered private placement (the "Non-Brokered Private Placement", and together with the Upsized Offering, the "Offering") of 2,285,714 Common Shares at the Offering Price of $1.75 for aggregate proceeds of approximately $4,000,000.
The amended and restated offering document (the "Offering Document") related to the Offering can be accessed under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.petrusresources.com. Prospective investors should read the Offering Document before making an investment decision. The Offering is expected to close on or about February 19, 2026, and is subject to certain conditions including, but not limited to, approval by the Toronto Stock Exchange.
This press 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, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Petrus Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.
For further information, please contact:Ken Gray, P.Eng.President and Chief Executive OfficerT: (403) 930-0889E: [email protected]
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