LNG Energy Group Finalizes Second Tranche of Private Placement

On October 15, 2026, LNG Energy Group Corp. announced the completion of the second tranche of its non-brokered private placement. This recent tranche resulted in the issuance of 11,214,652 units at C$0.05 each, raising approximately C$560,732.60. Combined with the first tranche, the total gross proceeds amount to approximately C$1,032,636.15.

Each unit includes one common share and one warrant, allowing acquisition of an additional share at C$0.10 within 36 months. The private placement adheres to Ontario Securities Commission guidelines, which partially revoked a previous cease trade order. Despite progress, the full revocation of this order remains uncertain.

Insiders subscribed to 8,910,452 units, amounting to C$445,522.60, under related party transactions exemptions. The issued units are subject to a four-month hold, set to expire on February 15, 2027. LNG Energy aims to use the proceeds for disclosure obligations and seeking full revocation of the trade suspension.