Record Resources Announces Upsize of Offering to $1.8 Million to Advance Strategic Growth Initiatives in Gabon, Africa

Core Viewpoint - Record Resources Inc. has increased its brokered private placement offering from $500,000 to $1.8 million due to strong investor demand, aimed at advancing strategic growth initiatives in Gabon, Africa [1] Group 1: Offering Details - The offering will consist of $1.4 million in units issued on a prospectus-exempt basis and $400,000 in units under a private placement [1] - Each unit will include one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.09 for 30 months [2] - The closing of the offerings is expected around the week of December 22, 2025, subject to regulatory approvals [8] Group 2: Use of Proceeds - Net proceeds from the offerings will be utilized to support strategic growth plans in Gabon, along with working capital and general corporate purposes related to existing oil development and exploration assets [3] Group 3: Agent and Commissions - Research Capital Corporation is the sole agent and bookrunner for the offering, with an option to increase the private placement by up to $100,000 [4] - The agent will receive an 8% cash commission on the gross proceeds and broker warrants equal to 8% of the units sold [9]