Record Resources Closes $1.9 Million Offering to Advance Strategic Growth Initiatives in Gabon, Africa

Core Viewpoint - Record Resources Inc. has successfully completed a brokered private placement offering, raising approximately $1,900,000 through the issuance of units priced at $0.06 each [1]. Group 1: Offering Details - The offering consisted of 31,666,664 units, with each unit comprising one common share and one-half of a common share purchase warrant, exercisable at $0.09 per share until June 23, 2028 [2][4]. - The offering was led by Research Capital Corporation as the sole agent and bookrunner [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards advancing strategic growth plans in Gabon, Africa, as well as for working capital and general corporate purposes related to the company's existing oil development and exploration assets [3]. Group 3: Participation and Fees - Certain directors and officers of the company participated in the offering, purchasing a total of 683,332 units for gross proceeds of $41,000, which are subject to a hold period expiring on April 22, 2026 [7]. - The company paid a cash commission of $133,527.99 to the agent and issued 2,225,467 non-transferable broker warrants, each entitling the holder to purchase one unit at the offering price until June 23, 2028 [6].