Core Viewpoint - Canacol Energy Ltd. has entered into a debtor-in-possession (DIP) financing agreement to support its ongoing operations and restructuring efforts under the Companies' Creditors Arrangement Act (CCAA) [1][5]. Financing Details - The DIP Financing consists of a U.S.$45 million delayed-draw new-money term loan and an additional capacity to issue up to U.S.$22 million in letters of credit [1][2]. - The Term Loan Tranche will initially provide U.S.$15 million, with the remaining U.S.$30 million subject to customary conditions [2]. - The financing will mature on June 30, 2026, with a possible three-month extension [1]. Purpose of Financing - Proceeds from the DIP Financing will be utilized for funding ongoing operations, restructuring costs, and renewing or replacing required letters of credit [2][3]. Court Approvals and Conditions - The DIP financing is contingent upon court approvals, including an approval order from the Court of King's Bench of Alberta and recognition by the US Bankruptcy Court [2][3]. - Additional conditions include obtaining a Colombian recognition order and compliance with prescribed milestones [2]. Company Status - Canacol is currently operating under CCAA protection, which provides certain protections from creditors during its restructuring process [5]. - Trading of the Company's shares has been suspended since November 17, 2025, and will continue until delisting takes effect [6][8]. Shareholder Information - Shareholders are advised to consult the Monitor's website for updates and information regarding the Company's restructuring and insolvency proceedings [4][7].