Toronto, Ontario--(Newsfile Corp. - December 17, 2025) - Ravelin Properties REIT (TSX: RPR.UN) ("Ravelin" or the "REIT"), an internally managed global owner and operator of well-located commercial real estate, announced today that G2S2 Capital Inc. ("G2S2 Capital") has, at the request of an independent committee of the board of trustees of the REIT, agreed to extend the forbearance period on certain loans of the REIT in the aggregate principal amount of approximately CAD$528.3 million and US$45.5 million ( ...

Financial Data and Key Metrics Changes - The company is poised to materially outspend cash flow over the next two to three years due to a significant amount of growth capital needed to optimize assets [3][4] - A transformational recapitalization plan is announced, which includes a $300 million equity rights offering and a $275 million revolving credit facility [4][5] Business Line Data and Key Metrics Changes - The company expects to hit the top end of its 2025 production guidance range of 15,000-16,000 barrels per day due to strong base well performance at the Hanging Stone facilities [6] - The 2026 capital budget has been approved at $180 million, with anticipated annual bitumen production of 15,500-16,500 barrels per day [8] Market Data and Key Metrics Changes - The company continues to engage with the Alberta Energy Regulator regarding sulfur emission exceedances and is installing sulfur removal facilities expected to be operational in November 2025 [8] Company Strategy and Development Direction - The recapitalization plan aims to reduce debt and support organic growth business plans to fill plant capacity at the Hanging Stone facilities [4] - The company plans to commence drilling operations at its inaugural SAGD well pad, Pad 7, in November 2025, with first oil anticipated in Q4 2026 [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current oil price outlook and the need for significant growth capital investment, indicating a challenging operating environment [3] - Despite expectations for the expansion asset to resume full capacity by year-end 2025, production levels are anticipated to remain relatively flat in 2026 due to growth capital projects not reaching first oil until late Q4 2026 and a planned major turnaround in May 2026 [8][9] Other Important Information - The company has successfully restored a failed boiler ahead of schedule and is proactively refurbishing a second boiler [6][7] - The recapitalization plan is expected to leave the company debt-free upon closing [5] Q&A Session Summary Question: No questions were asked during the Q&A session - There were no questions from analysts during the Q&A session [11]

Core Viewpoint - The second quarter of 2025 was a pivotal period for i-80 Gold, marked by a significant equity raise that strengthened the company's balance sheet and improved liquidity, enabling advancement in its development plans [5]. Financial Developments - The equity raise completed in May is a major step in the company's recapitalization plan [5]. - The financing will support advanced technical studies, including feasibility studies and a Class III engineering study for the Lone Tree autoclave processing facility [6]. - The funds will also facilitate underground development at the company's committees, initiate infill drill programs, and continue permitting work [6].