Oregen Energy closes non-brokered LIFE financing

Canada NewsWire

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VANCOUVER, BC , Sept. 22, 2026 /CNW/ -- Oregen Energy Corp. (CSE: ORNG) (FSE: A1S0) (OTCQB: ORGEF) (" Oregen " or the " Company ") is pleased to announce its intention to complete a non-brokered private placement of up to 25,000,000 units for gross proceeds of up to $1,500,000, at a price of $0.06 per unit (the " Units "). Each Unit will consist of one common share of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Commencing on the 61 st day after issuance, each whole Warrant will be exercisable into one Common Share at a price of $0.11 for a period of 36 months from the date of issuance (the " Offering ").

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (" NI 45-106 "), the Offering is being made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the " Listed Issuer Financing Exemption "). The securities issued under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.

The Offering is non-brokered; however, the Company may pay eligible arm's length finders a cash commission of up to 7% of the gross proceeds raised from subscribers introduced by such finder and may issue such finder or finders that number of finder's warrants equal to up to 7% of the number of Units sold to investors introduced by such finders. Each finder's warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.11 for a period of 36 months from issuance. All finder compensation is subject to applicable regulatory approval.

The Offering is expected to close in one or more closings, with the initial closing expected to occur on or about October 5, 2026, or such other date as may be determined by the Company.

Closing of the Offering is subject to obtaining all required approvals, including the approval of the Canadian Securities Exchange (the " CSE ") and any other regulatory approval.

The proceeds from the Offering will be used by Oregen to fund general working capital and to fund the licensing of seismic data in respect of the Company's Orange Basin assets, including its indirect interest in Block 2712A (PEL 107) and Block 2812Ab.

There is an offering document (the " Offering Document ") related to the Offering that can be accessed under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and on the Company's website at: investors.oregen.com . Prospective investors should read this Offering Document before making an investment decision.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.