Dune Oil Upsizes Private Placement to CAD 4 Million

Dune Oil upsized its non-brokered private placement to CAD 4 million, including amounts already closed and debt settlements. The offering comprises up to 26,666,667 units at CAD 0.15 each, comprising one common share and half a share purchase warrant. Each whole warrant is exercisable at CAD 0.25 per share for one year from issuance. Closing is expected by October 20, 2026; proceeds will support M47 exploration, working capital and general corporate purposes. A proposed CAD 950,750 debt settlement would issue 6,338,333 common shares at CAD 0.15 each to directors, officers, management and consultants. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dune Oil Corp. published the original content used to generate this news brief on October 15, 2026, and is solely responsible for the information contained therein. (C)