Cavvy Announces Warrant Exercise

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentNotForDistributiontoUnitedStatesNewsWireServicesorDisseminationinUnitedStatesSign In or Create an AccountEmail AddressContinueor View more offersArticle contentCALGARY, Alberta, March 12, 2026 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) announces the exercise of common share purchase warrants (the “Warrants”) by 2652862 Alberta Ltd., an affiliate of Erikson National Energy Inc. (“Erikson”). Proceeds will be used to repay debt.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentThe Warrants were issued to Erikson in 2019 in connection with a debt financing to Cavvy, then Pieridae Energy Limited. The Warrants have been exercised at a price of $0.6836 per share, for proceeds of $3.5 million in exchange for the issuance of 5,120,235 common shares.Article contentArticle contentThe Company has 295,975,505 common shares outstanding, following the exercise of the Warrants.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentABOUT CAVVY ENERGY Cavvy Energy is an integrated Canadian upstream and midstream energy company headquartered in Calgary, Alberta. Cavvy’s objective is to create long term shareholder value through development, production, processing, and marketing of natural gas, natural gas liquids, and sulphur while providing superior service to the Company’s third-party customers through our strategic, company-owned gathering and processing infrastructure located in western Canada.Article contentNeither the TSX nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.Article contentArticle contentArticle contentArticle contentArticle contentArticle contentFor further information, visit www.cavvyenergy.com, or please contact: Darcy Reding, President & Chief Executive Officer Telephone: (403) 261-5900 Adam Gray, Chief Financial Officer Telephone: (403) 261-5900 Investor Relations investors@cavvyenergy.com Article contentTrending CRA refused to cancel TFSA overcontribution tax Personal Finance Canadian telecom Telus says it’s investigating a cyber-breach Cybersecurity 'The bids just dried right up': Iran-driven oil shock ripples through Canadian economy News Canada once considered building an emergency oil reserve with the U.S., but the Americans backed out Oil & Gas 82 Canadians crack Forbes’ 2026 list of the world’s billionaires. Here's the top 10 High Net Worth Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. CRA refused to cancel TFSA overcontribution tax Personal Finance Canadian telecom Telus says it’s investigating a cyber-breach Cybersecurity 'The bids just dried right up': Iran-driven oil shock ripples through Canadian economy News Canada once considered building an emergency oil reserve with the U.S., but the Americans backed out Oil & Gas 82 Canadians crack Forbes’ 2026 list of the world’s billionaires. Here's the top 10 High Net Worth