Cavvy Energy Announces Exercise of Warrants

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 31, 2026 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) announces the cashless exercise of common share purchase warrants (the “Warrants”) by PCEP Canadian Holdco, LLC. (“PCEP”).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 PCEP in 2023 and 2024 in connection with debt financing to Cavvy, then Pieridae Energy Limited. The Warrants, totalling 19,804,414, have been exercised using the cashless exercise mechanism specified in the warrant certificates. The warrants were exercised at a weighted average price of $0.4485 per share, in exchange for the issuance of 13,030,536 common shares.Article contentArticle contentThe Company has 309,080,041 common shares and nil share purchase warrants 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.comArticle contentTrending Chinese cars can’t cross from Canada to U.S., Trump’s envoy says Autos Suncor reveals expansion plans as key oilsands mine enters its last decade Energy Old Age Security reform is a good idea; arbitrary clawbacks are not Personal Finance Iran oil shock 'worst energy crisis of our lifetime': Eric Nuttall Oil & Gas Snowbirds moving back home drives high demand for cottage properties Real Estate 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. Chinese cars can’t cross from Canada to U.S., Trump’s envoy says Autos Suncor reveals expansion plans as key oilsands mine enters its last decade Energy Old Age Security reform is a good idea; arbitrary clawbacks are not Personal Finance Iran oil shock 'worst energy crisis of our lifetime': Eric Nuttall Oil & Gas Snowbirds moving back home drives high demand for cottage properties Real Estate