Canada Energy Partners Inc. announced that it will issue 5,000,000 units at a price of CAD 0.08 per unit for gross proceeds of CAD 400,000 on January 6, 2022. Each unit shall consist of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to acquire one share at an exercise price of CAD 0.12 for a period of 12 months following the closing date.

The company may finder's fees with respect to the transaction. The transaction is subjected to the TSX Venture Exchange approval. All securities issued in the transaction will be subject to a hold period of 4 months from the closing date.