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Vermilion Energy Inc. Sells Common Shares of Coelacanth Energy Inc.

  • Vermilion Energy Inc. filed an Early Warning Report on December 8, 2025, regarding its holdings in Coelacanth Energy Inc.
  • The company sold 30,000,000 Coelacanth common shares via a private transaction at $0.76 per share for a total of $22,800,000.
  • This sale represented more than 2% of Coelacanth's outstanding shares, triggering the regulatory filing requirement.
  • Vermilion's ownership decreased from 110,179,104 shares (approx. 20.7%) to 80,179,104 shares (approx. 15.0%) following the transaction.
  • The sale supports Vermilion's priority of reducing debt to enhance business resiliency.
  • An investor rights agreement restricts Vermilion from selling more than 60,000,000 of its pre-transaction holdings without Coelacanth's consent until June 8, 2026.
  • The company may adjust its future investment levels in Coelacanth based on market, economic, or industry conditions.
  • The Early Warning Report was filed under National Instrument 62-103 and is available on SEDAR+.