On May 6, 2026, Coelacanth Energy Inc. (TSXV: CEI) closed its previously announced bought deal financing, pursuant to which a syndicate of underwriters co-led by Haywood Securities Inc. and Roth Canada, Inc., as joint bookrunners, and including ATB Capital Markets Corp., Acumen Capital Finance Partners Limited, TD Securities Inc. and Ventum Financial Corp., as co-managers, purchased on a "bought deal" basis 97,560,980 common shares of the company at a price of $0.82 per common share for gross proceeds to the company of approximately $80 million. The company intends to use the net proceeds from the bought deal financing for exploration and development of its projects in the Montney Two Rivers area in British Columbia and for working capital and general corporate purposes. The financing was first announced on April 16, 2026 at an initial size of $60 million and was subsequently upsized to $80 million prior to closing on May 6, 2026. The company agreed to pay the underwriters a cash commission equal to 5.0 percent of the gross proceeds of the offering, and the closing was subject to TSX Venture Exchange and applicable securities regulatory approvals. The shares were not registered under the U.S. Securities Act and were sold on a private placement basis to qualified investors outside the United States.