Saturn Oil & Gas Inc. has amended its syndicated credit facility to extend the maturity date by one year to July 31, 2029, while also increasing its elected commitment to $200 million. The amendment, dated June 30, 2026, provides the company with greater liquidity and financial flexibility, with total available borrowing base and commitments now reaching up to $500 million.

The tenor of the Credit Facility has been amended from two years to three years. John Jeffrey, CEO of Saturn, attributed the revised terms to the company's performance, disciplined capital allocation, and profitability enhancements. He noted that the amendment results in a lower cost of borrowing, reflecting the company's increased size and scale.

National Bank of Canada Capital Markets is acting as Co-Lead Arranger and Sole Bookrunner for the Credit Facility. ATB Financial is acting as Co-Lead Arranger, and Goldman Sachs Bank USA is participating as a Lender. The facility is subject to a semi-annual borrowing base redetermination on or before June 30 and November 30 of each year, with the next review scheduled for June 30, 2027.

Key Details of the Amended Credit Facility

The amended and restated Credit Facility agreement will be available on Saturn's SEDAR+ profile. Saturn is a Canadian energy company focused on the development of light oil-weighted assets in Saskatchewan and Alberta. Its shares are listed on the TSX under the ticker 'SOIL' and on the OTCQX under the ticker 'OILSF'.

The Canadian Investment Regulatory Organization (CIRO) resumed trading in all issues of Saturn Oil & Gas Inc. on June 19, 2026, at 10:00 AM ET. The resumption follows a temporary halt implemented earlier the same day at 9:14 AM ET to allow for the dissemination of information. CIRO, the national self-regulatory organization overseeing investment dealers and trading activity on debt and equity marketplaces in Canada, implements trading halts to ensure a fair and orderly market.

The suspension affected all issues of the company, identified by the TSX symbol SOIL. CIRO has the authority to impose such suspensions and determines when trading can resume in an orderly manner. The regulatory body's decision to lift the halt indicates that the necessary information has been disseminated to the public.

The following table summarizes the trading activity details:

CIRO's actions are aimed at maintaining market integrity. The organization monitors trading activity and can intervene when necessary to protect investors and ensure transparency in the marketplace.