Month: September 2026

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

CALGARY, Alberta, Sept. 17, 2026 (GLOBE NEWSWIRE) — Westgate Energy Inc. (the “Company” or “Westgate”) (TSXV: WGT) is pleased to announce that, due to investor demand, it has entered into an amended agreement with Haywood Securities Inc. (“Haywood” or the “Underwriter”) as sole underwriter and bookrunner, to increase the size of its previously announced “bought deal” private placement offering to approximately $6.5 million (the “Upsized Offering”).

The Underwriter has agreed to purchase, on a bought deal private placement basis, 26,000,000 units of the Company (the “Units”), each consisting of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), at a price of $0.25 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of $6,500,000 (the “Offering”), subject to the terms and conditions of the agreement. Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.35 for a period of 24 months following the Closing Date (as defined herein). The Warrants will not be exercisable prior to the date that is 61 days following the Closing Date. If, at any time following the date that is 60 days after the Closing Date, the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the “TSXV”) equals or exceeds $0.45 for 10 consecutive trading days, the Company may accelerate the expiry of the Warrants by issuing a press release, whereupon the Warrants shall expire on the date that is 30 days following such notice.

In connection with the Offering, the Company hereby grants the Underwriter an option (the “Underwriter’s Option”), exercisable in whole or in part, by Haywood giving notice to the Company at any time up to 48 hours prior to the Closing Date, to purchase, or to find substituted purchasers for, up to an additional 3,900,000 Units (the “Additional Units”) at a price per Additional Unit equal to the Issue Price for additional gross proceeds to the Company of $975,000. In the event that the Underwriter’s Option is exercised in its entirety, the total gross proceeds to the Company from the Offering will be $7,475,000. All references herein to the “Offering” shall be deemed to include any exercise of the Underwriter’s Option and all references herein to the “Units” shall be deemed to include the Additional Units.

The Units will be offered and sold pursuant to the “listed issuer financing exemption” under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) and Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “LIFE Exemption”) in each of the provinces of Canada, other than Quebec. As the Offering is being completed pursuant to the LIFE Exemption, the Units issued pursuant to the Offering will not be subject to a statutory hold period pursuant to applicable Canadian securities laws. The Units may also be offered in the United States by way of private placement pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. Notwithstanding anything contained herein, Haywood may offer and sell Units pursuant to the “accredited investor”, “minimum amount investment” and “family, friends and business associates” private placement exemptions in accordance with NI 45-106.

In all other respects, the terms and purpose of the Upsized Offering and use of proceeds therefrom will remain as previously disclosed in the September 15, 2026 news release.

The amended and restated offering document (the “Offering Document”) can be accessed under the Company’s profile at www.sedarplus.com and at www.westgateenergy.ca. Prospective investors should read the Offering Document before making an investment decision. The Offering is expected to close on or about September 30, 2026, and is subject to certain conditions including, but not limited to, approval by the TSXV.

The securities described herein have not been and will not be registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or ‎sold to, or for the account or benefit of, persons in the “United States” or to “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act), absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any ‎jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States.‎

About Westgate

Westgate is focused on the emerging Mannville Stack fairway located in East-Central Alberta and West-Central Saskatchewan, a region with established medium and heavy oil accumulations. Producers in this fairway are increasingly unlocking these reservoirs with modern horizontal drilling and completion techniques, which have materially improved well performance and capital efficiencies.

For more information, please visit www.westgateenergy.ca.

Reader Advisories

In this press release, all references to “$” are to Canadian dollars.

Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “should”, “believe”, “intends”, “forecast”, “plans”, “guidance” and similar expressions are intended to identify forward-looking statements or information.

More particularly and without limitation, this news release contains forward-looking statements and information relating to the proposed Offering, its size and terms, the anticipated Closing Date, the receipt of required approvals and the anticipated use of proceeds from the Offering. These statements and information are based on expectations and assumptions made by the Company, including completion of the Offering on the proposed terms, receipt of required approvals, prevailing commodity prices and exchange rates, the availability of capital, and the availability and cost of labor and services.

Although the Company believes these expectations and assumptions are reasonable, there can be no assurance that they will prove correct or that the Offering will be completed on the proposed terms or at all. Actual results may differ materially due to risks and uncertainties, including changes in market conditions or investor demand, failure to obtain required approvals, operational risks associated with oil and gas exploration, development and production, changes in capital expenditure plans, uncertainty in production and cost estimates, commodity price and exchange rate fluctuations, marketing and transportation constraints, environmental risks, competition, access to capital, and changes in tariff, tax, royalty and environmental legislation. Additional risks are described in the Company’s continuous disclosure filings available on SEDAR+ at www.sedarplus.com.

The forward-looking statements and information in this news release are made as of the date hereof to provide readers with the Company’s current expectations and may not be appropriate for other purposes. Readers should not place undue reliance on them. The Company undertakes no obligation to publicly update or revise any forward-looking statements or information, except as required by applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information concerning Westgate Energy Inc., please contact:

Dan Brown
Chief Executive Officer and Director
Email: dbrown@westgateenergy.ca

Nick Grafton
Chief Financial Officer
Email: ngrafton@westgateenergy.ca
Phone: 403.984.6724

TORONTO, Sept. 17, 2026 (GLOBE NEWSWIRE) — Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today that it has achieved Gold Partnership Accreditation in Indigenous Relations (“PAIR”) Certification – becoming the first construction company with nation-wide operations to achieve the highest level of certification from the Canadian Council for Indigenous Business (“CCIB”) in the PAIR program.

PAIR has been Canada’s leading Indigenous relations certification program for 25 years. The program is for companies committed to advancing meaningful relationships, economic participation, and measurable outcomes with Indigenous Peoples, businesses, and communities. Certification is confirmed through rigorous independent third-party verification and an independent jury of Indigenous business leaders, measuring performance across four drivers: Leadership Actions, Employment, Business Development, and Community Relationships.

“This achievement reflects the dedication of teams across Aecon and the strength of the relationships we’ve built with Indigenous communities, businesses, and partners over many years,” said Jennifer Campeau, Vice President, Indigenous Relations, Aecon Group Inc. “We are proud of what we’ve accomplished and invite our partners to join us in advancing sustained action with lasting benefits for generations to come.” 

Aecon’s Gold Certification follows its Silver Certification achieved in 2023 and reflects a shift from implementation to integration of Indigenous relations into everyday business practices. Over 300 companies participate in the PAIR certification program.

The certification builds on Aecon’s Reconciliation Action Plan (“RAP”), released in response to Call to Action #92 of the Truth and Reconciliation Commission of Canada. Framed by five pillars – Leadership, Respect, Recognition, Commitment and Empowerment – the RAP has guided measurable progress, including over $1 billion procured from Indigenous businesses, longstanding Indigenous-led partnerships, and the adoption of an Indigenous Procurement Policy. Aecon was also recognized by CCIB as a Supply Change™ Indigenous Procurement Champion, reflecting its commitment to increasing opportunities for Indigenous businesses to participate in its supply chain.

“At Aecon, Reconciliation is reflected in how we govern, how we partner, and how we measure progress,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “Achieving PAIR Gold is an important milestone, but not an endpoint. It reinforces our responsibility to keep raising the standard through consistent action, accountability, and sustained leadership attention.”

“We are proud to recognize the work that Aecon has done to strengthen its relationships with Indigenous communities and businesses,” said Tabatha Bull, CCIB President and Chief Executive Officer. “Achieving PAIR certification reflects a commitment to action and accountability in advancing Indigenous relations. This work matters because strong, respectful relationships creating opportunities for Indigenous participation is shared prosperity. Congratulations to Aecon on this achievement and their continued commitment to this journey.”

Further information is available at aecon.com/IndigenousRelations and on the CCIB PAIR program website.

About Aecon

Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.

For further information:

Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
ir@aecon.com

Nicole Court
Vice President, Corporate Affairs and Communications
416-297-2600
corpaffairs@aecon.com

Jennifer Campeau
Vice President, Indigenous Relations
416-297-2600
reconciliation@aecon.com

Statement on Forward-Looking Information

The information in this news release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon, including statements regarding: Aecon’s anticipated continued advancement of its Indigenous relations, reconciliation objectives and PAIR certification commitments; the anticipated continued growth of Indigenous procurement, relationships, economic participation, employment and business development opportunities; and the expected long-term benefits of these initiatives for Indigenous communities and future generations. Forward-looking statements may in some cases be identified by words such as “may,” “will,” “expects,” “target,” “future,” “plans,” “believes,” “anticipates,” “estimates,” “projects,” “intends,” “should” or the negative of these terms, or similar expressions.  

In addition to events beyond Aecon’s control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to, the risk that anticipated reconciliation objectives, initiatives or Indigenous relations commitments are not realized or advanced as anticipated; the risk that Aecon is unable to maintain its PAIR certification or achieve future certification objectives as expected; the risks associated with a third party’s, including Indigenous partners, communities, businesses, clients and suppliers, failure to perform; the risk of not being able to sustain or grow Indigenous procurement, employment or business development opportunities as anticipated; the risk of not being able to maintain or strengthen relationships and partnerships with Indigenous Peoples, businesses and communities; the risks associated with a dynamic geopolitical, economic and regulatory environment; the risk of changes in demand for Aecon’s services and related impacts on its ability to advance these initiatives; the risk that anticipated benefits to Indigenous communities and stakeholders are not fully realized; and the risk of not being able to execute its ongoing reconciliation strategy, commitments and objectives as anticipated. These forward-looking statements are based on a variety of factors and assumptions including but not limited to that: Aecon’s reconciliation and Indigenous relations initiatives continue to be implemented as planned; Indigenous partners, communities and other third parties continue to engage and perform their roles; none of the risks identified above materialize; there are no unforeseen changes to economic and market conditions; and no significant events occur outside the ordinary course of business. These assumptions are based on information currently available to Aecon, including information obtained from third-party sources. While Aecon believes that such third-party sources are reliable sources of information, Aecon has not independently verified the information. Aecon has not ascertained the validity or accuracy of the underlying economic assumptions contained in such information from third-party sources and hereby disclaims any responsibility or liability whatsoever in respect of any information obtained from third-party sources.  

Risk factors are discussed in greater detail in Section 13 – “Risk Factors” in Aecon’s 2025 Management’s Discussion and Analysis for the fiscal year ended December 31, 2025 and Aecon’s Management’s Discussion and Analysis for the fiscal quarter ended June 30, 2026, each filed on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.