Dune Oil Announces New OTC Symbol and Completes Private Placement
News related to:Dune Oil Corp · 1 min read
Dune Oil Corp, a Canadian oil exploration company based in Vancouver, British Columbia, has announced several key updates. The company has introduced a new OTCQB trading symbol, DUNXF, effective September 14, 2026. This change does not affect the company's name, business, or corporate structure, and requires no action from shareholders.
Additionally, Dune Oil has completed a non-brokered private placement, raising a total of CAD$422,500 through the issuance of 2,816,667 units. Each unit consists of one common share and one-half of one share purchase warrant. The warrants are exercisable at CAD$0.25 per share for a period of one year from the date of issuance. The company also settled CAD$20,000 in outstanding debt with an arm's length party by issuing 133,333 units. The shares and warrants issued in this tranche are subject to hold periods until December 26, 2026, and January 15, 2027, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (CSE).
Dune Oil Corp will participate in the 3rd Annual ArcStone-Kingswood Growth Summit on September 16, 2026, in Toronto. Management will discuss the company's M47 oil exploration project, planned milestones, and growth strategy, and will participate in one-on-one investor meetings.