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Cub Energy Announces Short Form Prospectus Offering

Cub Energy Inc. (KUB.V) announced that it has filed a preliminary short form prospectus in connection with a fully marketed public offering of common shares in the capital of the company to the public at a price per offered share to be determined in the context of the market, for aggregate gross proceeds of up to $15 million.

It is presently anticipated that the net proceeds from the issuance of offered shares will be used by the company for further development, appraisal and exploration of the company's interests in Ukraine, general and administrative expenses and for assessing other corporate opportunities in the region.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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