Barrel Energy secures $150K note and $5M equity purchase facility from Coventry

Barrel Energy Inc.

Closed $150K promissory note (net $125K proceeds) with Coventry Enterprises; 12 monthly payments of $13,750 from Sep 2026 to Aug 2027.
Equity purchase facility up to $5M over 36 months; drawdowns capped at $250K or 200% of avg daily trading value.
Issued 44.86M shares and pre-funded warrant for 5.14M shares at $0.0001; 34.86M shares returnable if note repaid, leaving 10M shares.
Also issued 5M commitment shares; registration statement to be filed by Oct 12, 2026.

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