Greenland Energy Closes $70M Offering for Greenland Exploration

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Greenland Energy Company Closes $70 Million Public Offering

Houston, Texas - Greenland Energy Company (NASDAQ: GLND) has announced the successful closing of its public offering, generating gross proceeds of approximately $70 million. The company, which focuses on oil and gas exploration in Greenland's Jameson Land Basin, plans to use the capital to accelerate its exploration program and prepare for drilling operations scheduled for October 2026.

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About Greenland Energy Co

About Greenland Exploration Limited Greenland Exploration Limited is a Texas-based entity focused on developing strategic positions in North American energy assets. Through its partnerships and future acquisitions, Greenland aims to deliver long-term shareholder value in a dynamic and evolving energy market. About March GL Company March GL Company, a privately-owned Texas Corporation, entered into an agreement with 80 Mile for drilling to commence at the Jameson oil and gas basin in Greenland. March GL will fund 100% of the costs associated with up to two exploration wells which are designed to delineate the sedimentary structure and energy potential of the Jameson Land Basin. In return, March GL will earn through 80 Mile’s subsidiary company up to 70% interest of the entire basin. March GL Company will be appointed as Field Operations Manager. More information is available on its website www.MarchGL.com.

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