Delphi Energy Corp. Announces Recapitalization Transaction and Board Changes
(WorldNews Canada)

| **Not for distribution to United States News Services or Dissemination in the United States** DELPHI ENERGY CORP. ANNOUNCES RECAPITALIZATION TRANSACTION AND BOARD CHANGES CALGARY, ALBERTA - September 23, 2019 - Delphi Energy Corp. ("Delphi" or the "Company") is pleased to announce significant recapitalization transaction (the "Recapitalization Transaction") that repositions the Company for future growth and value enhancement. The Recapitalization Transaction achieves the following corporate objectives: Raises a minimum of $43 million of new equity and debt capital exclusively for the development of the Company`s Bigstone Montney asset or consolidation of...