Spartan Delta Corp. Announces Adoption of Shareholder Rights Plan
Press Release
Calgary, Alberta – March 24, 2026 – Spartan Delta Corp. (“Spartan” or the “Company”) (TSX:SDE) announces that its board of directors has adopted a shareholder rights plan (the “Rights Plan”) with Odyssey Trust Company as rights agent effective today.
The Rights Plan is consistent with modern rights plans adopted by other Canadian public companies and has not been adopted in response to any specific proposal or intention to acquire control of Spartan. In the event of an unsolicited takeover bid in the future, the purpose of the Rights Plan is to provide the Board and shareholders of Spartan with an adequate amount of time to evaluate such unsolicited offer, explore value-enhancing alternatives, encourage potential bidders to treat Spartan shareholders fairly and provide full and fair value for the Spartan shares.
The Rights Plan has been conditionally accepted by the Toronto Stock Exchange, subject to ratification by Spartan’s shareholders at the 2026 annual general and special meeting, to be held in May 2026. The Rights Plan is expected to initially remain in effect for three years after the date of formal shareholder ratification. A copy of the Rights Plan is available on SEDAR+ and the Company’s website.
ABOUT SPARTAN DELTA CORP.
Spartan Delta Corp. is a Calgary- based oil and gas company focused on delivering sustainable oil-weighted production growth. The Company has established one of the largest acreage positions in the Duvernay and operates a substantial Deep Basin asset, providing multi-decade inventory depth across its portfolio of assets. Spartan’s Duvernay asset represents a scalable light-oil growth platform, while the Deep Basin provides stable free funds flow and liquids-rich natural gas development optionality. The Company is committed to operational excellence, capital discipline, and responsible development in relation to the environment and communities in which it operates.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Fotis Kalantzis
Spartan Delta Corp.
President and Chief Executive Officer
1400, 350 – 7th Avenue SW
Calgary, Alberta, Canada T2P 3N9
Email: IR@SpartanDeltaCorp.com
www.spartandeltacorp.com
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