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CALGARY, AB, March 5, 2024 /CNW/ - Journey Energy Inc. (TSX: JOY) (the "Company" or "Journey") is pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc. (the "Underwriter") pursuant to which the Underwriter has agreed to purchase, on a bought deal, private placement basis, 38,000 senior unsecured convertible debentures of the Company (the "Convertible Debentures", each a "ConvertibleDebenture") at a price of $1,000 per Convertible Debenture for total gross proceeds of $38,000,000 (the "Offering"). The Offering is to be led by a group of strategic U.S. institutional investors.