Stamper Oil & Gas raises C$150K in debt, with chairman chipping in
What's the deal? Stamper Oil & GasDealroom has a profile for this one. Try Dealroom → (TSXV: STMP) has raised C$150,000 in promissory notes from a group of lenders, the offshore Namibia-focused explorer announced on July 22, 2026. The notes bear interest at 7.5% per annum and are unsecured, with principal and accrued interest payable within 12 months.
Who put in the money? Chairman and director Mat Goldsmith advanced C$50,000 through a US$36,000 payment, with the remaining C$100,000 coming from lenders at arm's length to the company. No securities, loan bonuses, or finder's fees are payable in connection with the notes.
What's the money for? Stamper intends to use the proceeds for working capital and corporate purposes. The company holds interests across five offshore exploration blocks covering four petroleum exploration licences in Namibia's Orange, Walvis, and Lüderitz Basins.
Why now? The raise gives Stamper near-term liquidity as it advances exploration in what it calls one of the world's most active frontier regions. Goldsmith's note remains subject to TSX Venture Exchange acceptance.
What could go wrong? Because Goldsmith is chairman and a director, his portion counts as a related party transaction under Multilateral Instrument 61-101. Stamper is relying on exemptions from the formal valuation and minority shareholder approval requirements, as the note's fair market value does not exceed 25% of the company's market capitalisation.
The signal: The small, debt-based top-up — with insider participation and a quick turnaround — points to a junior explorer bridging costs rather than tapping equity markets. For frontier-stage oil and gas names, that reliance on short-term, unsecured borrowing underscores how tight funding remains this cycle.
Image credit: Stamper Oil & Gas
