Investissement Québec Sells Its Stake in Transoceanic Investments Inc.

QUÉBEC CITY, Sept. 23, 2026 /CNW/ -- Investissement Québec ("IQ") announced today that it sold, on September 22, 2026, its entire stake in Transoceanic Investments Inc. (the "Issuer").

The transaction involved the direct sale of 13,706,294 common shares and the indirect sale of 3,314,917 common shares held through the Capital Resources and Energy Fund, which is managed by Investissement Québec. In total, 17,021,211 common shares were sold, representing approximately 10.05% of the Issuer's outstanding common shares.

Immediately prior to the transaction, IQ beneficially owned and exercised control or direction over these 17,021,211 common shares. Following completion of the transaction, IQ no longer owns, directly or indirectly, any shares of the Issuer.

The common shares were sold in order to monetize IQ's investment in the Issuer. The transaction was completed through a registered securities broker as part of a pre-arranged transaction on the TSX Venture Exchange. The 17,021,211 common shares were sold at a price of $0.065 per share, for aggregate gross proceeds of $1,106,379.

Additional information regarding this transaction will be available in the early warning report to be filed by IQ on SEDAR+. A copy of the report may be obtained by contacting Isabelle Fontaine, Senior Director, Public and Government Affairs, Investissement Québec, 514-876-9359.

About Investissement Québec

Investissement Québec's mission is to play an active role in Québec's economic development by stimulating business innovation, entrepreneurship, investment growth and exports. Active throughout all regions of Québec, the Corporation supports the creation and growth of businesses through tailored financing solutions and strategic advisory services. Investissement Québec is also responsible for attracting foreign investment and administering various government programs designed to support businesses.

For more information, visit www.investquebec.com.

The head office of Investissement Québec is located at: 1195 Lavigerie Avenue, Suite 060, Québec City, Québec G1V 4N3, Canada.

SOURCE Investissement Québec

Information: Investissement Québec, 1-844-474-6367