Altura Energy Announces Non-Brokered Private Placement a Minimum of $1.0 Million

Executive Summary

• Altura Energy Corp. announced the initiation of a non‑brokered private placement of at least 10,000,000 units at $0.10 per unit, targeting gross proceeds of a minimum of $1,000,000.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.25 exercisable for up to 60 months; acceleration provisions apply if the share price stays ≥ $0.75 for 20 consecutive trading days.
• Net proceeds will be used for site maintenance, well recompletions, working capital and general corporate purposes; closing is expected around January 30 2026.

Key Details

• Units Offered: Minimum of 10,000,000 units at $0.10 per unit.
• Gross Proceeds Target: At least $1,000,000.
• Unit Composition:
• 1 Common Share.
• 1 Warrant to purchase 1 additional Common Share at an exercise price of $0.25.
• Warrant Terms: Exercisable any time up to 60 months after the Closing Date; may be accelerated to expire 30 days after a news release if the “Acceleration Event” (share price ≥ $0.75 for 20 consecutive trading days) occurs.
• Closing Date: Expected on or around January 30, 2026, subject to required approvals (including TSX Venture Exchange).
• Hold Period: Securities (including any Finders’ Warrants) will be subject to a hold period of four months and one day from the Closing Date.
• Use of Proceeds: Site maintenance, additional well recompletions, working capital, and general corporate purposes.
• Finders’ Fees/Warrants: May be paid; any Finders’ Warrants will have the same terms as the Units’ warrants, including acceleration provisions.
• Related‑Party Transaction: Insiders are expected to subscribe for units; the transaction is exempt from formal valuation and minority shareholder approval under MI 61‑101 because it does not exceed 25 % of market capitalization.
• Regulatory Notes: Offering relies on exemptions from prospectus requirements in Canada and other jurisdictions; securities are not registered in the United States and cannot be offered there without registration or an exemption.

Notable Quotes

(No direct quotes were provided in the release.)