Altura Energy Announces Upsize of Non-Brokered Private Placement to Approximately $2 Million

Executive Summary

• Altura Energy Corp. increased its previously announced non‑brokered private placement to 20 million units at $0.10 per unit, targeting gross proceeds of approximately $2 million.
• Each unit consists of one common share and one warrant exercisable at $0.25 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, additional well recompletions, working capital and general corporate purposes; closing expected around January 30, 2026.

Key Details

• Offering Size: ~20,000,000 units at $0.10 per unit → gross proceeds ≈ $2,000,000.
• Unit Composition: 1 common share + 1 warrant (right to purchase one additional common share at $0.25).
• Warrant Terms: Exercise price $0.25; exercisable any time within 60 months after closing; may be accelerated to 30 days post‑news release if the “Acceleration Event” occurs (share price ≥ $0.75 for 20 consecutive trading days).
• Closing Date: Expected on or about January 30, 2026, subject to required approvals (including TSX Venture Exchange).
• Hold Period: Units and any Finders’ Warrants subject to a four‑month‑plus‑one‑day hold period from closing.
• Use of Proceeds: Site maintenance, additional well recompletions, working capital, and general corporate purposes.
• Finders’ Fees/Warrants: May be paid; Finders’ Warrants will have the same terms as the unit warrants, including acceleration provisions.
• Insider Participation: Company expects insiders to subscribe; transaction qualifies for MI 61‑101 exemptions because fair market value does not exceed 25 % of market cap.
• Regulatory Notes: Offering relies on prospectus exemptions in Canada and applicable jurisdictions; securities are not registered in the U.S. and cannot be offered there without registration or exemption.

Notable Quotes

(No direct quotes were provided in the release.)