Altura Energy Announces Second Upsize of Non-Brokered Private Placement to Approximately $2.925 Million

Executive Summary

• Altura Energy Corp. is increasing the size of its previously announced non‑brokered private placement to 29,250,000 units at $0.10 per unit, targeting gross proceeds of approximately $2.925 million.
• Each unit consists of one common share and one warrant exercisable at $0.25 for up to 60 months; finders’ warrants may be issued on the same terms.
• Net proceeds will be used for site maintenance, additional well recompletions, working capital and general corporate purposes, with closing expected around January 30, 2026.

Key Details

• Units Offered: ~29,250,000 units at $0.10 per unit → Gross proceeds: ≈ $2,925,000.
• Unit Composition: 1 common share + 1 common‑share purchase warrant.
• Warrant Terms: Exercise price $0.25; exercisable any time up to 60 months after the closing date.
• Acceleration Clause: If TSX Venture Exchange share price ≥ $0.75 for 20 consecutive trading days, Altura may accelerate warrant expiry to 30 days after a news release.
• Finders’ Fees & Warrants: Finders’ fees payable; finders’ warrants may be issued on the same terms as the unit warrants, subject to acceleration provisions.
• Use of Proceeds: Site maintenance, additional well recompletions, working capital, and general corporate purposes.
• Closing Date: Expected on or about January 30, 2026, subject to required approvals (including TSX Venture Exchange).
• Hold Period: Units and any finders’ warrants will be subject to a four‑month‑plus‑one‑day hold period from the closing date per securities law requirements.
• Related Party Transaction: Insiders are expected to subscribe for units; transaction qualifies for MI 61‑101 exemptions because fair market value does not exceed 25 % of market cap.

Notable Quotes

(No executive quotes were provided in the release.)