CanCambria Energy Announces Private Placement Offering of Units to Raise up to $2 Million

Executive Summary

• CanCambria Energy Corp. announced a non‑brokered private placement of up to 5,000,000 units at $0.40 per unit, targeting gross proceeds of CAD $2 million.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.50, with a four‑month hold period; finders may receive cash fees and additional warrants equal to 6% of the offering size.
• Net proceeds are earmarked for H2 2026 drilling program long‑lead items, technical evaluation of the Kiskunhalas concession, support of the BA‑IX tight‑gas joint‑venture process, and general corporate purposes.

Key Details

• Offering Size: Up to 5,000,000 units (each unit = 1 common share + 1 warrant).
• Price per Unit: $0.40 CAD.
• Gross Proceeds Target: CAD $2,000,000.
• Warrant Terms: Exercise price $0.50 per share; exercisable for three years after closing.
• Hold Period: Four months and one day from issuance for units, shares, warrants, and any exercised warrant shares.
• Finder’s Compensation: 6% cash fee of gross proceeds plus non‑transferable finder’s warrants equal to 6% of the number of units; finder’s warrants have same terms as offering warrants.
• Regulatory Basis: Offered under NI 45‑106 prospectus exemptions and MI 61‑101 related‑party transaction exemptions (insider participation not to exceed 25% of market cap).
• Closing Timeline: Expected on or about January 15, 2026; may occur in one or more tranches subject to regulatory approvals.
• Use of Proceeds:
• Procurement of long‑lead items for H2 2026 drilling program.
• Ongoing technical resource evaluation of the Kiskunhalas Concession Area (Hungary).
• Support of joint‑venture process for the BA‑IX tight‑gas field.
• General corporate purposes.

Notable Quotes

• “The net proceeds from this offering will enable us to advance our H2 2026 drilling program and further de‑risk our flagship Kiskunhalas project,” – Paul Clarke, PhD, CEO & President.