CanCambria Energy Announces Upsize of Non-Brokered Private Placement Unit Offering to $3,000,000

Executive Summary

• CanCambria Energy Corp. increased its previously announced non‑brokered private placement by an additional $1,000,000, now offering up to 7.5 million units at $0.40 per unit for total gross proceeds of up to $3 million.
• Each unit consists of one common share and one warrant; the warrant allows purchase of an additional share at $0.50 for three years.
• Net proceeds are earmarked for long‑lead items for the 2026 drilling program, technical evaluation of the Kiskunhalas Concession, support of the joint‑venture process for the BA‑IX tight‑gas field, and general corporate purposes.

Key Details

• Offering Size: Up to 7,500,000 units
• Unit Price: $0.40 per unit
• Maximum Gross Proceeds: $3,000,000 (including the additional $1,000,000 increase)
• Composition of Each Unit:
• 1 common share (“Share”)
• 1 common share purchase warrant (“Warrant”)
• Warrant Terms: Right to acquire one additional common share at an exercise price of $0.50 per share; exercisable for three (3) years from issuance.
• Use of Proceeds:
• Procurement of long‑lead items for the start of the 2026 drilling program
• Ongoing technical resource evaluation of the Kiskunhalas Concession Area
• Support of the joint‑venture process for the BA‑IX tight‑gas field
• General corporate purposes
• Closing: May occur in one or more tranches as subscriptions are received; subject to regulatory approvals and TSX Venture Exchange approval.
• Previous Terms: All other terms remain unchanged from the company’s Jan 5, 2026 news release.

Notable Quotes

• “The strong investor demand underscores confidence in our strategic focus on de‑risking and developing high‑quality tight‑gas assets,” – Paul Clarke, PhD, CEO & President.