CanCambria Energy Announces Second Upsize and Closing of Non-Brokered Private Placement for Gross Proceeds of $3,275,350

Executive Summary

• CanCambria Energy Corp. closed a second upsized non‑brokered private placement, raising CAD 3,275,350 by selling 8,188,375 units at $0.40 per unit.
• Each unit consists of one common share and one warrant (exercise price $0.50, three‑year term); all securities are subject to a four‑month hold period expiring May 30 2026.
• Net proceeds will fund long‑lead procurement for the 2026 drilling program, technical evaluation of the Kiskunhalas Concession, support the joint‑venture process for the BA‑IX tight‑gas field, and general corporate purposes.

Key Details

• Offering Size: CAD 3,275,350 gross proceeds.
• Units Sold: 8,188,375 units at $0.40 per unit.
• Unit Composition: 1 common share + 1 share purchase warrant (exercise price $0.50, exercisable for three years).
• Hold Period: Four months and one day; expires May 30 2026.
• Finder’s Fee: Cash fee of CAD 156,924 paid to the finder.
• Finder’s Warrants: 392,310 non‑transferable warrants issued (exercise price $0.50, expire Jan 29 2029).
• Insider Participation: Insiders purchased 250,000 units (~5% of total units), qualifying as a related‑party transaction under MI 61‑101; exemption relied upon for valuation and minority approval requirements.
• Use of Proceeds:
• Procurement of long‑lead items for the 2026 drilling program.
• Ongoing technical resource evaluation of the Kiskunhalas Concession Area.
• Support of joint‑venture negotiations for the BA‑IX tight‑gas field.
• General corporate purposes.
• Consulting Agreement: Cash consulting fee of US 15,500 per month to Larry Busnardo (VP, Investor Relations) under a three‑year agreement, payable monthly; terminable with 30 days’ notice.

Notable Quotes

“We are very pleased to announce the successful close of our twice‑upsized private placement… This financing positions the Company well as we continue preparations to initiate the Kiskunhalas Project drilling program.” – Dr. Paul Clarke, CEO

Materiality Assessment: Material – Positive (significant capital raise supporting upcoming drilling and development activities).