Altura Energy increases private placement to $2.92M

Executive Summary

• Altura Energy Corp. has announced the second upsize of its non-brokered private placement, increasing the total offering size to approximately $2.925 million to accommodate strong investor demand.
• The company will issue approximately 29.25 million units at $0.10 per unit, with net proceeds designated for site maintenance, additional well recompletions, working capital, and general corporate purposes.
• Each unit includes a common share and a warrant exercisable at $0.25 for up to 60 months, featuring an acceleration clause if the share price reaches $0.75 for 20 consecutive trading days.

Key Details

• Gross Proceeds: Approximately $2,925,000
• Units Issued: Approximately 29.25 million units
• Price Per Unit: $0.10
• Warrant Terms: 1 common share purchase warrant per unit; exercise price of $0.25; exercisable for up to 60 months following closing
• Warrant Acceleration: If the closing price of common shares on the TSX Venture Exchange equals or exceeds $0.75 for 20 consecutive trading days, the company may accelerate the warrant expiry to 30 days following the date of the acceleration news release
• Use of Proceeds: Site maintenance, additional well recompletions, working capital, and general corporate purposes
• Expected Closing Date: On or around January 30, 2026
• Regulatory Conditions: Subject to customary conditions, including TSX Venture Exchange approval
• Hold Period: 4 months and 1 day from the closing date for all securities issued
• Insider Participation: Anticipated insider subscriptions treated as a related-party transaction under Multilateral Instrument 61-101; company intends to rely on exemptions from formal valuation and minority shareholder approval requirements as the insider portion is not expected to exceed 25% of market capitalization
• Finders' Compensation: Finders' fees and finders' warrants may be issued per TSXV policies, with finders' warrants carrying identical terms to the investor warrants, including acceleration provisions
• Jurisdictional Offering: Conducted via private placement under applicable prospectus exemptions in Canadian provinces and select international jurisdictions (including the U.S.), with no prospectus filing or registration required in those other jurisdictions