Altura Energy increases private placement to $2-million

Executive Summary

• Altura Energy Corp. is upsizeing its previously announced non-brokered private placement to approximately $2 million to accommodate strong market demand.
• The offering will consist of approximately 20 million units priced at $0.10 per unit, with each unit comprising one common share and one common share purchase warrant.
• Net proceeds will be allocated toward site maintenance, additional well recompletions, working capital, and general corporate purposes.

Key Details

• Gross Proceeds: Approximately $2 million
• Units Issued: ~20 million units
• Price Per Unit: $0.10
• Warrant Structure: Each unit includes one common share purchase warrant exercisable at $0.25 per share for up to 60 months following the closing date.
• Warrant Acceleration Clause: If the common share closing price on the TSX-V (or other listing exchange) reaches or exceeds $0.75 for 20 consecutive trading days, the company may accelerate the warrant expiry to 30 days following a subsequent news release.
• Use of Proceeds: Site maintenance, additional well recompletions, working capital, and general corporate purposes.
• Closing Timeline: Expected on or around January 30, 2026, subject to standard conditions including TSX-V approval.
• Hold Period: 4 months and 1 day from the closing date for all issued securities, including finder warrants.
• Insider Participation: Insiders are anticipated to subscribe, constituting a related party transaction under Multilateral Instrument 61-101. The company will rely on exemptions from formal valuation and minority shareholder approval requirements as the insider portion is not expected to exceed 25% of the company's market capitalization.
• Finder Compensation: Finders' fees and finder warrants (carrying identical terms and acceleration provisions as investor warrants) may be issued in accordance with TSX-V policies.