Altura Energy arranges private placement

Executive Summary

• Altura Energy Corp. announced a non-brokered private placement of up to 10 million units at $0.10 per unit, targeting minimum gross proceeds of $1.0 million.
• Each unit includes one common share and one common share purchase warrant exercisable at $0.25 for up to 60 months, with an acceleration clause triggered if the share price reaches $0.75 for 20 consecutive trading days.
• Net proceeds will be allocated to site maintenance, well recompletions, and working capital, with an expected closing around January 30, 2026, pending TSX Venture Exchange approval.

Key Details

• Structure & Quantity: Non-brokered private placement of 10 million units.
• Price: $0.10 per unit.
• Gross Proceeds: Minimum $1.0 million.
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant Exercise Price: $0.25 per share.
• Warrant Term: Up to 60 months following the closing date.
• 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 a news release announcing the acceleration.
• Use of Proceeds: Site maintenance, additional well recompletions, working capital, and general corporate purposes.
• Expected Closing: 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 per applicable securities laws.
• Insider Participation: Insiders expected to subscribe; classified as a related party transaction under Multilateral Instrument 61-101. The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements, as the insider portion is not anticipated to exceed 25% of the company's market capitalization.
• Finders' Compensation: Finders' fees and finders' warrants may be issued per TSXV policies. Finders' warrants will carry identical terms to the unit warrants, including acceleration provisions.