Cancambria increases private placement to $3-million

Executive Summary

• Cancambria Energy Corp. has upsized its non-brokered private placement unit offering from $2 million to $3 million due to significant investor demand.
• The company is offering up to 7.5 million units at a price of $0.40 per unit, with each unit consisting of one common share and one common share purchase warrant.
• Net proceeds will be used to finance long-lead items for the 2026 drilling program, technical resource evaluation of the Kiskunhalas concession, and support of the joint venture process for the BA-IX tight gas field.

Key Details

• Offering Size: Upsized to $3,000,000 (increased by $1,000,000 from previous announcement).
• Units Offered: Up to 7.5 million units.
• Price: $0.40 per unit.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.50 per warrant share.
• Warrant Expiry: Three years after the date of issuance.
• Use of Proceeds:
  • Procurement of long-lead items for the start of the 2026 drilling program.
  • Continuing 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 Conditions: The offering may close in one or more tranches as subscriptions are received, subject to regulatory and exchange approvals.
• Reference: All other terms remain unchanged from the news release dated Jan. 5, 2026.