Cancambria Energy arranges $2-million private placement

Executive Summary

• Cancambria Energy Corp. announced a non-brokered private placement offering of up to 5 million units to raise gross proceeds of up to $2 million.
• Each unit consists of one common share and one share purchase warrant, with the warrants exercisable at 50 cents per share for a period of three years.
• Net proceeds are intended to fund long-lead items for the H2 2026 drilling program, technical resource evaluation of the Kiskunhalas concession, support for the BA-IX tight-gas field joint venture, and general corporate purposes.

Key Details

• Offering Structure: Non-brokered private placement of up to 5,000,000 units.
• Price: 40 cents per unit.
• Gross Proceeds: Up to $2,000,000.
• Unit Composition: Each unit comprises one common share and one share purchase warrant.
• Warrant Terms:
  • Exercise Price: 50 cents per warrant share.
  • Duration: Three years following the closing of the offering.
  • Ratio: One warrant per unit.
• Hold Period: Four months and one day from the date of issuance for units, shares, warrants, and shares issued upon exercise.
• Finder’s Fees:
  • Cash fee: 6% of gross proceeds.
  • Warrants: Non-transferable finders' warrants equal to 6% of the number of units issued.
  • Finder’s Warrant Terms: Exercisable at 50 cents per share for three years from issuance; otherwise on same terms as investor warrants.
• Insider Participation: Insiders may participate, constituting a related party transaction. The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as insider participation is expected not to exceed 25% of the company's market capitalization.
• Regulatory Basis: Offered pursuant to prospectus exemptions under National Instrument 45-106.
• Closing Timeline: Expected to close on or about January 15, 2026, subject to regulatory and exchange approvals.
• Use of Proceeds:
  • Procurement of long-lead items for the H2 2026 drilling program.
  • Continued technical resource evaluation of the Kiskunhalas concession area.
  • Support for the joint venture process for the BA-IX tight-gas field.
  • General corporate purposes.