MCF Energy increases financing to $1.2-million

Executive Summary

• MCF Energy Ltd. has increased the size of its previously announced non-brokered financing from $500,000 to $1.2 million.
• The offering consists of 24 million units priced at $0.05 per unit, with net proceeds designated for working capital and general corporate purposes.
• Completion of the offering is subject to TSX Venture Exchange approval, and all securities are subject to a statutory hold period.

Key Details

• Financing Amount: Increased to $1.2 million (up from $500,000).
• Structure: Non-brokered offering of 24 million units.
• Price: $0.05 per unit.
• Unit Composition: Each unit consists of one common share and one full common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.06.
• Warrant Duration: 24 months from the date of issuance.
• Use of Proceeds: Working capital and general corporate purposes.
• Regulatory Status: Subject to approval by the TSX Venture Exchange.
• Hold Period: Four months and one day statutory hold period applies to all securities issued.
• Reference: Further details were included in the company's press release dated Aug. 22, 2025.