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Financings

Cancambria corrects private placement amounts

By The Northwire Desk — AI Analysis Mar 03, 2026 · 03:40 CCEC · 0.47 Cancambria Energy Corp
CCEC · Price

Executive Summary

  • Cancambria Energy Corp. corrected its financing announcement, increasing the units issued to 8,203,375 and gross proceeds to $3,281,350.
  • The unit structure (1 common share + 1 warrant) and warrant terms remain unchanged.
  • All securities are subject to a four‑month‑plus hold period expiring May 30 2026.

Key Details

  • Original press release stated issuance of 8,188,375 units at $0.40 per unit for $3,275,350 gross proceeds.
  • Corrected figures: 8,203,375 units issued, generating $3,281,350 in gross proceeds.
  • Each unit consists of:
  • 1 common share
  • 1 share purchase warrant
  • Warrant terms: right to purchase one additional common share at an exercise price of $0.50 per share, exercisable for three years after closing.
  • Hold period: securities subject to a lock‑up of four months and one day, ending May 30, 2026.

Notable Quotes

(No quotes provided in the release.)

Read the original news release →

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