CanCambria Energy plans private placement to raise up to $2 million

CanCambria Energy Corp. (TSXV: CCEC) announced a non-brokered private placement offering to issue up to 5 million units at $0.40 per unit for gross proceeds of up to CAD$2 million.

Each unit consists of one common share and one share purchase warrant. The warrants allow holders to acquire additional common shares at $0.50 per share for three years following the offering's completion. All securities will be subject to a four-month and one-day hold period from issuance.

The company may pay registered persons a finder's fee of 6% of gross proceeds in cash, plus finder's warrants equal to 6% of the units sold. These finder's warrants carry the same terms as regular warrants but are non-transferable.

Company insiders may participate in the offering, constituting a related party transaction under securities regulations. CanCambria plans to rely on exemptions from formal valuation and minority shareholder approval requirements, as insider participation will not exceed 25% of the company's market capitalization fair value.

The offering may close in multiple tranches and is expected to complete around January 15, 2026, subject to regulatory approvals including TSX Venture Exchange approval.

CanCambria intends to use net proceeds for procuring long-lead items for its H2 2026 drilling program, ongoing technical resource evaluation of the Kiskunhalas Concession Area, supporting the Joint Venture process for the BA-IX tight-gas field, and general corporate purposes.

The Vancouver-based company specializes in tight gas development and owns the Kiskunhalas Project in southern Hungary. The securities will not be registered under U.S. securities laws and may not be offered or sold in the United States except under applicable exemptions.

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