Altura Energy Corp. (TSXV: ALTU) (OTCQB: ALTUF) (FSE: Y020) said it is continuing to work with a strategic investor, described as a conglomerate from a Southeast Asian nation, to close a non-brokered private placement valued at $3 million (CDN).

The offering involves the sale of 18,541,400 units at $0.1618 per unit. The TSX Venture Exchange has granted conditional acceptance of the offering and has extended the deadline for completion to Oct. 30, 2026.

According to a statement from the company, the investor is in the final stages of obtaining required governmental and banking approvals in its local jurisdiction. The company said those approvals are progressing as planned.

Altura Energy is a helium exploration and production company with assets in Arizona's Holbrook Basin.