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Altura Energy Closes the Oversubscribed Non-Brokered Private Placement Raising $2.97 Million
TMX Newsfile· 2026-02-05 21:18
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2026) - Altura Energy Corp. (TSXV: ALTU) (FSE: Y020) ("Altura" or the "Company") is pleased to announce that the Company has closed its previously announced (see news releases dated January 20, 2026, January 23, 2026 and January 26, 2026) oversubscribed non-brokered private placement offering of 29,705,977 units of the Company (the "Units") at a price of $0.10 per Unit for gross proceeds to the Company of $2,970,597.70 (the "Offering")The OfferingE ...
Altura Energy Announces Second Upsize of Non-Brokered Private Placement to Approximately $2.925 Million
TMX Newsfile· 2026-01-26 12:30
Core Viewpoint - Altura Energy Corp. has decided to increase the size of its non-brokered private placement due to strong market demand, now issuing approximately 29,250,000 units at a price of $0.10 per unit, resulting in gross proceeds of approximately $2,925,000 [1][4]. Group 1: Offering Details - Each unit will consist of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.25 for up to sixty months after the closing date [2]. - The offering will be conducted as a private placement under applicable exemptions from prospectus requirements in Canada and other jurisdictions, including the United States [3]. - The net proceeds from the offering will be used for site maintenance, additional well recompletions, working capital, and general corporate purposes [4]. Group 2: Conditions and Approvals - The offering is expected to close on or around January 30, 2026, subject to necessary approvals, including from the TSX Venture Exchange [6]. - The securities issued will have a hold period of four months and one day from the closing date in accordance with applicable securities laws [6]. Group 3: Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction under Multilateral Instrument 61-101 [7]. - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements as the transaction is not expected to exceed 25% of the company's market capitalization [7]. Group 4: Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [9].
Altura Energy Announces Upsize of Non-Brokered Private Placement to Approximately $2 Million
TMX Newsfile· 2026-01-23 12:30
Core Viewpoint - Altura Energy Corp. has decided to increase the size of its non-brokered private placement to meet strong market demand, now issuing approximately 20,000,000 units at a price of $0.10 per unit, resulting in gross proceeds of approximately $2,000,000 [1][4]. Group 1: Offering Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.25 for up to sixty months after the closing date [2]. - If the closing price of the common shares reaches or exceeds $0.75 for twenty consecutive trading days, the company may accelerate the expiry date of the warrants to 30 days after a news release [2]. - The offering will be conducted as a private placement under applicable exemptions from prospectus requirements in Canada and other jurisdictions, including the United States [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for site maintenance, additional well recompletions, working capital, and general corporate purposes [4]. Group 3: Closing and Regulatory Aspects - The offering is expected to close on or around January 30, 2026, subject to necessary approvals, including from the TSX Venture Exchange [6]. - The securities issued will have a hold period of four months and one day from the closing date in accordance with applicable securities laws [6]. Group 4: Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction under Multilateral Instrument 61-101 [7]. - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements as the transaction is not expected to exceed 25% of the company's market capitalization [7].
Altura Energy Announces Non-Brokered Private Placement a Minimum of $1.0 Million
TMX Newsfile· 2026-01-20 12:30
Core Viewpoint - Altura Energy Corp. is initiating a non-brokered private placement offering of a minimum of 10,000,000 units at a price of $0.10 per unit, aiming for gross proceeds of at least $1,000,000 [1][4]. Group 1: Offering Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.25 for up to sixty months [2]. - If the closing price of the common shares reaches or exceeds $0.75 for twenty consecutive trading days, the company may accelerate the expiry date of the warrants to 30 days after a news release [2]. - The offering will be conducted through private placement under applicable exemptions from prospectus requirements in Canada and other jurisdictions, including the United States [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for site maintenance, additional well recompletions, working capital, and general corporate purposes [4]. Group 3: Closing and Regulatory Aspects - The offering is expected to close around January 30, 2026, subject to necessary approvals, including from the TSX Venture Exchange [6]. - The securities issued will have a hold period of four months and one day from the closing date in accordance with applicable securities laws [6]. Group 4: Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction under Multilateral Instrument 61-101 [7]. - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements as the transaction is not expected to exceed 25% of the company's market capitalization [7]. Group 5: Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [9].
Altura Energy Announces Board Changes
TMX Newsfile· 2025-12-17 13:00
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) - Altura Energy Corp. (TSXV: ALTU) (FSE: Y020) ("Altura" or the "Company") announces that the Board has appointed Ashley Lastinger (CEO) as a member of the Board of Directors.Ms. Lastinger has a background in Petroleum Engineering spanning over 15 years, serving as both an engineer and engineering manager for multiple energy exploration and production companies of various sizes. Her technical experience includes reservoir, production, and fa ...
Altura Energy Successfully Recompletes Two Initial Wells and Is Producing and Selling Helium Through Onsite Processing Plant as of November 19, 2025
Newsfile· 2025-11-20 12:30
Core Insights - Altura Energy Corp. has successfully recompleted two initial wells, re-establishing helium flow to its onsite processing plant, with helium being sold at a contracted price of US$350 per thousand cubic feet (mcf) [1][2] Well Performance - Well 1 and Well 2 were completed on November 7th and 13th, respectively, showing initial flow rates of 123 mcf/day and 118 mcf/day, with helium concentrations between 5% and 8% [2][3] - The company is conducting a gas analysis to further evaluate the wells [2] Operational Management - The company is monitoring the wells daily and has contracted a team of engineers to ensure consistent helium production [4] - Maintenance efforts are being evaluated for long-term production sustainability [4] Future Plans - Altura Energy is assessing three additional wells for recompletion after the gas analysis of the initial two wells is completed [5] - The analysis will provide insights into the geology and helium flow characteristics, aiding in efficient capital use for future projects [5] Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [6]
Altura Energy Begins Recompletion Work on the First Two of Eight Wells
Newsfile· 2025-10-27 11:30
Core Viewpoint - Altura Energy Corp. has initiated recompletion work on the first two of eight Helium wells in northeast Arizona, with the aim to evaluate and potentially restore production after previous failures [1][2]. Group 1: Recompletion Work - The recompletion efforts for the first two wells are scheduled to begin on October 27, 2025, with a workover rig already on site [1][3]. - The workovers are expected to take approximately 5 to 10 days per well, including the time required to move the rig between wells [3]. Group 2: Well Performance and Evaluation - Altura acquired a 50% interest in the eight Helium wells, which had previously ceased production shortly after connecting to the plant, and has since consolidated a 100% interest to operate all wells [2]. - The company will assess whether production issues are due to easily correctable problems or if more significant investments are necessary for restoration [2]. Group 3: Company Overview - Altura Energy Corp. is an exploration and production company focused on the Holbrook basin in Arizona [4].
Altura Energy Issues Shares Pursuant to Securities for Services Arrangement
Newsfile· 2025-09-11 12:00
Group 1 - Altura Energy Corp has issued 346,350 common shares at a deemed price of $0.18 per share to Haywood Securities Inc as compensation for consulting and advisory services [1] - The shares issued are subject to a hold period of four months and one day from the date of issuance, in accordance with Canadian securities laws [1] - The advisory agreement between Altura Energy and Haywood was originally dated February 20, 2025, and amended on April 11, 2025 [1] Group 2 - Altura Energy Corp is an exploration and production company with interests in the Holbrook basin of Arizona [2]
Altura Energy Announces Appointment of Ashley Lastinger as Chief Executive Officer
Newsfile· 2025-07-07 12:00
Core Points - Altura Energy Corp. has appointed Ashley Lastinger as Chief Executive Officer, bringing over 15 years of experience in Petroleum Engineering [1] - Robert Johnston transitions from CEO to Executive Chairman of the Board, expressing confidence in Lastinger's capabilities [2] - The company has granted performance warrants and incentive stock options to key executives, including 1,000,000 warrants to both Johnston and Lastinger [2][3] Company Leadership - Ashley Lastinger has a strong background in reservoir, production, and facilities engineering, as well as regulatory compliance and project management [1] - Robert Johnston will continue to play a significant role as Executive Chairman, having previously worked with Lastinger at Apache Corporation and Atalaya Resources [2] Performance Warrants and Stock Options - The company issued 1,000,000 performance warrants to both Johnston and Lastinger, with milestones set at market prices of $0.35, $0.75, $1.00, and $1.50 [2] - The performance warrants allow acquisition of common shares at a price of $0.30 per share until July 7, 2030, subject to TSX Venture Exchange approval [2] - Additionally, 1,000,000 incentive stock options were granted to both executives, with a vesting schedule over 12 months [3] Consulting Agreement - Altura Energy has agreed to pay Haywood Securities Inc. a consulting fee of US$15,000 per month, payable in common shares for a term of 12 months [4] - The consulting fee shares will be issued at the closing price of the common shares on the TSX Venture Exchange prior to issuance [4]
Altura Energy Announces Closing of Debt Settlement
Newsfile· 2025-06-11 23:45
Core Points - Altura Energy Corp. has completed a debt settlement of C$526,683 with Nancy Burke, issuing 5,266,830 common shares at a deemed price of $0.10 per share [1][3] - Following the debt settlement, Ms. Burke now controls 5,696,830 common shares, representing 14.57% of the total issued shares, and potentially 15.00% if her warrants are exercised [2][3] - The debt settlement was in exchange for an unsecured loan of C$475,000, which included accrued interest, advanced to the company to address corporate payables [3] Company Information - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [6]