Altitude Acquisition (ALTU)
Search documents
Altura Energy Closes the Oversubscribed Non-Brokered Private Placement Raising $2.97 Million
TMX Newsfile· 2026-02-05 21:18
Core Viewpoint - Altura Energy Corp. has successfully closed an oversubscribed non-brokered private placement offering, raising gross proceeds of approximately $2.97 million through the issuance of 29,705,977 units at a price of $0.10 per unit [1]. Offering Details - Each unit consists 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 until February 5, 2031 [2]. - The company may accelerate the expiry date of the warrants if the closing price of the common shares reaches or exceeds $0.75 for twenty consecutive trading days [2]. Use of Proceeds - The net proceeds from the offering will be allocated for site maintenance, additional well recompletions, working capital, and general corporate purposes [4]. Finder's Fees - The company paid finder’s fees totaling $174,702 and issued 1,627,020 finder's warrants, which have the same terms as the warrants in the units [5]. Related Party Transaction - Mr. Ian Telfer, a director of the company, subscribed for 1,000,000 units for gross proceeds of $100,000, constituting a related party transaction [7]. Advisory Agreement - The company entered into a new strategic advisory services agreement with Haywood Securities Inc., agreeing to issue 2,900,000 units at a deemed price of $0.10 per unit for services rendered [8]. - The agreement includes a monthly consulting fee of $15,000, payable in common shares, subject to TSX Venture Exchange approval [9]. Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [10].
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
Core Insights - Altura Energy Corp. has appointed Ashley Lastinger as a member of the Board of Directors, who is also the CEO of the company [1][3] - Gordon Keep has resigned from the Board of Directors but will continue to serve as an Advisor [4] Group 1: Leadership Changes - Ashley Lastinger brings over 15 years of experience in Petroleum Engineering, having worked in various roles including engineering manager and engineer for multiple energy exploration and production companies [2] - Gordon Keep's resignation from the Board is effective immediately, and he will provide advisory services through Jasper Management & Advisory Services [4] Group 2: Company Background - Altura Energy Corp. is focused on exploration and production, with interests in the Holbrook basin of Arizona [5]
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]