CanCambria Energy Announces Private Placement Offering of Units to Raise up to $2 Million

Core Viewpoint - CanCambria Energy Corp. plans to issue up to 5,000,000 units at a price of $0.40 per unit, aiming for gross proceeds of up to CAD$2,000,000 through a non-brokered private placement financing [1] Group 1: Offering Details - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the holder to acquire an additional common share at an exercise price of $0.50 for three years [1] - The offering may include a finder's fee of 6% of the gross proceeds in cash and non-transferable finder's warrants, which also allow the acquisition of common shares at $0.50 for three years [2] - The offering will be conducted under available prospectus exemptions as per applicable securities laws [3] Group 2: Insider Participation - Certain insiders of the company may participate in the offering, which will be considered a related party transaction [4] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements, as insider participation will not exceed 25% of the fair market value of the company's market capitalization [4] Group 3: Closing and Use of Proceeds - The offering may close in one or more tranches, with the expected closing date around January 15, 2026, subject to regulatory approvals [5] - Net proceeds from the offering will be used for procuring long-lead items for the H2 2026 drilling program, ongoing technical resource evaluation, supporting the Joint Venture process for the BA-IX tight-gas field, and general corporate purposes [7] Group 4: Company Overview - CanCambria Energy Corp. is a Canadian exploration and production company focused on tight gas development, with a significant asset in the Kiskunhalas Project in southern Hungary [8]