CanCambria Energy intends to issue up to 5,000,000 units at a price of $0.40 per Unit for gross proceeds of up to CAD$2,000,000 by way of a non-brokered private placement financing. Each Unit will be comprised of one common share and one share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.50 per Warrant Share for a period of three years following the closing of the Offering. The Units, Shares, Warrants, and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day from the date of issuance.

The Company intends to use the net proceeds from the Offering to fund the procurement of long-lead items pursuant to the H2 2026 drilling program, ongoing technical resource evaluation of the Kiskunhalas Concession Area, support of the Joint Venture process for the BA-IX tight-gas field, and for general corporate purposes.

KeyFacts Energy: CanCambria Energy Hungary country profile