CanCambria Energy closes C$3.3 million private placement financing

CanCambria Energy Corp. (TSXV: CCEC) completed a second upsize of its non-brokered private placement, raising gross proceeds of C$3,275,350 through the sale of 8,188,375 units at C$0.40 per unit.

Each unit consists of one common share and one share purchase warrant. The warrants allow holders to acquire additional common shares at C$0.50 per share for three years following the closing. All securities are subject to a hold period until May 30, 2026.

The company will use net proceeds to fund long-lead items for its 2026 drilling program, ongoing technical resource evaluation of the Kiskunhalas Concession Area, support for the Joint Venture process for the BA-IX tight-gas field, and general corporate purposes.

Management and key associates purchased approximately 5% of the units offered. Company insiders acquired 250,000 units total, constituting a related party transaction under securities regulations.

CanCambria paid a cash finder's fee of C$156,924 and issued 392,310 non-transferable finder's warrants exercisable at C$0.50 per share until January 29, 2029.

The financing follows previous announcements on January 5 and January 15, 2026, representing the second upsize of the offering.

Separately, the company confirmed a consulting agreement with Larry Busnardo as Vice President of Investor Relations, paying US$15,500 monthly for a three-year term with 30-day termination notice provisions.

CanCambria focuses on tight gas development and owns the Kiskunhalas Project in southern Hungary. The company trades on the TSX Venture Exchange, Frankfurt Stock Exchange, and OTC Markets.

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