Altura Energy Announces Major Shareholder Increases Position Following Purchase in Open Market

Rhea-AI Summary

Altura Energy (OTCQB: ALTUF) announced that major shareholder Ms. Burke purchased 50,000 common shares on the TSX Venture Exchange at an average price of $0.30 per share. After the transactions she controls 5,746,830 common shares and 200,000 warrants (7.87% undiluted; 8.12% partially diluted).

Prior to this purchase she held 5,696,830 shares and 200,000 warrants. Because of a prior private placement, Ms. Burke is no longer a 10% shareholder and is not required to file additional early warning reports unless her position changes.

AI-generated analysis. Not financial advice.

Positive

• Insider bought 50,000 shares at an average price of $0.30
• Post-purchase stake: 5,746,830 shares and 200,000 warrants (7.87% undiluted)
• Partially diluted stake would be 8.12% if warrants exercised
• No longer a 10% holder, reducing ongoing early warning filing obligations

Negative

• None.

News Market Reaction – ALTUF

-2.60%

1 alert

-2.60% News Effect

On the day this news was published, ALTUF declined 2.60%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Insider Purchases Shares and is no Longer a 10% Holder

Vancouver, British Columbia--(Newsfile Corp. - May 8, 2026) - Altura Energy Corp. (TSXV: ALTU) (OTCQB: ALTUF) (FSE: Y020) ("Altura" or the "Company") announces that Ms. Burke, a major shareholder has increased her ownership stake in Altura. The company has been advised that Ms. Burke of Vancouver, British Columbia acquired ownership, control and direction over 50,000 common shares in the capital of the Company (the "Common Shares") at an average purchase price of $0.30 per Common Share, in a series of transactions through the facilities of the TSX Venture Exchange. When combined with her existing securities of the Company consisting of 5,696,830 Common Shares and 200,000 Common Share purchase warrants, Ms. Burke now has control and direction over 5,746,830 Common Shares and 200,000 Common Share purchase warrants, representing 7.87% of the issued and outstanding Common Shares, on an undiluted basis. Assuming exercise of just the Common Share purchase warrants controlled by Ms. Burke, she would have control and direction over 5,946,830 Common Shares, representing 8.12% of the then issued and outstanding Common Shares, on a partially diluted basis.

Prior to the acquisition of the 50,000 Common Shares, and as reported on the last early warning report filed on June 13, 2025, Ms. Burke had ownership and control and direction over an aggregate of 5,696,830 Common Shares of the Company and 200,000 Common Share purchase warrants, representing 7.80% of the outstanding Common Shares of the Company on an undiluted basis and 8.05% on a partially diluted basis, prior to the acquisition of the Common Shares subject of this news release. As a result, of the previously announced private placement (see February 5, 2026 news release), Ms. Burke is no longer a 10% shareholder of the Company and will not be required to complete any further early warning filings unless she otherwise requalifies for such filings.

The Company is advised that Ms. Burke acquired these securities for investment purposes and has no present intention to acquire further securities of the Company, although Ms. Burke may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.

This disclosure is provided pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with the applicable securities commissions or similar regulatory authorities in Canada, which report will contain additional information with respect to the acquisition of the 50,000 Common Shares (the "Early Warning Report"). A copy of the Early Warning Report for Ms. Burke will be filed under the profile for the Company on SEDAR+ (www.sedarplus.ca).

ABOUT ALTURA ENERGY CORP.

Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona. For more information, please visit SEDAR+ (www.sedarplus.ca).

On Behalf of the Board
Ashley Lastinger, CEO

Investor Relations
KIN Communications Inc
604-684-6730
altu@kincommunications.com

Forward-Looking Statements

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the filing of the Early Warning Report, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296800

FAQ

How many Altura Energy (ALTUF) shares did Ms. Burke buy on May 8, 2026?

She purchased 50,000 common shares at an average price of $0.30. According to the company, the acquisition occurred in a series of transactions on the TSX Venture Exchange and was made for investment purposes.

What percentage of Altura Energy (ALTUF) does Ms. Burke now control after the purchase?

Ms. Burke now controls 7.87% of outstanding shares on an undiluted basis. According to the company, her stake would be 8.12% on a partially diluted basis assuming her 200,000 warrants are exercised.

Why is Ms. Burke no longer considered a 10% shareholder of Altura Energy (ALTUF)?

Because recent capital changes reduced her ownership below 10%, she no longer meets the 10% threshold. According to the company, a prior private placement and the 50,000-share purchase resulted in her stake falling to 7.87% undiluted.

Will Ms. Burke need to file further early warning reports with respect to ALTUF?

She is not required to file further early warning reports unless her holdings requalify for filing. According to the company, the current position does not meet the 10% threshold that would trigger additional early warning obligations.

Does Altura say why Ms. Burke bought the additional ALTUF shares or will buy more?

The company reports Ms. Burke acquired the shares for investment purposes and currently has no present intention to acquire further securities. According to the company, she may buy or sell in the future as market conditions warrant.