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CanCambria Energy (OTCQB:CCEYF) has successfully closed the first tranche of its non-brokered private placement, raising CAD$3.02 million through the issuance of 5,803,800 units at $0.52 per unit. Due to strong investor interest, the company has increased the total offering size from CAD$2.5 million to CAD$3.2 million.
Each unit comprises one common share and one warrant exercisable at $0.75 per share for three years. The company paid $152,998 in finder's fees and issued 294,228 non-transferable finder's warrants. Proceeds will fund the Kiskunhalas Hydrocarbon Concession Area contract in Hungary and general working capital.
CanCambria Energy (OTCQB: CCEYF) has announced a non-brokered private placement offering to raise up to CAD$2.5 million through the issuance of up to 4,807,693 units at $0.52 per unit.
Each unit consists of one common share and one warrant, with warrants exercisable at $0.75 per share for three years. The company may pay a 6% finder's fee in cash and 6% in non-transferable finder's warrants. The proceeds will be used for the Kiskunhalas Hydrocarbon Concession Area contract agreement with the Hungarian Ministry of Energy and general working capital purposes.
The offering is expected to close around July 15, 2025, subject to regulatory approvals. Company insiders may participate in the offering, constituting a related party transaction under MI 61-101.
