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

Rhea-AI Summary

CanCambria Energy (OTCQB: CCEYF) intends to raise up to CAD$2,000,000 by issuing up to 5,000,000 Units at $0.40 per Unit in a non-brokered private placement. Each Unit includes one common share and one warrant exercisable at $0.50 for three years. Finder's fees may total 6% cash plus non-transferable finder’s warrants. Closing is expected on or about January 15, 2026, subject to exchange and regulatory approvals. Proceeds will fund H2 2026 drilling long‑lead items, resource evaluation at Kiskunhalas, BA-IX JV support, and corporate purposes.

Positive

• Capital raise of CAD$2.0M via private placement
• Proceeds allocated to H2 2026 drilling long‑lead items
• Warrants exercisable at $0.50 for 3 years

Negative

• Issuance of up to 5,000,000 Units may dilute shareholders
• Finder's fee of 6% cash plus warrants increases financing cost
• Insider participation may occur; reliance on MI 61-101 exemptions

News Market Reaction – CCEYF

-13.72%

1 alert

-13.72% News Effect

On the day this news was published, CCEYF declined 13.72%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - January 5, 2026) - CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) ("CanCambria" or the "Company") announces today that it intends to issue up to 5,000,000 units (each, a "Unit") 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 (the "Offering"). Each Unit will be comprised of one common share (each, a "Share") and one share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share (each, a "Warrant Share") of the Company at an exercise price of $0.50 per Warrant Share for a period of three (3) 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 may pay registered persons a finder's fee comprised of 6% of the gross proceeds of the Offering in cash, and such number of non-transferable finder's warrants equal to 6% of the number of Units (the "Finder's Warrants"). Each Finder's Warrant shall entitle the holder to acquire one common share (the "Finder's Warrant Shares") at a price of $0.50 per Finder's Warrant Share for a period of three (3) years from the date of issuance. Other than being non-transferable, each Finder's Warrant shall otherwise be on the same terms as the Warrants. The Units, Shares, Warrants, Warrant Shares, Finder's Warrants, and Finder's Warrant Shares are collectively referred to herein as the "Securities".

The Units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 - Prospectus Exemptions.

It is expected that certain Insiders (as such term is defined under the policies of the TSX Venture Exchange (the "Exchange")) of the Company may participate in the Offering. The participation of Insiders in the Offering will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101, on the basis that participation in the Offering by Insiders will not exceed 25% of the fair market value of the Company's market capitalization.

The Offering may close in one or more tranches as subscriptions are received. Closing of the Offering, which is expected to occur on or about January 15, 2026, will be subject to the satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Exchange.

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act), except pursuant to an exemption from the registration requirements of those laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction other than as specified herein, including the United States or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the 1933 Act).

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.

About CanCambria Energy Corp.

CanCambria Energy Corp. is a Canadian-based exploration and production company specializing in tight gas development. With a globally experienced leadership team, CanCambria focuses on high-quality, de-risked projects with direct access to profitable markets. Leveraging the industry's most advanced technologies the Company aims to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe.

For additional inquiries, please reach out to:

Paul Clarke PhD CEO & President paul.clarke@cancambria.com Larry Busnardo VP, Investor Relations larry.busnardo@cancambria.com

Investor Relations - North America KIN Communications Inc. 604-684-6730 ccec@kincommunications.com Email: info@CanCambria.com Website: www.CanCambria.com

 

CAUTIONARY NOTE ON 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.

Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Offering, Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279419

FAQ

What is CanCambria Energy (CCEYF) raising in the January 2026 private placement?

Up to CAD$2,000,000 by issuing up to 5,000,000 Units at $0.40 per Unit.

What does each Unit include in the CCEYF offering?

Each Unit includes one common share and one warrant to buy a share at $0.50 for three years.

When is the CCEYF offering expected to close and what approvals are needed?

Closing is expected on or about January 15, 2026, subject to Exchange and regulatory approvals.

How will CanCambria Energy use the net proceeds from the offering (CCEYF)?

To fund long‑lead items for the H2 2026 drilling program, evaluate Kiskunhalas resources, support the BA-IX JV, and for general corporate purposes.

Will the offering dilute existing CCEYF shareholders?

Yes; issuance of up to 5,000,000 Units plus warrants and finder’s warrants will increase outstanding securities and may dilute existing holders.

Are U.S. investors allowed to participate in the CCEYF private placement?

No; the securities are not registered under the U.S. Securities Act and may not be offered or sold to U.S. persons.