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Altura Energy Announces Closing of Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Altura Energy Corp. (TSXV: ALTU)...
About this update from Altura Energy Corp
[{"type":"text","content":"Altura Energy Announces Closing of Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Altura Energy Corp. (TSXV: ALTU) (FSE: Y020) (the \"Company\") is pleased to announce that the Company has closed its previously announced (see news releases dated April 15, 2025, May 14, 2025 and May 26, 2025) brokered private placement offering of 19,855,000 units of the Company (the \"Units\") at a price of $0.10 per Unit (the \"Issue Price\") for gross proceeds to the Company of $1,985,500 (the \"Offering\").The OfferingEach Unit consisted of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder thereof to purchase one additional Common Share (a \"Warrant Share\") at an exercise price of $0.25 at any time on or before June 11, 2030. In the event that the closing price of the Common Shares on the TSX Venture Exchange (or such other stock exchange the Common Shares may be listed on from time to time) is equal to or greater than $0.75 for a period of twenty consecutive trading days (the \"Acceleration Event\"), the Company may, within five trading days following the Acceleration Event, upon issuing a news release, accelerate the expiry date of the Warrants to the date that is not less than 30 days following the date of such news release (the \"Acceleration\"). The securities issued under the Offering have a hold period of four months and one day from the closing of the Offering, expiring on October 12, 2025, in accordance with applicable securities laws.The Offering was conducted by Haywood Securities Inc. (the \"Agent\") as sole agent and bookrunner. In connection with the Offering, the Agent received a cash commission of $138,985 and 1,389,850 compensation options (the \"Compensation Options\"), and a corporate finance fee of $100,000, paid 25% in cash and 75% in the form of units of the Company, having the same terms and conditions as the Units (the \"CF Fee Units\"). Each Compensation Option entitles the holder thereof to purchase one unit of the Company, having the same terms and conditions as the Units (the \"Compensation Units\") at a price of $0.10 per Compensation Unit at any time on or before June 11, 2030, subject to Acceleration. The Compensation Options, and the securities underlying the Compensat...