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Altura Energy Announces Second Upsize of Non-Brokered Private Placement to Approximately $2.925 Million
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Altura Energy Corp. (TSX...
About this update from Altura Energy Corp
[{"type":"text","content":"Altura Energy Announces Second Upsize of Non-Brokered Private Placement to Approximately $2.925 MillionVancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Altura Energy Corp. (TSXV: ALTU) (FSE: Y020) (\"Altura\" or the \"Company\") is pleased to announce that due to strong market demand, it has elected to increase, for the second time, the size of its previously announced non-brokered private placement to accommodate additional investor interest. Altura will now issue approximately 29,250,000 units (each a \"Unit\") of the Company at a price of $0.10 per Unit for gross proceeds to the Company of approximately $2,925,000 (the \"Offering\").Each Unit will consist of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share (a \"Warrant Share\") at an exercise price of $0.25 at any time up to sixty months following the Closing Date (as defined herein). 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 30 days following the date of such news release.The Units to be issued under the Offering will be offered by way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces of Canada, and in jurisdictions outside of Canada, including the United States, as determined by the Company, provided that no prospectus filing, registration or comparable obligation arises in such other jurisdiction. The net proceeds from the Offering will be utilized by the Company for site maintenance and additional well recompletions as well as for working capital and general corporate purposes.Finder's fees (the \"Finders Fees\") may be paid and finder's warrants (the \"Finders' Warrants\") may be issued in accordance with the policies of the TSX Venture Exchange. The Finders' Warrants may be granted for subscribers introduced by certain finders, and if issued such...