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Altura Energy Closes the Oversubscribed Non-Brokered Private Placement Raising $2.97 Million
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2026) - Altura Energy Corp. (TSX...
About this update from Altura Energy Corp
[{"type":"text","content":"Altura Energy Closes the Oversubscribed Non-Brokered Private Placement Raising $2.97 MillionVancouver, British Columbia--(Newsfile Corp. - February 5, 2026) - Altura Energy Corp. (TSXV: ALTU) (FSE: Y020) (\"Altura\" or the \"Company\") is pleased to announce that the Company has closed its previously announced (see news releases dated January 20, 2026, January 23, 2026 and January 26, 2026) oversubscribed non-brokered private placement offering of 29,705,977 units of the Company (the \"Units\") at a price of $0.10 per Unit for gross proceeds to the Company of $2,970,597.70 (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 Common Share (a \"Warrant Share\") at an exercise price of $0.25 at any time on or before February 5, 2031. 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\"), 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 announcing the Acceleration Event.The Units were 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.The Company paid Finder's fees (the \"Finders Fees\") totaling $174,702 and issued 1,627,020 finder's warrants (the \"Finders' Warrants\") in accordance with the policies of the TSX Venture Exchange. The Finders' Fees and Finders' Warrants were granted for subscribers introduced by certain arm's length finders. The Finders' Warrants have the same terms and conditions as the Warran...