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Altura Energy Provides Update on Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSE...
About this update from Altura Energy Corp
[{"type":"text","content":"Altura Energy Provides Update on Brokered Private Placement\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES\n \n\n\n VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) --\n \n Altura Energy Corp.\n \n (the “\n \n Company\n \n ”)\n \n (TSXV: ALTU), (FRA: Y02.F)\n \n is pleased to announce that, further to its news release dated April 15, 2025, it has engaged Haywood Securities Inc. (the “\n \n Agent\n \n ”) to act as the sole agent and bookrunner in connection with a private placement offering of up to 15,000,000 units of the Company (each, a “\n \n Unit\n \n ”) at a price of $0.10 per Unit for gross proceeds to the Company of up to $1,500,000 (the “\n \n Offering\n \n ”).\n \n\n Each Unit will consist of one common share of the Company (a “\n \n Common Share\n \n ”) and one Common Share purchase warrant (a “\n \n Warrant\n \n ”). Each Warrant will entitle the holder thereof to purchase one Common Share (a “\n \n Warrant Share\n \n ”) 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 “\n \n Acceleration Event\n \n ”), 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.\n \n\n The Company has granted the Agent an option to sell up to an additional 2,250,000 Units at the Issue Price for additional gross proceeds to the Company of up to $225,000, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date.\n \n\n 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, excluding the United States, mutually agre...