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CanCambria Energy Announces Second Upsize and Closing of Non-Brokered Private Placement for Gross Proceeds of $3,275,350
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - CanCambria Energy Corp. (TSXV:...
About this update from Cancambria Energy Corp
[{"type":"text","content":"CanCambria Energy Announces Second Upsize and Closing of Non-Brokered Private Placement for Gross Proceeds of $3,275,350Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (\"CanCambria\" or the \"Company\") is pleased to announce today that, further to its news releases dated January 5, 2026, and January 15, 2026, it has closed a second upsize of its non-brokered private placement (the \"Offering\") for gross proceeds of CAD $3,275,350, through the sale of 8,188,375 units (each, a \"Unit\") at a price of $0.40 per Unit. Each Unit is 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, expiring May 30, 2026.The net proceeds from the Offering will be used to fund the procurement of long-lead items pursuant to the start of the 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. Dr. Paul Clarke, CEO of CanCambria, stated: \"We are very pleased to announce the successful close of our twice-upsized private placement and are grateful for the continued support of our existing shareholders, as well as the strong interest from new investors joining CanCambria. In addition, the offering included participation by management and key company associates who collectively purchased shares representing approximately 5% of the Units offered. This financing positions the Company well as we continue preparations to initiate the Kiskunhalas Project drilling program. The proceeds will be used to secure long-lead time items critical to advancing our development plans. We appreciate the confidence our shareholders have placed in our strategy, and we look forward to delivering meaningful progress this year.\"The Company paid a cash finder's fee of $156,924 and issued 392,310 non-transferable finder's war...