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CanCambria Energy Corp Announces Closing of First Tranche and Upsizes Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - CanCambria Energy Corp. (TSXV: CC...
About this update from Cancambria Energy Corp
[{"type":"text","content":"CanCambria Energy Corp Announces Closing of First Tranche and Upsizes Private PlacementVancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (\"CanCambria\" or the \"Company\") is pleased to announce that it has closed the first tranche (\"First Tranche\") of its previously announced non-brokered private placement (the \"Offering\") of units (each, a \"Unit\") at a price of $0.52 per Unit. Pursuant to the Offering, which was announced on July 8, 2025, the Company has issued 5,803,800 Units for aggregate gross proceeds of CAD$3,017,976. The Company also wishes to announce that, due to investor interest, the Offering was increased from CAD$2,500,000 to up to CAD$3,200,000, subject to Exchange approval. Each Unit consists of one common share (each, a \"Share\") and one share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder to acquire one additional common share (each, a \"Warrant Share\") of the Company at an exercise price of $0.75 per Warrant Share for a period of three (3) years after the closing of the Offering. The Units, Shares, Warrants, and any Shares issued upon the exercise of the Warrants are subject to a hold period of four months and one day, expiring November 15, 2025.The Company paid a cash finder's fee of $152,998 and issued 294,228 non-transferable finder's warrants (the \"Finder's Warrants\"). Each Finder's Warrant entitles the holder to acquire one common share (the \"Finder's Warrant Shares\") at a price of $0.75 per Finder's Warrant Share expiring July 14, 2028. Other than being non-transferable, each Finder's Warrant is otherwise be on the same terms as the Warrants. The Units, Shares, Warrants, Warrant Shares, Finder's Warrants, and Finder's Warrant Shares are collectively referred to herein as the \"Securities\".The Units were offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 - Prospectus Exemptions. With respect to the Increase, all other terms remain unchanged from the previous announcement. The closing of the Initial Tranche and any subsequent tranches of the Offering remain subject to receipt of all necessary regulatory approvals, including final approval by the TSX Venture Exchange.None of the Securities sold in ...