CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) intends to raise up to CAD$2,000,000 through a non-brokered private placement. The proposed financing would involve up to 5,000,000 Units priced at $0.40 per Unit and remains subject to regulatory and other conditions.
#Terms of the proposed financing
Each Unit would include one common Share and one Warrant. A Warrant would give its holder the right to purchase one additional common Share at an exercise price of $0.50 per Warrant Share for three (3) years after the Offering closes.
The Units, Shares, Warrants and any Shares issued through the exercise of the Warrants would be subject to a hold period of four months and one day from their date of issuance. The Units would be offered under available prospectus exemptions, including National Instrument 45-106 - Prospectus Exemptions.
#Finder’s fee provisions
CanCambria may pay registered persons a cash finder’s fee equal to 6% of the Offering’s gross proceeds. It may also issue non-transferable Finder’s Warrants equal to 6% of the number of Units.
Each Finder’s Warrant would allow its holder to acquire one common Share at $0.50 per Finder’s Warrant Share for three (3) years from the date of issuance. Apart from the restriction on transfer, the Finder’s Warrants would carry the same terms as the Warrants.
#Insider participation and regulatory conditions
The company said certain Insiders may take part in the Offering. Such participation would be treated as a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions.
CanCambria intends to rely on exemptions from the formal valuation and minority shareholder approval requirements under subsections 5.5(a) and 5.7(a) of MI 61-101. The stated basis for that reliance is that Insider participation will not exceed 25% of the fair market value of the company’s market capitalization.
The Offering may close in one or more tranches as subscriptions are received. Closing is expected on or about January 15, 2026, but will depend on the satisfaction of conditions including all necessary regulatory and other approvals, including approval by the TSX Venture Exchange. The source material does not state that the Offering has closed.
#Planned use of proceeds
CanCambria intends to direct the net proceeds toward procurement of long-lead items for the H2 2026 drilling program, ongoing technical resource evaluation of the Kiskunhalas Concession Area, support for the Joint Venture process concerning the BA-IX tight-gas field, and general corporate purposes.
#United States securities restrictions
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or under state securities laws. They may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, except under an exemption from the applicable registration requirements.
#Company background
CanCambria Energy is a Canadian-based exploration and production company focused on tight gas development. Its stated focus includes the 100% owned Kiskunhalas Project in southern Hungary, described by the company as a gas-condensate resource.
#Key Takeaways
- CanCambria Energy intends to offer up to 5,000,000 Units at $0.40 per Unit for gross proceeds of up to CAD$2,000,000.
- Each Unit would contain one common Share and one Warrant, with the Warrant exercisable at $0.50 per Warrant Share for three (3) years.
- The securities would be subject to a hold period of four months and one day from the date of issuance.
- Closing is expected on or about January 15, 2026, subject to necessary regulatory and other approvals, including approval by the Exchange.
- Net proceeds are intended for drilling-program procurement, technical evaluation, the BA-IX Joint Venture process and general corporate purposes.
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