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CanCambria Energy Corp. Closes Second Tranche of Upsized Unit Financing for $550,368.
ByAinvest
Thursday, Aug 7, 2025 9:10 am ET1min read
CanCambria Energy Corp. has closed the second and final tranche of its upsized unit financing, issuing 1,058,400 units at $0.52 per unit for gross proceeds of CA$550,368. The company paid a cash finder's fee of $21,322 and issued 41,004 non-transferable finder's warrants. In total, CanCambria issued 6,862,200 units for CA$3,568,344, providing additional working capital to appraise the Kiskunhalas Hydrocarbon Concession Area in Hungary.
CanCambria Energy Corp. (TSXV: CCEC) has successfully closed the second and final tranche of its upsized unit financing, issuing 1,058,400 units at $0.52 per unit for gross proceeds of CA$550,368. The company paid a cash finder's fee of $21,322 and issued 41,004 non-transferable finder's warrants. In total, CanCambria issued 6,862,200 units for CA$3,568,344, providing additional working capital to appraise the Kiskunhalas Hydrocarbon Concession Area in Hungary.Each unit consists of one common share and one share purchase warrant, exercisable at $0.75 per share for a period of three years. The units are subject to a four-month hold period, expiring on December 6, 2025. The company plans to use the net proceeds from the offering to pay the concession fee under the contract agreement for the Kiskunhalas Hydrocarbon Concession Area with the Hungarian Ministry of Energy, as well as for general working capital and administration purposes.
The second tranche of the offering was announced on July 15, 2025, following the initial announcement on July 8, 2025. The units were offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 - Prospectus Exemptions.
Dr. Paul Clarke, CEO of CanCambria, noted, "We are very pleased by the strong investor support for this financing, which reflects confidence in our strategy and the overall potential of the Kiskunhalas Project. The upsized offering provides us with additional working capital to appraise the Kiskunhalas Hydrocarbon Concession Area in Hungary, and progress towards our operational and development milestones."
[1] https://www.newsfilecorp.com/release/261608
[2] https://www.stocktitan.net/news/CCEYF/can-cambria-energy-corp-announces-closing-of-second-and-final-hfanv8mlzdsm.html
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