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Altima Resources ( (TSE:ARH) ) has issued an update.
Altima Energy Inc. has announced the final acceptance from the TSX Venture Exchange to close a private placement financing for $5,500,000. The financing involves issuing 20,000,000 units, each consisting of one common share and one share purchase warrant, with a portion of the proceeds used to settle an outstanding secured loan of $2,200,000. Additionally, the company provided an update on its Management Cease Trade Order (MCTO) status, indicating a potential delay in filing its audited annual financial statements and related documents. This delay may affect the filing of the company’s interim financial report for the three months ended May 31, 2025, but Altima continues to work diligently to meet the expected deadlines.
More about Altima Resources
Altima Energy is a Vancouver-headquartered oil and gas exploration and production company with a strategic focus on unlocking the potential of hydrocarbon assets across North America. The company is committed to efficient resource development, combining cutting-edge technology and industry expertise to drive operational excellence and deliver sustainable growth. Altima focuses on long-term value creation, enhancing returns for its shareholders while maintaining a disciplined approach to asset management.
Average Trading Volume: 594,519
Technical Sentiment Signal: Buy
Current Market Cap: C$68.64M
Find detailed analytics on ARH stock on TipRanks’ Stock Analysis page.