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Cancambria Energy Corp ( (TSE:CCEC) ) just unveiled an update.
CanCambria Energy Corp. announced the successful closing of the second and final tranche of its upsized, non-brokered private placement, raising a total of CA$3,568,344. The funds will be used to appraise the Kiskunhalas Hydrocarbon Concession Area in Hungary, supporting the company’s operational and development milestones. The strong investor support for this financing reflects confidence in CanCambria’s strategy and the potential of the Kiskunhalas Project, enhancing the company’s market positioning and operational capabilities.
More about Cancambria Energy Corp
CanCambria Energy Corp. is a Canadian-based exploration and production company specializing in tight gas development. The company focuses on high-quality, de-risked projects with direct access to profitable markets, leveraging advanced technologies to commercialize their flagship asset, the Kiskunhalas Project in southern Hungary.
Average Trading Volume: 73,878
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$54.99M
For an in-depth examination of CCEC stock, go to TipRanks’ Overview page.