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Cancambria Energy Corp ( (TSE:CCEC) ) has shared an update.
CanCambria Energy Corp. plans to raise up to CAD$2 million through a non-brokered private placement of up to 5 million units priced at $0.40, each unit comprising one common share and one three-year warrant exercisable at $0.50. The financing, which may include participation by company insiders and is subject to regulatory and TSX Venture Exchange approval, is intended to fund procurement of long-lead items for its second-half 2026 drilling program, ongoing technical evaluation of the Kiskunhalas Concession Area in Hungary, support for the joint venture process on the BA-IX tight-gas field, and general corporate purposes, reinforcing the company’s efforts to advance its European tight-gas portfolio.
More about Cancambria Energy Corp
CanCambria Energy Corp. is a Canadian-based exploration and production company specializing in tight gas development. The company targets high-quality, de-risked gas projects with direct access to profitable European markets and is focused on commercializing its 100%-owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource.
Average Trading Volume: 31,836
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$45.89M
Learn more about CCEC stock on TipRanks’ Stock Analysis page.