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Cancambria Energy Corp ( (TSE:CCEC) ) has shared an announcement.
CanCambria Energy Corp. has completed a second upsizing and closing of its non-brokered private placement, raising gross proceeds of C$3.28 million through the sale of 8.19 million units priced at C$0.40, each consisting of one common share and a three-year warrant exercisable at C$0.50. The financing, which included insider and management participation and the issuance of finder’s fees and warrants, strengthens the company’s balance sheet ahead of its 2026 drilling program at the Kiskunhalas Project in Hungary, supports ongoing technical work and a joint venture process for the BA-IX tight-gas field, and provides general corporate funding, signaling solid investor confidence in its development strategy.
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 projects with direct access to profitable markets and is focused on commercializing its 100%-owned Kiskunhalas Project in southern Hungary as its flagship asset.
Average Trading Volume: 32,607
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$49.91M
See more insights into CCEC stock on TipRanks’ Stock Analysis page.