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Cancambria Energy Corp ( (TSE:CCEC) ) just unveiled an update.
CanCambria Energy Corp. has increased its non-brokered private placement unit offering to raise up to $3 million, responding to strong investor demand. The upsized financing, priced at $0.40 per unit and including three-year warrants exercisable at $0.50, will fund long-lead procurement for its 2026 drilling program, technical evaluation of the Kiskunhalas Concession Area in Hungary, and support the joint venture process for its BA-IX tight-gas field, while also covering general corporate needs, subject to customary regulatory approvals.
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 access to profitable markets and is working to commercialize its 100% owned Kiskunhalas Project, a significant gas-condensate resource in southern Hungary, using advanced industry technologies.
Average Trading Volume: 26,755
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$47.04M
See more insights into CCEC stock on TipRanks’ Stock Analysis page.