The latest update is out from Cancambria Energy Corp ( ($TSE:CCEC) ).
CanCambria Energy Corp has announced a non-brokered private placement to issue up to 7,000,000 units at $0.50 per unit, targeting gross proceeds of $3,500,000. The funds will support the advancement of the Kiskunhalas Project in Hungary and general corporate purposes. This offering is pending regulatory approvals, and the issued securities will be subject to a hold period. The move aims to strengthen CanCambria’s position in the European energy market by further developing its flagship project.
More about Cancambria Energy Corp
CanCambria Energy Corp is a Canada-based exploration and production company specializing in tight gas development. It focuses on high-quality, de-risked projects, particularly the Kiskunhalas Project in southern Hungary, which is a significant gas-condensate resource in Europe. The company utilizes advanced technologies to access profitable markets.
YTD Price Performance: -14.29%
Average Trading Volume: 32,859
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