On June 11, 2025, Altura Energy Corp. closed a brokered private placement offering of 19,855,000 units of the company at a price of $0.10 per unit for gross proceeds of approximately $2 million.
Concurrently, the company settled outstanding indebtedness of $526,683 owed to a third-party lender and payables of $231,000 owed to a service provider. As part of these settlements, Altura Energy issued 6,766,830 common shares at a deemed price of $0.10 per share.
Cassels acted for Altura Energy.