CanCambria Energy Corp. Announces Engagement of Consult Agreement and Receives DTC Eligibility
- Viviana Ardaya
- Apr 30
- 3 min read
CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Company”) is pleased to announce that, subject to TSX Venture Exchange acceptance, the Company has entered into a consulting agreement with Plutus Invest and Consulting GmbH (“Plutus”), pursuant to which Plutus will provide the Company with marketing and communications services for a 6-month term. The marketing services provided by Plutus will be in consulting with the Company's management in building investor awareness of the Company through Plutus's network in Europe. The Company has agreed to pay Plutus a fee of €100,000, payable upon the commencement of services and over the term. The consulting agreement with Plutus was negotiated through arm's length negotiations. The agreement with Plutus is subject to acceptance of the TSX Venture Exchange.
The Company is also pleased to announce that its common shares (“Shares”) have been made eligible for book-entry and depository services of the Depository Trust Company (DTC) to facilitate electronic clearing and settlement of transfers of its Shares in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a United States company that manages electronic clearing and settlement for publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered to be “DTC eligible”.
DTC eligibility is expected to simplify the process of trading and transferring the Shares and to enhance the liquidity of the Shares in the United States because of the accelerated settlement period and the expected reduction in costs for investors and brokers, enabling the Shares to be traded over a wider selection of brokerage firms.
About CanCambria Energy Corp.
CanCambria Energy Corp. is a Canadian-based exploration and production company specializing in tight gas development. With a globally experienced leadership team, CanCambria focuses on high-quality, de-risked projects with direct access to profitable markets. Leveraging industries' most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe.
For additional inquiries, please reach out to:
Paul Clarke PhD CEO & President
Chris Beltgens VP, Corporate Development | Investor Relations - North America KIN Communications Inc. 604-684-6730
Email: info@CanCambria.com Website: www.CanCambria.com
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Certain information other than statements of historical facts contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the Offering, Company’s business plans, expectations, capital costs and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
