07:55 AM EDT, 08/26/2025 (MT Newswires) -- MCF Energy ( MCFNF ) overnight Monday increased its previously announced non-brokered financing from $500,000 to $1,200,000.

A statement noted the Offering will consist of 24 million units at a price of $0.05 per Unit. Each Unit will consist of one common share and one full common share purchase warrant with each warrant entitling the holder to acquire an additional common share at an exercise price of $0.06 for a period of 24 months from the date of issuance.

Completion of the Offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period.

MCF intends to use the net proceeds from the Offering for working capital and general corporate purposes.