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Cunningham Natural Resources Corp Explores $50 Million Financing for Growth Initiatives

Cunningham Natural Resources Corp (OTC: CNRC), a prominent player in the oil and gas sector, has announced its intention to secure financing of up to $50 million. This capital is aimed at supporting the company's expanded drilling programs and strategic acquisitions in both the United States and Canada. The company welcomes this opportunity for shareholder investment and operational enlargement.

Financing for Strategic Growth

The planned financing is crucial for CNRC’s endeavors, allowing the company to focus on developing well sites in key formations, including the Big Injun, Weir, and Berea sandstone formations located in West Virginia. The initiative will not only expand CNRC’s production capabilities but also fortify its position in critical energy markets. The management views this financing as an essential move to maximize operational expertise while responding to favorable conditions within the industry.

As discussions progress, CNRC will keep stakeholders updated on the specifics of the financing arrangements, including terms and timelines, ensuring transparency throughout the negotiation process.

Update on Worldwide Diversified Holdings, Inc

In addition to its financing plans, CNRC is making strides in advancing the listing of its strategic partner, Worldwide Diversified Holdings, Inc, on the OTC Markets. This effort is characterized by the engagement of a market maker and the completion of necessary regulatory requirements. With a target completion date in Q2 2025, this will facilitate enhanced trading opportunities for Worldwide's common stock.

The anticipated listing is expected to significantly widen Worldwide's market visibility and capital access, underpinning its growth strategy in segments like artificial intelligence technology, fintech, software, and telecommunications. A series of strategic acquisitions are also earmarked for Q2 2025, expected to diversify Worldwide's investment portfolio further.

Evaluating Restructuring Benefits

As part of its strategy to optimize capital structure and enhance long-term shareholder value, CNRC is investigating the possibility of a company restructuring. If successfully implemented, this move could increase the per-share price, ultimately improving market perception.

Anticipated Benefits of Restructuring

1. Enhanced Marketability: A potentially higher share price could attract a broader range of institutional investors, fostering improved trading liquidity.
2. Listing Eligibility: Restructuring may help CNRC meet the minimum price requirements for an uplisting to a senior exchange, such as Nasdaq or NYSE, opening additional financing avenues in the future.
3. Strengthened Financial Position: The combination of the potential $50 million financing and acquisitions, alongside the restructuring, could significantly bolster CNRC's capacity for growth and signal strong confidence in its long-term outlook.

The company is in the preliminary phases of evaluating restructuring avenues and is committed to providing further updates as decisions materialize. Shareholder approval and regulatory compliance will be vital components of the process.

Frank Kristan, President of CNRC, expressed optimism regarding the ventures, stating, “We are at a pivotal moment for CNRC; the potential $50 million financing will drive our oil and gas expansion, the Worldwide listing will unlock new opportunities, and a possible restructuring could strengthen our market position. Together, these initiatives reflect our dedication to delivering sustainable growth and value to our shareholders.”

About Cunningham Natural Resources Corp

Cunningham Natural Resources Corp is focused on traditional oil and gas projects, while also exploring energy transition materials and mining opportunities in metals like copper, lithium, and gold. The company aims for a global investment strategy that prioritizes sustainability as a core principle.

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements under the Private Securities Litigation Reform Act, which involve risks and uncertainties. Results may fluctuate and are not guaranteed.

For more information, please visit Cunningham Natural Resources Corp's website.