Jericho Energy Ventures Inc. has announced a private placement financing in connection with a new strategic partnership with Comstock Holding Companies, Inc. The financing will consist of 25,684,932 units priced at CAD$0.08 per unit, with each unit comprising one variable voting share and one-half of a share purchase warrant. Two warrants entitle the holder to acquire one additional share at CAD$0.20, exercisable for 24 months. Comstock will invest USD$1.5 million as part of the placement, which is subject to certain conditions including Exchange approval and a four-month hold period under Canadian securities laws. Net proceeds will be used to accelerate development of Jericho’s planned AI data center campus and related energy infrastructure in Oklahoma. The securities will not be registered under the U.S. Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.

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