VANCOUVER, BC, Feb. 25, 2025 /CNW/ - Etruscus Resources Corp. (CNSX:ETR.CN) (OTC:ETRUF) (FSE:ERR) (the "Company" or "Etruscus") announces, subject to Canadian Securities Exchange ("CSE") approval, that it plans to raise up to $1,250,000 through a non-brokered private placement (the "Financing"). The Financing will consist of a combination of flow-through and non flow-through units. Up to 12.5 million non-flow-through units at $0.10 per unit, or up to 10,416,667 million flow-through units at $0.12 per flow-through unit may be issued, or any combination thereof totalling $1.25 million. Proceeds from the flow-through unit subscriptions will be used for the Phase 1 drill program at the Zappa porphyry target located on the Company's Rock & Roll property in the prolific Golden Triangle, northwest B.C. (See News Release dated February 19, 2025). Proceeds from the non-flow-through unit subscriptions will be used for exploration and general corporate expenses.
Read more at newswire.caETRUSCUS ANNOUNCES $1.25 MILLION PRIVATE PLACEMENT TO DRILL AT ZAPPA, A SIGNIFICANT PORPHYRY TARGET AT ROCK & ROLL
Newswire.ca - Press Release
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