Mr. James Cross reports
E-POWER RESOURCES INC. ANNOUNCES CLOSING OF A THIRD AND FINAL TRANCHE OF OVERSUBSCRIBED PRIVATE PLACEMENT
E-Power Resources Inc. has closed the third and final tranche of the private placement previously announced on March 12, 2025.
An aggregate of 5,598,240 units of the company were issued in the third tranche of the private placement at a price of five cents per unit for gross proceeds of $279,912, each unit comprising one common share in the capital of the company and one-half common share purchase warrant, each warrant entitling its holder thereof to acquire one additional common share at a price of 10 cents per warrant share for a period of 60 months from the closing date (the offering).
Net proceeds from the offering will be used by the company for general working capital purposes. No insiders of the company participated in the third tranche of the private placement.
Finders' fees of $3,800 and 76,000 broker warrants were paid to Acuarios Foundation in connection to this third tranche. The broker warrants enable the holder thereof to acquire one additional common share at a price of 10 cents per share for a period of 24 months from the closing date.
About E-Power Resources Inc.
E-Power Resources is an exploration stage company engaged principally in the acquisition, exploration and development of graphite properties in Quebec. Its flagship asset, the Tetepisca graphite property, is located in the Tetepisca graphite district of the North Shore region of Quebec, approximately 215 kilometres from the Port of Baie-Comeau.
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