Mr. James Cross reports
E-POWER RESOURCES INC. ANNOUNCES CLOSING OF OVERSUBSCRIBED HARD DOLLAR AND FLOW-THROUGH PRIVATE PLACEMENTS
E-Power Resources Inc. has closed the hard-dollar private placement and flow-through private placement previously announced on June 11, 2025.
An aggregate of 1.84 million units of the company were issued in the hard-dollar private placement at a price of five cents per unit for gross proceeds of $92,000, each unit comprising one common share in the capital of the company and one 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 of the private placement.
An aggregate of 3.4 million units of the company were issued in the flow-through private placement at a price of five cents per flow-through unit for gross proceeds of $170,000, each flow-through unit comprising one common share in the capital of the company and one-half common share purchase warrant, each flow-through warrant entitling its holder thereof to acquire one additional common share at a price of 10 cents per flow-through warrant for a period of 60 months from the closing date of the flow-through private placement.
Net proceeds from the flow-through private placement will be used by the company to work on the Tetepisca graphite property. Net proceeds from the hard-dollar private placement will be used for general working capital purposes.
No insiders of the company participated in the hard-dollar private placement and flow-through private placement.
Finders' fees of $12,000 and 240,000 broker warrants were paid to PB Markets Inc. Each broker warrant entitles its holder thereof to acquire one additional common share at a price of five cents, for a period of 60 months from the closing date of the hard-dollar private placement and flow-through private placement.
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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