05:27:13 EDT Tue 09 Jun 2026
Enter Symbol
or Name
USA
CA



Etruscus Resources Corp
Symbol ETR
Shares Issued 48,085,361
Close 2025-07-15 C$ 0.12
Market Cap C$ 5,770,243
Recent Sedar+ Documents

Etruscus to raise $400K in final tranche of placement

2025-07-16 17:57 ET - News Release

Mr. Fiore Aliperti reports

ETRUSCUS ANNOUNCES PRIVATE PLACEMENT TO DRILL AT ZAPPA

Subject to Canadian Securities Exchange approval, Etruscus Resources Corp. plans to raise up to $400,000 through a non-brokered private placement, as the second and final tranche of its $1.25-million financing announced on Feb. 25, 2025, and which closed the first tranche of $817,250 on March 24, 2025. Refer to news releases of those two days.

The financing consists of a combination of flow-through and non-flow-through units. Up to 4.0 million non-flow-through units at 10 cents per unit or up to 3.33 million flow-through units at 12 cents per flow-through unit may be issued, or any combination thereof totalling up to $400,000. In the first tranche, the company issued 2,432,500 non-flow-through units for proceeds of $243,250 and 4,783,333 flow-through units for proceeds of $574,000.

Proceeds from the flow-through unit subscriptions of both tranches will be used on qualifying expenditures for the phase 1 drill program at the Zappa porphyry target, located on the company's Rock & Roll property in the prolific Golden Triangle in northwest B.C. (see news release dated July 10, 2025). Proceeds from the non-flow-through unit subscriptions will be used for exploration at Rock & Roll and for general corporate purposes.

Each flow-through unit consists of one flow-through common share and one-half of one non-flow-through, non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of 18 cents per share for a two-year period.

Each non-flow-through unit consists of one common share and one-half of a non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of 15 cents per share for a two-year period.

All shares issued under the private placement will be subject to a hold period of four months and one day from the date of issuance. Finders' fees may be paid in accordance with securities regulations.

The flow-through shares will qualify as flow-through shares for the purposes of the Income Tax Act (Canada). The proceeds of the flow-through private placement will be used to incur Canadian exploration expense (within the meaning of the act). The company will renounce these expenses to the purchasers with an effective date of no later than Dec. 31, 2025, and as required under the act, and, if applicable, as required under provisional legislation.

About Etruscus Resources Corp.

Etruscus Resources is a Vancouver-based exploration company focused on the acquisition and development of precious metal mineral properties. The company's flagship asset is the 100-per-cent-owned Rock & Roll property comprising 29,344 hectares near the past-producing Snip mine in northwest B.C.'s prolific Golden Triangle.

Etruscus is traded under the symbol ETR on the Canadian Securities Exchange, ETRUF on the OTC and ERR on the Frankfurt Stock Exchange. Etruscus has 60,586,194 common shares issued and outstanding.

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