Mr. Fiore Aliperti reports
ETRUSCUS ANNOUNCES $700,000 PRIVATE PLACEMENT
Etruscus Resources Corp. plans to raise up to $700,000 through a non-brokered private placement. The financing will consist of a combination of flow-through and non-flow-through units. Up to 9,333,334 flow-through units at 7.5 cents per unit, or up to 11,666,667 non-flow-through units at six cents per unit may be issued, or any combination thereof totalling up to $700,000. Proceeds of the financing will be used to advance Etruscus's 2026 exploration program at its Rock & Roll property. Flow-through proceeds will be incurred solely on qualifying Canadian exploration expenditures on the property. Non-flow-through proceeds will finance both the company's general working capital and additional exploration.
A geophysical survey has been planned with a focus on prospective areas along the eastern portion of the property adjacent to Seabridge Gold's Bronson Corridor project. The survey is designed to identify concealed intrusive centres and prioritize the highest-quality drill targets before committing additional capital to diamond drilling.
Fiore Aliperti, president and chief executive officer of Etruscus, commented: "This financing provides us with the flexibility to execute an important stage of our exploration strategy while remaining disciplined with shareholder capital. The recent maiden inferred mineral resource announced by Seabridge at Snip North has reinforced our belief that the eastern portion of Rock & Roll warrants a fresh evaluation using modern deep-penetrating geophysical techniques." He went on to add: "Rather than rushing into drilling, our objective is to use modern geophysics to identify and prioritize the highest-quality drill targets before committing significant exploration capital. We believe this disciplined approach maximizes the effectiveness of every exploration dollar while positioning the company for future discovery success."
Each flow-through unit will consist of one flow-through common share and one-half f one non-flow-through, non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of 12 cents per share for a two-year period.
Each non-flow-through unit will consist of one common share and one non-transferable share purchase warrant with each warrant also exercisable into one additional common share at a price of 12 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.
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 23,726 hectarer near the past-producing Snip mine in Northwest British Columbia's prolific Golden Triangle.
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