On September 24, 2024, E-Power Resources Inc. (CSE: EPR) made an announcement regarding its plan to conduct a private placement of units with a total gross proceeds of up to $420,000. The securities to be issued as part of this offering will consist of up to 8,400,000 units of the Company, priced at $0.05 per unit. Each unit will include one common share and one-half common share purchase warrant, allowing the holder to acquire an additional common share at a price of $0.10 per share for a period of 60 months from the closing date.
The net proceeds from this private placement will be utilized for general working capital purposes. The offering is expected to close around October 25, 2024, subject to standard closing conditions and approvals. Brokers may be compensated in relation to this offering, and it may close in multiple tranches.
It should be noted that the securities offered in this private placement have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without proper registration or exemption.
E-Power Resources Inc. is actively involved in the acquisition and development of graphite properties in Quebec. The company’s main asset, the Tetepisca Graphite Property, is situated in the Tetepisca Graphite District of Quebec. For more information, interested parties can refer to the Company’s disclosure record on SEDAR or contact them via email at info@e-powerresources.com.
The forward-looking statements contained in this news release are subject to risks and uncertainties, and readers are advised to exercise caution. The Company does not undertake to update or revise any forward-looking statements, except as required by applicable securities laws. The Canadian Securities Exchange has not reviewed or approved the contents of this release. To access the original press release, please visit the source link provided.
