Etruscus Secures Final Tranche of Financing for Growth

Author: Evelyn Baker Updated: 07-30-2025 08:33 AM

Etruscus Resources Corp. Closes Final Tranche of Financing

Etruscus Resources Corp. (CSE: ETR, OTC: ETRUF) is excited to announce the completion of its final tranche in a non-brokered private placement, successfully raising $387,000. This financing included the issuance of 1,233,333 flow-through units and 2,390,000 non-flow-through units, which represents a significant milestone for the company.

Details of the Financing

The financing was structured to raise up to $1,250,000, supporting exploration projects and working capital. The non-flow-through units consist of common shares paired with share purchase warrants, providing investors an opportunity to buy additional shares at a predetermined price for a two-year period. Specifically, these warrants are set at $0.15 for the non-flow-through units and $0.18 for the flow-through units.

Use of Proceeds

The funds acquired from the flow-through financing will primarily be allocated towards a drilling program at the Zappa copper-gold porphyry target located in the Rock & Roll property, situated within the prolific Golden Triangle. This area is well-known for its rich mining history, which Etruscus aims to contribute to with careful exploration.

Finders Fees and Regulatory Approvals

In the course of this financing, finders' fees were also obliged, costing a total of $23,060 along with 96,833 share purchase warrants. This final tranche is still subject to approvals from the appropriate regulatory bodies, ensuring all financial activities comply with CSE regulations.

Stock Options and Management

Additionally, Etruscus has announced its Board of Directors approved the issuance of 2,100,000 incentive stock options to selected directors and consultants at an exercise price of $0.12 per share. This approval signals strong confidence from management towards driving Etruscus’s growth.

About Etruscus Resources Corp.

Etruscus is a Vancouver-based exploration company focused on acquiring precious metal mineral properties. With its flagship asset, the Rock & Roll Property covering 29,344 hectares, the company stands in close proximity to notable historical mines, enhancing its exploration potential in British Columbia's Golden Triangle.

Regulatory Compliance

All shares issued through the final tranche are subject to a hold period of four months and one day post-issuance. This practice adheres to regulatory standards set forth by Canadian securities authorities.

Future Prospects

As Etruscus moves forward, the engaged community and stakeholders can look forward to exciting developments that accompany exploration activities set to commence as early as the next drilling season. The financial strategies employed not only bolster the company’s potential but also position it favorably within the competitive domain of mineral exploration.

Frequently Asked Questions

What is the purpose of the funds raised from this financing?

The funds will primarily support drilling programs and strategic exploration on the Rock & Roll property.

What are the details of the share purchase warrants?

The warrants allow investors to purchase additional shares at a set price of $0.15 or $0.18 for a two-year period.

Where is the Rock & Roll property located?

The Rock & Roll property is located in the Golden Triangle, a region known for its mining history in British Columbia.

What is Etruscus Resources Corp. focusing on?

Etruscus is concentrating on acquiring and developing precious metal mineral properties, particularly copper-gold projects.

How does the management plan to ensure compliance with regulations?

All activities, including financing and share issuances, are in alignment with the regulations set forth by the Canadian securities authorities.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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