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Eastfield Resources Announces Private Placement
(TheNewswire) NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, D...
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"Eastfield Resources Announces Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE\nSERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION\nDIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED\nSTATES\n \n\n\n\n Vancouver, BC –\n \n\n TheNewswire -\n \n\n August 2\n \n\n 5\n \n , 2025 –\n \n Eastfield Resources Ltd. (TSX-V:\nETF)\n \n\n (\n \n\n “\n \n\n Eastfield\n \n\n ”\n \n\n or the\n \n\n “\n \n\n Company\n \n\n “\n \n\n )\n \n\n announces that it\nintends to raise up to $1,000,000 by way of a non-brokered unit\nprivate placement (the\n \n\n “\n \n\n Placement\n \n ”\n \n ) of up to 50 million units\nat a price of $0.02 per unit, with each unit to consist of one common\nshare and one share purchase warrant, with each warrant to entitle the\nholder to purchase an additional common share at a price of $0.05 for\na period of 2 years from closing.\n \n\n\n\n The Placement will be non-brokered, however the Company\nmay pay finder\n \n ’\n \n s fees in accordance with the\nrules and policies of the TSX Venture Exchange (\n \n\n “\n \n\n TSX-V\n \n ”\n \n ). The\nPlacement is subject to the completion of formal documentation and\nreceipt of all necessary regulatory approvals, including TSX-V\nacceptance.\n \n\n\n\n Certain insiders of the Company may participate, with\nfull particulars of such participation to be included in the news\nrelease announcing the closing of the Placement.\n \n\n\n\n The proceeds will be used by the Company to conduct an\nexploration program at its mineral projects in British Columbia and\nfor general working capital including payments to\nnon-arm\n \n ’\n \n s length parties for ongoing general\nadministrative services and to investor relations activities not to\nexceed 10% of the proceeds.\n \n\n\n\n The securities issued pursuant to this Placement will\nbe subject to a hold period expiring four months and one day from the\ndate of issuance in accordance with applicable Canadian securities\nlaws.\n \n\n\n\n The securities have not been, and will not be,\nregistered under the Unites States Securities Act of 1933, as amended\n(the\n \n\n “\n \n\n U.S. Securities\nAct\n \n ”\n \n ), or any U.S. state securities laws...