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E-Power Resources Announces Closing of a First Tranche of Private Placement
Montreal, Quebec--(Newsfile Corp. - October 15, 2024) - E-Power Resources Inc (CSE: EPR) ("E-Power" or the "Company") announces that it has closed the first tra
About this update from E-power Resources, Inc.
[{"type":"text","content":" Montreal, Quebec--(Newsfile Corp. - October 15, 2024) - E-Power Resources Inc (CSE: EPR) (\"E-Power\" or the \"Company\") announces that it has closed the first tranche of the private placement previously announced on September 24, 2024 (the \"Private Placement\"). An aggregate of 3,425,280 units (the \" Units\") of the Company were issued in the Private Placement at a price of $0.05 per Unit for gross proceeds of $171,264, each Unit being comprised of one common share in the capital of the Company (each a \"Common Share\") and one-half common share purchase warrant (each a \"Warrant\"), each Warrant entitling its holder thereof to acquire one additional common share (each a \"Warrant Share\") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date. (the \"Offering\") Net proceeds from the Offering will be used by the Company for general working capital purposes. Two insiders of the Company participated in the Private Placement. No finder's fees were paid in connection with this tranche. The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The securities offered pursuant to the Offering are subject to certain trade restrictions pursuant to applicable securities laws. About E-Power Resources Inc. E-Power Resources Inc. is an exploration stage company engaged principally in the acquisition, exploration, and development of graphite properties in Quebec. Its flagship asset, the Tetepisca Graphite Property, is located in the Tetepisca Graphite District of the North Shore Region of Quebec, approximately 215 kilometers from the Port of Baie-Comeau. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company by email at [email protected]. On Behalf of the Company James CrossPresident & CEO+1 (438) [email protected] Disclaimer for Forward-Looking Information This news release contains certain forward-lookin...