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(AMENDED) ETRUSCUS CLOSES FINAL TRANCHE OF FINANCING
Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE:ERR) (the "Company" or "Etruscus") is pleased to announce an amendment to its news release of July 30, 2025 in respect of the closing of the private placement (the "Final Tranche"), which now includes an additional $10,000 of non-flow-through subscriptions. The closing is subject to CSE final approval. The final Tranche has resulted in the issuance of 1,233,333 flow-through units for gross proceeds of $148,000 and 2,490,000 non-flow-through u
About this update from Etruscus Resources Corp.
VANCOUVER, BC, July 31, 2025 /CNW/ - Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE:ERR) (the "Company" or "Etruscus") is pleased to announce an amendment to its news release of July 30, 2025 in respect of the closing of the private placement (the "Final Tranche"), which now includes an additional $10,000 of non-flow-through subscriptions. The closing is subject to CSE final approval. The final Tranche has resulted in the issuance of 1,233,333 flow-through units for gross proceeds of $148,000 and 2,490,000 non-flow-through units for gross proceeds of $249,000, all totalling $397,000. For the two-tranche financing as a whole, $1,214,250 was raised by the issuance of 4,922,500 non-flow-through units at $0.10 per unit and 6,016,666 flow-through units at $0.12 per unit. Flow-through funds will be used primarily for a drilling program on the Zappa copper-gold porphyry target on the Rock & Roll property in BC's prolific Golden Triangle. Non-flow-through funds will be used for exploration and for working capital. Each non-flow-through unit consists of one common share and one-half (1/2) of a non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.15 per share for a 2-year period. Each flow-through unit consists of one flow-through common share and one-half (1/2) of one non-flow-through, non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.18 per share for a 2-year period. All shares issued under the final tranche of the Financing will be subject to a hold period of four months and one day from the date of issuance. The flow-through shares will qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "Act"). The proceeds of the flow-through private placement will be used to incur "Canadian exploration expense" (within the meaning of the Act). The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2025, and as required under the Act. About Etruscus Etruscus Resources Corp. 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%-owned Rock &a...
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