E-Tech Resources Inc. Closes Private Placement of $600,000
Halifax, Nova Scotia – (Newsfile Corp. August 1, 2024) – E-Tech Resources Inc. (“E-Tech” or the “Company“) (TSX.V:REE) (FSE:K2i) is pleased to announce the closing of its previously announced private placement of 12,000,000 units (each, a “Unit“) at $0.05 per Unit. Each Unit consists of one common share of E-Tech (a “Common Share”) and one-half common share purchase warrant (each whole warrant, a “Warrant“) for gross proceeds of $600,000 (the “Financing“). Each Warrant entitles the holder to acquire one Common Share of E-Tech at an exercise price of $0.10 per share for a period of 24 months from closing. The proceeds from the private placement will be used to support the Company’s ongoing exploration and operational activities as well as for general working capital purposes.
Numus Capital Corp., a registered Exempt Market Dealer, acted as agent for the Financing. In connection with the private placement, E-Tech paid the agent cash commissions of $24,500 and 490,000 broker warrants. Each broker warrant entitles the holder to acquire one Common Share at an exercise price of $0.10 and is exercisable for a period of 24 months from closing.
