E-Power Resources Inc. (CSE: EPR) (FSE: 8RO) (“e-electricity” Or “company“) has announced that it intends to complete a private placement of units for aggregate gross proceeds of up to $350,000 (“private placement“).
The securities to be issued pursuant to the Private Placement will consist of up to 7,000,000 units of the Company (“units“) issued at a price of $0.05 per Unit, each Unit consisting of one common share in the capital of the Company (each one “General share“) and one common share purchase warrant (each one “warrant“), each Warrant entitles its holder to acquire one additional common share of the Company at a price of $0.075 per Common Share for a period of 60 months from the closing date of the Offering (“Proposal“).
The net proceeds from the offering will be used by the Company for Tetepisca project development and general working capital purposes.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemption (“NI 45-106“), the common shares, warrants and units will be offered through a private placement in accordance with applicable exemptions from NI 45-106. The offering is expected to close on or about April 10, 2026, subject to the satisfaction or waiver of customary closing conditions, including the approval of the Canadian Securities Exchange (“CSE“). The Company may make payments to brokers in connection with the Offering. The Offering may close in several stages.
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.US Securities Act“) or any U.S. state securities laws, and may not be offered or sold in the United States or for the account or benefit of United States persons, without registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The company has also announced that Mark Billings has resigned from the position of director of the company with immediate effect. The Company would like to thank Mr. Billings for his dedicated service and valuable contributions to the Company.
E-Power Resources Inc. About this
E-Power Resources Inc. is an exploration stage company engaged in the acquisition, exploration and development of graphite properties primarily in Quebec. Its flagship asset, the Tetepisca graphite property, is located in the Tetepisca graphite district of the North Coast region of Quebec, approximately 215 kilometers from the port of Baie-Comeau. For more information, please visit the company’s disclosure record on SEDAR+ (www.sedarplus.ca) or contact the company by email at info@e-powerresources.com.
From the Board of Directors
Jamie Lavigne, P.Geo
Chief Operating Officer and Interim President and Chief Executive Officer
+1 (438) 701-3736
info@e-powerresources.com
Disclaimer for forward-looking information
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including, without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of the Company’s management based on currently available information. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed in the filings made by the Company from time to time with securities regulatory authorities, that may cause actual results to differ materially from the results discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information included in this news release are made as of the date hereof and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws.
CSE has not reviewed, approved or disapproved the contents of this news release.
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