E-Tech Resources Inc. Increases Previously Announced Private Placement to $700,000
E-Tech Resources Inc. Increases Previously Announced Private Placement to $700,000
Halifax, Nova Scotia--(Newsfile Corp. - August 10, 2023) - E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) ("E-Tech" or the "Company") is pleased to announce that it has increased its previously announced private placement of $500,000 of common shares of E-Tech (each, a "Share") at $0.06 per Share up to $700,000 (the "Financing"). Under the increased Financing terms, E-Tech will now offer subscribers up to 11,666,667 Shares at $0.06 per Share. The proceeds from the private placement will be used to support the Company's ongoing exploration and operational activities.
新斯科舍省哈利法克斯-(Newsfile Corp.-2023年8月10日)-E-Tech Resources Inc.(TSXV：REE)(FSE：K2I)(“电子科技“或”公司“)很高兴地宣布，它已经增加了之前宣布的定向增发500,000美元的E-Tech普通股(每股，A”分享“)每股0.06元至700,000元(”融资根据增加的融资条款，E-Tech现在将以每股0.06美元的价格向认购者提供最多11,666,667股股份。定向增发所得资金将用于支持公司持续的勘探和运营活动。
To facilitate the Financing, E-Tech has entered into an agreement with Numus Capital Corp., a registered Exempt Market Dealer, to act as agent for the Financing. E-Tech has agreed to pay to the agent a cash fee equal to 7% of proceeds raised from investors introduced by the agent, except on subscriptions received from directors, officers, and employees of E-Tech, and to issue compensation warrants entitling the agent to purchase that number of Shares as is equal to seven percent (7%) of the Shares sold to investors introduced by the agent, except on subscriptions received from directors, officers, and employees of E-Tech. Each compensation warrant will be exercisable into a Share of E-Tech at $0.06 per share for a period of 24 months from closing.
为了促进融资，E-Tech与注册的豁免市场交易商Numus Capital Corp.达成了一项协议，作为融资的代理。E-Tech已同意向代理商支付相当于从代理商介绍的投资者筹集的收益的7%的现金费用，E-Tech董事、高级管理人员和员工的认购除外，并发行补偿权证，使代理商有权购买相当于代理商向投资者出售的股份的7%(7%)的股份，但收到E-Tech董事、高级职员和员工的认购除外。每份补偿权证将在成交后24个月内按每股0.06美元的价格行使为E-Tech的股票。
Completion of the Financing is subject to the satisfaction of certain conditions, including the approval of the TSX Venture Exchange, and all securities issued pursuant to the Financing will be subject to a four-month and one day hold period.
融资的完成取决于某些条件的满足，包括多伦多证券交易所创业板的批准，以及根据融资发行的所有证券将有四个月零一天的持有期。
The engagement of Numus Capital Corp. and the Financing may constitute Related Party Transactions under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI-61-101"). E-Tech is relying upon an exemption for shareholder approval required under section 5.7(1)(a) of MI 61-101 on the basis that any related party elements of such transactions would not exceed 25% of market capitalization of E-Tech.
Numus Capital Corp.的参与和融资可能构成以下关联方交易多边文书61-101在特殊交易中对少数担保持有人的保护(“MI-61-101“)。E-Tech依赖MI 61-101第5.7(1)(A)条所要求的股东批准豁免，其基础是该等交易的任何关联方元素不得超过E-Tech市值的25%。
About E-Tech Resources Inc.
关于E-Tech Resources Inc.
E-Tech is a rare earth exploration and development company focused on developing its Eureka Rare Earths Project in Namibia. The Eureka project is located approximately 250 km north-west of Namibia's capital city Windhoek and 140 km east of Namibia's main industrial port Walvis Bay. The project is situated next to the national B1 highway in the Erongo Region of Namibia.
E-Tech是一家稀土勘探开发公司，专注于开发其在纳米比亚的尤里卡稀土项目。尤里卡项目位于纳米比亚首都温得和克西北约250公里处，纳米比亚主要工业港口沃尔维斯湾以东140公里处。该项目位于纳米比亚埃隆戈地区的国家B1骇维金属加工旁边。
The Eureka deposit lies in the Southern Central Zone of the Neoproterozoic Damara Belt within Exclusive Prospecting License ("EPL") number EPL 6762, which covers farms Eureka 99 and Sukses 90. E-Tech has also entered a definitive agreement to acquire an 85% interest in the permit EPL 8748 which lies adjacent to and surrounds the Company's EPL 6762.
尤里卡矿床位于新元古代达马拉带的中南部地带，拥有独家勘探许可证(“EPL”)编号EPL 6762，涵盖尤里卡99和Sukses 90农场。E-Tech还达成了一项最终协议，将收购许可证EPL 8748的85%权益，该许可证位于公司EPL 6762附近和周围。
Namibia is recognized as one of Africa's most politically stable jurisdictions, with an extremely well-established national infrastructure and a clear and transparent mining law.
纳米比亚被认为是非洲政治最稳定的司法管辖区之一，拥有极其完善的国家基础设施和明确透明的采矿法。
Cautionary Statements
警示声明
This press release may contain forward-looking information, such as statements regarding the Financing. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. E-Tech does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to E-Tech. Additional information identifying risks and uncertainties is contained in the filings made by E-Tech with Canadian securities regulators, which filings are available at .
本新闻稿可能包含前瞻性信息，如有关融资的声明。这些信息基于当前的预期和假设(包括与一般经济和市场状况有关的假设)，这些预期和假设会受到难以预测的重大风险和不确定性的影响。实际结果可能与任何前瞻性信息中建议的结果大不相同。E-Tech不承担更新本新闻稿中的前瞻性信息或更新实际结果可能与前瞻性信息中反映的结果不同的原因的任何义务，除非和直到适用于E-Tech的证券法要求。识别风险和不确定性的其他信息包含在E-Tech向加拿大证券监管机构提交的文件中，这些文件可在上查阅。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
For further information, please contact Todd Burlingame, CEO of E-Tech Resources Inc., at (782) 409-5474.
欲了解更多信息，请联系E-Tech Resources Inc.首席执行官托德·伯林格姆，电话：(782)409-5474。
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问