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Financings

New Earth Resources Closes Private Placement

By The Northwire Desk — AI Analysis Jan 06, 2026 · 18:00 EATH · 0.67 New Earth Resources Corp.
EATH · Price

Executive Summary

  • New Earth Resources Corp. closed its previously announced non‑brokered private placement, issuing 2,200,000 units at $0.375 per unit and raising gross proceeds of $825,000.
  • Each unit consists of one Class A common share and one warrant to purchase an additional share at $0.50 (exercisable until Jan 6 2029).
  • Proceeds will be used for general working capital; the securities are subject to a four‑month hold period expiring May 7 2026.

Key Details

  • Units Issued: 2,200,000 units at $0.375 per unit.
  • Composition of Each Unit:
  • 1 Class A common share.
  • 1 share purchase warrant (exercise price $0.50 per share; valid until Jan 6 2029).
  • Gross Proceeds: $825,000.
  • Use of Proceeds: General working capital.
  • Finder’s Fees Paid: $6,150 in cash.
  • Finder’s Warrants Issued: 14,400 warrants (exercise price $0.375 per share; valid until Jan 6 2029).
  • Hold Period: All securities subject to a four‑month hold period expiring May 7 2026 under Canadian securities law.

Notable Quotes

“On Behalf of the Board of Directors” – Lawrence Hay, President and CEO

Materiality Assessment: Material – Positive (the financing provides new capital for operations).

Read the original news release →

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