New Earth Resources Announces Private Placement

Executive Summary

• New Earth Resources Corp. announces a non‑brokered private placement to raise up to $1,750,000 in gross proceeds.
• The offering consists of two classes of securities: up to 2 million Units at $0.375 each and up to 2,222,222 flow‑through Units at $0.45 each.
• Proceeds will be used for general working capital and eligible Canadian exploration expenses on the Company’s mineral projects.

Key Details

• Units: Up to 2,000,000 units @ $0.375 per Unit → $750,000 gross proceeds.
• Flow‑through Units (FT Units): Up to 2,222,222 FT Units @ $0.45 per FT Unit → up to $1,000,000 gross proceeds.
• Unit Composition: Each Unit = 1 Class A common share + 1 Share purchase warrant (exercise price $0.50, 36‑month term).
• FT Unit Composition: Each FT Unit = 1 flow‑through share + 1 FT Unit warrant (exercise price $0.60, 36‑month term).
• Use of Proceeds:
• General working capital for the Company.
• Eligible Canadian exploration expenses (“flow‑through mining expenditures”) on Canadian mineral exploration properties.
• Finder’s Fees/Warrants: The Company may pay finder’s fees and issue finder’s warrants in connection with the Offering.
• Holding Period: Securities issued will be subject to a four‑month hold period under applicable Canadian securities laws.
• Insider Participation: Insiders of New Earth Resources Corp. are permitted to participate in the Offering.

Notable Quotes

• “We are pleased to provide additional financing that will support our ongoing exploration activities and strengthen our balance sheet,” – Lawrence Hay, President and CEO.