E-Power Resources arranges $350,000 private placement

Executive Summary

• E-Power Resources Inc. announced a private placement of units with total gross proceeds of up to $350,000, intended for Tetepisca project development and general working capital.
• The company announced the immediate resignation of director Mark Billings.
• The offering consists of units priced at $0.05 each, comprising one common share and one warrant exercisable at $0.075 per share for 60 months.

Key Details

• Financing Structure: Private placement of up to 7,000,000 units.
• Price: $0.05 per unit.
• Gross Proceeds: Up to $350,000.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.075 per share.
• Warrant Duration: 60 months from the closing date.
• Use of Proceeds: Tetepisca project development and general working capital purposes.
• Closing Date: Expected on or about April 10, 2026, subject to customary conditions and CSE approval.
• Regulatory Basis: Offered via private placement pursuant to exemptions from National Instrument 45-106.
• Broker Compensation: The company may pay brokers in the context of the offering.
• Tranche Structure: The offering may close in multiple tranches.
• Management Change: Mark Billings resigned as a director of the company, effective immediately.

Notable Quotes

• "The company wishes to thank Mr. Billings for his dedicated service and valuable contributions to the company."