Earthwise Minerals arranges $595,000 private placement

Executive Summary

• Earthwise Minerals Corp. announced a non-brokered private placement financing of up to 17 million non-flow-through units.
• The units are priced at 3.5 cents each, targeting gross proceeds of up to $595,000.
• Proceeds will be used for general working capital and exploration at the company's Iron Range gold project.

Key Details

• Financing Structure: Non-brokered private placement of up to 17,000,000 non-flow-through units.
• Price: 3.5 cents per unit.
• Gross Proceeds: Up to $595,000.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of 5.0 cents.
• Warrant Duration: 36 months from the date of issuance.
• Use of Proceeds: General working capital and exploration at the Iron Range gold project.
• Hold Period: Securities have a statutory hold period of four months and one day from issuance under Canadian securities laws.
• Fees: Finders' fees may be paid in connection with the offering.