Earthwise to extend $200,000 private placement

Executive Summary

• Earthwise Minerals Corp. extends its previously announced private placement, now offering up to 7.5 million flow‑through (FT) units and 2.5 million non‑flow‑through (NFT) units at C$0.02 per unit for total gross proceeds of up to C$200,000.
• FT units consist of one common share plus half a warrant; NFT units consist of one common share plus a full warrant (exercise price C$0.05, 24‑month term).
• Proceeds from FT units will fund Canadian exploration expenses on the Iron Range gold property; NFT proceeds are earmarked for general working capital.

Key Details

• Placement Size: Up to 7.5 million FT units and 2.5 million NFT units.
• Pricing: C$0.02 per unit for both FT and NFT units.
• Gross Proceeds Target: Up to C$200,000.
• FT Unit Composition: 1 common share + ½ common‑share purchase warrant; qualifies as flow‑through shares under the Canadian Income Tax Act.
• NFT Unit Composition: 1 common share + 1 full common‑share purchase warrant.
• Warrant Terms (NFT): Exercise price C$0.05 per share, exercisable for 24 months from issuance.
• Use of Proceeds – FT Units: To incur Canadian exploration expenses that qualify as flow‑through mining expenditures on the Iron Range gold property in British Columbia.
• Use of Proceeds – NFT Units: General working capital.
• Closing Conditions: Subject to customary conditions, including regulatory approvals; securities subject to a statutory hold period of four months and one day from closing.

Notable Quotes

(No executive quotes provided in the release.)