Earthwise Minerals Extends Private Placement

Executive Summary

• Earthwise Minerals Corp. announced an extension of its non‑brokered private placement, offering up to 7.5 M flow‑through (FT) units and 2.5 M non‑flow‑through (NFT) units at $0.02 per unit for gross proceeds of up to $200,000.
• FT units will be used to fund Canadian exploration expenses on the Iron Range Gold Property; NFT proceeds are earmarked for general working capital.
• Each NFT unit includes one common share and a warrant to purchase an additional share at $0.05 (24‑month term); each FT unit includes one common share and half a warrant.

Key Details

• Offering Size: Up to 10 M units total (7.5 M FT + 2.5 M NFT).
• Price per Unit: $0.02 for both FT and NFT units.
• Gross Proceeds Target: Up to $200,000.
• Unit Composition:
• NFT Unit: 1 common share (NFT Share) + 1 common share purchase warrant (exercise price $0.05, 24‑month expiry).
• FT Unit: 1 common share (FT Share) + ½ of a common share purchase warrant (same terms as NFT warrant).
• Tax Treatment: FT shares qualify as “flow‑through” shares under the Canadian Income Tax Act; associated exploration expenses will be renounced to purchasers.
• Use of Proceeds:
• FT Offering: Advance exploration activities at the Iron Range Gold Property, BC.
• NFT Offering: General working capital.
• Closing Conditions: Subject to customary regulatory approvals and a statutory hold period of four months + one day from closing.
• Regulatory Notice: Securities not registered under U.S. securities laws; cannot be offered/sold in the United States absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)