On January 6, 2026, NEW EARTH RESOURCES CORP closed the transaction. The company announced that it has closed its previously announced non-brokered private placement (the ?Offering?) of units (each, a ?Unit?), raising gross proceeds of CAD 825,000. Under the Offering, the Company issued an aggregate of 2,200,000 Units at a price of CAD 0.375 per Unit, each Unit composed of one Class A common share of the Company (each, a ?Share?) and one Share purchase warrant (each, a ?Warrant?, entitling the holder to purchase one Share at a price of CAD 0.50 per Share until January 6, 2029).
In connection with the Offering, the Company paid aggregate cash finder?s fees of CAD 6,150 and issued an aggregate of 14,400 finder?s warrants, with each finder?s warrant exercisable for one Share at an exercise price of CAD 0.375 per Share until January 6, 2029. All securities issued under the Offering are subject to a four month hold period expiring May 7, 2026 in accordance with applicable Canadian securities laws.
