E-Power Resources Inc announced a private placement to issue up to 7,857,143 units of the company at a price of CAD 0.07 per unit for the gross proceeds of up to CAD 550,000 on February 26, 2024. Each unit is comprising of one common share in the capital of the company and one-half common share purchase warrant, with each warrant entitling its holder thereof to acquire one additional common share of the company at a price of CAD 0.15 per share for a period of 60 months from the closing date of the offering. The common shares will be offered by way of private placement pursuant to applicable exemptions from prospectus requirements.

The offering is expected to close on or about March 22, 2024, subject to the satisfaction or waiver of the customary closing conditions, including the approval of the Canadian Securities Exchange. The company may pay brokers in the context of the offering. The offering may close in multiple tranches.