Etruscus Announces $1.25 Million Private Placement to Drill at Zappa, a Significant Porphyry Target at ROCK & Roll
ETRUSCUS ANNOUNCES $1.25 MILLION
PRIVATE PLACEMENT TO DRILL AT
ZAPPA, A SIGNIFICANT PORPHYRY
TARGET AT ROCK & ROLL
Vancouver, BC – February 25, 2025– Etruscus Resources Corp. (CSE: ETR) (OTC:
ETRUF) (FSE:ERR) (the “Company” or “Etruscus”) announces, subject to Canadian
Securities Exchange (“CSE”) approval, that it plans to raise up to $1,250,000 through a
non-brokered private placement (the “Financing”). The Financing will consist of a
combination of flow-through and non flow-through units. U p to 12.5 million non-flow-
through units at $0.10 per unit, or up to 10,416,667 million flow-through units at $0.12 per
flow-through unit may be issued, or any combination thereof totalling $1. 25 million.
Proceeds from the flow-through unit subscriptions will be used for the Phase 1 drill
program at the Zappa porphyry target located on the Company’s Rock & Roll property
located in the prolific Golden Triangle, northwest B.C. (See News Release dated February
19, 2025). Procee ds from the non -flow-through unit subscriptions will be used for
exploration and general corporate expenses.
Each flow-through unit will consist of one flow-through common share and one-half (1/2)
of one non -flow-through, non -transferable share purchase warrant with each whole
warrant exercisable into one additional common share at a price of $0.18 per share for a
2-year period.
Each non-flow-through unit will consist of one common share and one-half (1/2) of a non-
transferable share purchase warrant with each whole warrant exercisable into one
additional common share at a price of $0.15 per share for a 2-year period.
All shares issued under the private placement will be subject to a hold period of four
months and one day from the date of issuance. Finders’ fees may be paid in accordance
with securities regulations.
The flow -through shares will qualify as “flow -through shares” for the purposes of the
Income Tax Act (Canada) (the “Act”). The proceeds of the flow-through private placement
will be used to incur “Canadian exploration expense” (within the meaning of the Act). The
Company will renounce these expenses to the purchasers with an effective date of no
later than December 31, 202 5, and as required under the Act , and, if applicable, as
required under Provisional legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
About Etruscus
Etruscus Resources Corp. is a Vancouver -based exploration company focused on the
acquisition and development of precious metal mineral properties. The Company’s flagship
asset is the 100% -owned Rock & Roll Property comprising 29,344 ha near the past
producing Snip mine in Northwest B.C.’s prolific Golden Triangle.
Etruscus is traded under the symbol “ETR” on the Canadian Securities Exchange, “ETRUF”
on the OTC and “ERR” on the Frankfurt Stock Exchange. Etruscus has 53,370,361
common shares issued and outstanding.
This news release does not constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute ‘forward-looking’ statements,
including statements regarding the plans, intentions, beliefs and current expectations of the
Company, its directors, or its officers with respect to the future busine ss activities and
operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”,
“plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to
the Company, or its management, are intended to id entify such forward -looking
statements. Investors are cautioned that any such forward -looking statements are not
guarantees of future business activities or performance and involve risks and uncertainties,
and that the Company’s future business activities may differ materially from those in the
forward-looking statements as a result of various factors. Such risks, uncertainties and
factors are described in the periodic filings with the Canadian securities regulatory
authorities, including quarterly and annual Management’s Discussion and Analysis, which
may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or
Company Contact
Fiore Aliperti, President & CEO
T: 604-336-9088
W: www.etruscusresources.com
uncertainties materialize, or should assumptions underlying the forward-looking statements
prove incorrect, actual results may vary materially from those described herein as intended,
planned, anticipated, believed, estimated or expected. Although the Comp any has
attempted to identify important risks, uncertainties and factors which could cause actual
results to differ materially, there may be others that cause results not to be as intended,
planned, anticipated, believed, estimated or expected. The Company does not intend, and
does not assume any obligation, to update these forward-looking statements.
Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.