E-Power Resources Inc. Announces Closing of a Second Tranche of Private Placement
Summary
Montreal, Quebec--(Newsfile Corp. - April 28, 2025) - E-Power Resources Inc. (CSE: EPR) (FSE: 8RO) ("E-Power" or the "Company") announces that it has closed the second tranche of the private placement (the "Second Tranche") previously announced on March 12, 2025 (the "Private Placement").An aggregate of 3,276,000 units (the " Units") of the Company were issued in the Second Tranche of the Private Placement at a price of $0.05 per Unit for gross proceeds of $163,800, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each full Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date (the "Offering").Net proceeds from the Offering will be used by the Company for general working capital purposes.One insider of the Company participated in the Second Tranche of the Private Placement.Finders fees of $5,800 and 11,600 broker warrants were paid to Acuarios Foundation in connection with this private placement. Each broker warrant entitles the holder to purchase one common share of the Company at 10 cents per share and is valid for 2 years following the closing date of the second tranche.All securities issued pursuant to the Second Tranche of the Private Placement are subject to a statutory hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws.One insider of the Company participated in the Second Tranche. Participation by the insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101 ("MI 61-101"). The property consists of 230 claims covering an area of approximately 12,620 hectares within the emerging Tetepisca Graphite District ("TGD"). The TGD is an active graphite exploration and development district with delineated measured and indicated resources in excess of 120 Mt at an average grade of approximately 14% Cg.