E-Power Resources Inc announced a private placement of up to 8,000,000 units at a price of CAD 0.06 per unit for gross proceeds of up to CAD 480,000 on November 16, 2023. Each unit being comprised of one common share and one common share purchase warrant, each warrant entitling its holder thereof to acquire one additional common share of the company at a price of CAD 0.10 per share for a period of 60 months from the closing date of the offering. The transaction is expected to close on or about November 24, 2023, subject to the satisfaction or waiver of the customary closing conditions, including the approval of the Canadian Securities Exchange.

The offering may close in multiple tranches.