Etruscus Resources Corp. announced a non-brokered private placement to 6,600,000 non-flow-through units at CAD 0.15 per unit and 5,500,000 flow-through units at CAD 0.18 per unit, for the gross proceeds of CAD 1,980,000 on March 29, 2023. Each non-flow-through unit will consist of one common share and one-half of a non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of CAD 0.22 per share for a two-year period.

Each flow-through unit will consist of one flow-through common share and one-half of one non-flow-through, non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of CAD 0.27 per share for a two-year period. All shares issued under the transaction 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 transaction is subject to Canadian Securities Exchange (CSE) approval.