E-Power Resources (CSE:EPR) has closed its private placement with oversubscriptions, raising a total of C$517,751 ($529,796) for the Tetepisca Flake Graphite Project in Québec, Canada.
The company issued 10.35 million units at C$0.05 per unit. Each unit comprises one share and one purchase warrant, with each warrant entitling the holder to purchase one additional share at C$0.075 over a 60-month period.
Funds will be used to advance fieldwork at the Tetepisca Project and for general working capital.
As reported by Mining.com.au on 24 March, the company is pushing through the development stage at Tetepisca.
Located in the North Shore region of Québec, the Tetepisca property covers 12,665 hectares and comprises 230 claims.
E-Power Resources is a junior explorer focused on acquiring, discovering, and developing graphite properties in Québec, Canada.
Write to Maddison Elliott at Mining.com.au
Images: E-Power Resources
