E-Power Resources (CSE:EPR) is raising C$350,000 ($363,511) through a private placement to fund development activities at the Tetepisca Project in Québec, Canada.
The company will issue 7 million units at C$0.05 each through the placement, with each unit comprising one share and one purchase warrant.
Each warrant held will entitle the holder to acquire one additional share at C$0.075 each for a 60-month period.
Funds will be used to bolster the Tetepisca Project through the development stage as well as for general working capital.
The placement follows E-Power’s former CEO Jean-Michael Gauthier resigning effective immediately last week, as reported by Mining.com.au.
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



