02:39 PM EDT, 07/30/2025 (MT Newswires) -- Etruscus Resources ( ETRUF ) on Wednesday afternoon was down 10% after it closed the final tranche of its previously announced non-brokered private placement of up to $1.25 million.

The company said the final tranche resulted in the issuance of 1.233 million flow through units for $148,000 and 2.4 million non flow through units for $239,000, all totalling $387,000. For the financing as a whole, $1.2 million was raised by the issuance of 4.8 million non flow through units at $0.10 apiece and 6 million flow through units at $0.12 apiece.

Etruscus said flow through funds will be used primarily for a drilling program on the Zappa copper-gold porphyry target on the Rock & Roll property in British Columbia's Golden Triangle. Non flow through funds will be used for exploration and for working capital needs.

Each non flow through unit consists 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 $0.15 per share for a 2-year period.

Each flow through unit consists 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 $0.18 per share for a two year period.

Shares of the company were last seen down $0.010 at $0.090 on the Canadian Securities Exchange.

Price: 0.09, Change: -0.01, Percent Change: -10.00