12:46 PM EST, 02/25/2025 (MT Newswires) -- Etruscus Resources ( ETRUF ) said on Tuesday that it plans to raise up to $1.25 million through a non-brokered private placement of share units.

The company said financing will consist of issuing up to 12.5-million non-flow-through units at $0.10 per unit, or up to 10.4 million flow-through units at $0.12 per flow-through unit, or any combination totaling $1.25 million.

Proceeds from the flow-through unit subscriptions will be used for the Phase 1 drill program at the Zappa porphyry target located on the company's Rock & Roll property in the northwestern British Columbia's Golden Triangle region, and proceeds from the non-flow-through unit subscriptions will be used for exploration and general corporate expenses.

The company said each flow-through unit will consist of a flow-through share and one-half of one non-flow-through, non-transferable warrant with each whole warrant exercisable into one extra share at $0.18 per share for two years. Each non-flow-through unit will consist of a share and one-half of a non-transferable two-year warrant to buy a second share for $0.16.

Shares of Etruscus were last seen down $0.005, or 4.4%, to $0.11 on the Canadian Securities Exchange.

Price: 0.11, Change: -0.01, Percent Change: -4.35