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CBLT Inc. (TSXV: CBLT) (“CBLT”) announces its intention to effect a flowthrough financing in an amount up to $50,000 (fifty thousand dollars) by offering up to 833,333 Flowthrough Units priced at $0.06 (six cents) per Flowthrough Unit. Each Flowthrough Unit will comprise of one flowthrough share and one full 9-cent warrant with a 24-month term, with each 9-cent warrant being exercisable into a flowthrough common share.
Etruscus Resources Corp. (CSE: ETR) (FSE: ERR) (the “Company” or “Etruscus”), a Vancouver-based junior exploration company, announces that, subject to Canadian Securities Exchange (“CSE”) approval, the Company has closed the first tranche of its non-brokered private placement announced on December 8, 2020, raising $467,700. The Company issued a total of 730,000 non-flow-through units at $0.25 per unit for proceeds of $182,500 and 891,250 flow-through units at $0.32 per unit for proceeds of $285,200. The non-flow-through funds were oversubscribed by 10,000 units and will be used for both exploration and general working capital while the flow-through funds will be used for continued exploration of the Company’s Rock & Roll Property.