New Earth Resources updates $500,000 private placement, pricing 4.2 million units
New Earth Resources disclosed updated terms for its non-brokered private placement raising up to $500,000 through 4,166,667 units at $0.12 each, progressing a May 29 financing announced for the Canadian junior resources issuer.
New Earth Resources Corp. (CSE: ) provided updated terms on its non-brokered private placement, which will raise aggregate gross proceeds of up to $500,000 through the issuance of up to 4,166,667 units at a price of $0.12 per unit [1]. The Vancouver-based company first announced the offering on May 29, 2026 [1].
The placement represents a capital raise for the junior resources issuer in British Columbia. At $0.12 per unit and 4,166,667 units, the financing will add approximately $500,000 in gross proceeds before any offering costs or agent fees, assuming full subscription [1]. The update did not disclose how much of the offering has been subscribed, the structure or warrants attached to each unit, the use of proceeds, or the expected closing date.
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