New Earth Resources Updates $500,000 Non-Brokered Private Placement
New Earth Resources Corp. (CSE: EATH) is raising up to $500,000 gross proceeds through a non-brokered private placement of 4,166,667 units at $0.12 per unit, with each unit including one Class A common share and one five-year warrant exercisable at $0.18.
New Earth Resources Corp. (CSE: ) updated terms of its previously announced non-brokered private placement, under which the company 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 resources company first disclosed the offering on May 29, 2026.
Each unit consists of one Class A common share and one share purchase warrant [1]. The warrants entitle holders to purchase one share at a price of $0.18 for five years from the date of issuance [1]. The warrant strike price sits 50 percent above the unit price, creating potential dilution if shares trade above that level before expiration.
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