ETF:CC - Eastfield Resources Announces Private Placement
(TheNewswire)
NOT FOR DISTRIBUTION TO U.S. NEWSWIRESERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATIONDIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITEDSTATES
Vancouver, BC – TheNewswire - August 2 5 , 2025 – Eastfield Resources Ltd. (TSX-V:ETF) ( “ Eastfield ” or the “ Company “ ) announces that itintends to raise up to $1,000,000 by way of a non-brokered unitprivate placement (the “ Placement ” ) of up to 50 million unitsat a price of $0.02 per unit, with each unit to consist of one commonshare and one share purchase warrant, with each warrant to entitle theholder to purchase an additional common share at a price of $0.05 fora period of 2 years from closing.
The Placement will be non-brokered, however the Companymay pay finder ’ s fees in accordance with therules and policies of the TSX Venture Exchange ( “ TSX-V ” ). ThePlacement is subject to the completion of formal documentation andreceipt of all necessary regulatory approvals, including TSX-Vacceptance.
Certain insiders of the Company may participate, withfull particulars of such participation to be included in the newsrelease announcing the closing of the Placement.
The proceeds will be used by the Company to conduct anexploration program at its mineral projects in British Columbia andfor general working capital including payments tonon-arm ’ s length parties for ongoing generaladministrative services and to investor relations activities not toexceed 10% of the proceeds.
The securities issued pursuant to this Placement willbe subject to a hold period expiring four months and one day from thedate of issuance in accordance with applicable Canadian securitieslaws.
The securities have not been, and will not be,registered under the Unites States Securities Act of 1933, as amended(the “ U.S. SecuritiesAct ” ), or any U.S. state securities laws, andmay not be offered or sold in the United States without registrationunder the U.S. Securities Act and all applicable state securities lawsor compliance with requirements of an applicable exemption therefrom.This press release shall not constitute an offer to sell or thesolicitation of an offer to buy securities in the Unites States, norshall there be any sale of these securities in any jurisdiction inwhich such offer, solicitation or sale would be unlawful.
For more information, please visit the Company’swebsite at www.eastfieldresources.com .
David M Douglas, CPA, CA.
CFO and Director
Contact: (604) 681-7913 or Toll Free:888-656-6611
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this newsrelease.
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