(TheNewswire)
Vancouver, BC – TheNewswire- October 7, 2022 – Eastfield Resources Ltd.(TSXV:ETF) (“ Eastfield ” or the “ Company “) announces the following revision to its non-brokered privateplacement offering (the “Offering”), as originally announced onSeptember 19, 2022. The Offering will now consist of the sale of thefollowing securities, subject to regulatory acceptance:
(a) up to 4,000,000 units at a price of$0.06 per unit, to raise gross proceeds of up to $240,000, with eachunit to consist of one common share and one share purchase warrant,with each warrant to entitle the holder to purchase one additionalcommon share at a price of $0.10 for a period of 24 months fromclosing; and
(b) up to 2,000,000 flow-through shares at aprice of $0.08 per share, to raise gross proceeds of up to$160,000.
The proceeds from the Offering will be used by theCompany to finance an exploration program at its 100% owned CR projectand for general working capital.
The securities issued pursuant to the Offering,including any Shares that may be issued pursuant to the exercise ofthe Warrants forming part of the units, will be subject to a holdperiod expiring four months and one day from closing, in accordancewith applicable Canadian securities laws.
J.W. Morton, P. Geo.
President and CEO
Contact: (604) 681-7913 or Toll Free:888-656-6611
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.
For more information, please visit the company’swebsite at www.eastfieldresources.com .
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