E-Power Resources, Inc. ( (TSE:EPR) ) has shared an update.
E-Power Resources Inc. has completed the first tranche of its private placement, issuing 3,646,460 units at $0.05 per unit, raising $182,323. The proceeds will be used for general working capital, and the securities are subject to a four-month hold period. The participation of company insiders in the placement constitutes a related party transaction, but exemptions were applied due to the transaction’s size relative to the company’s market capitalization.
More about E-Power Resources, Inc.
E-Power Resources Inc. is an exploration stage company focused on the acquisition, exploration, and development of graphite properties in Quebec. Its primary asset is the Tetepisca Graphite Property, located in the Tetepisca Graphite District of the North Shore Region of Quebec. The property is strategically positioned over conductive horizons with potential for significant flake graphite resources.
YTD Price Performance: -23.08%
Average Trading Volume: 52,534
Technical Sentiment Signal: Strong Buy
For detailed information about EPR stock, go to TipRanks’ Stock Analysis page.