Etruscus Resources Corp. (CSE: ETR) announced on October 28, 2026 that it plans to raise up to $200,000 through a non-brokered private placement of flow-through common shares, subject to Canadian Securities Exchange approval. The financing will consist of up to 2,857,143 flow-through shares priced at $0.07 per share, with all proceeds directed exclusively toward qualifying Canadian exploration expenditures at the company's Rock & Roll Property in British Columbia's Golden Triangle. The company also confirmed that a previously announced private placement tranche of $500,287 closed on September 29, 2026.

Key Points

  • Etruscus Resources Corp. (CSE: ETR | OTC: ETRUF | FSE: ERR) announced a non-brokered flow-through private placement
  • The company plans to raise up to $200,000 via up to 2,857,143 flow-through common shares at $0.07 per share
  • All proceeds will fund exploration at the Rock & Roll Property; expenses will be renounced to purchasers effective no later than December 31, 2026
  • Investors may be watching for CSE approval of the financing and results from the ongoing airborne ZTEM geophysical survey

Flow-Through Structure and Use of Proceeds at Rock & Roll

The financing is structured entirely as flow-through shares, qualifying under the Income Tax Act (Canada) as "Canadian exploration expense." Etruscus stated it will renounce these exploration expenditures to purchasers with an effective date no later than December 31, 2026. All shares issued will carry a hold period of four months and one day from the date of issuance. Finders' fees may be paid in accordance with applicable securities regulations. The proceeds are designated solely to advance exploration at the Rock & Roll Property, a 23,726-hectare asset located near the past-producing Snip mine in Northwest B.C.

ZTEM Airborne Survey Anchors Etruscus's 2026 Exploration Programme

According to the announcement, President and CEO Fiore Aliperti stated that this financing completes funding for the company's 2026 exploration activities at Rock & Roll. The release states the company is advancing an airborne ZTEM geophysical survey, which the company says it expects will provide insights into potential concealed mineral systems and help refine high-priority exploration targets. Etruscus's stated objective is to build a pipeline of drill-ready targets while maintaining disciplined exploration spending guided by geological and geophysical data.

Previously Announced Placement Closes; Share Capital Stands at 72.4 Million

Etruscus confirmed that a previously announced private placement was completed with a tranche of $500,287 that closed on September 29, 2026. As of the announcement date, the company has 72,374,927 common shares issued and outstanding. The company also holds the Pheno Property, a rare earth elements target of 5,618 hectares contiguous to and immediately north of Rock & Roll, though the release does not provide updated exploration details for that asset. The immediate share price impact was not clear from available public information.