Vancouver, BC — October 6, 2025 — Leads & Copy — Eastfield Resources Ltd. (TSX-V: ETF) has announced the closure of its previously announced non-brokered private placement, raising total proceeds of $1,000,000. The placement, detailed in a news release dated August 25, 2025, involved the sale of 50,000,000 units at $0.02 each. Each unit includes one common share and one share purchase warrant, allowing the holder to buy an additional common share at $0.05 until October 1, 2027.
All securities issued are subject to a hold period in Canada until February 2, 2026. Eastfield paid a $4,200 cash finder’s fee to Leede Financial Inc. of Vancouver, B.C., related to the placement.
The company plans to use the proceeds for exploration programs at its British Columbia mineral projects (40%-50%), general working capital, including payments to non-arm’s length parties for administrative services (30%-40%), and investor relations (under 10%).
Insiders of Eastfield purchased 4,000,000 units in the private placement, a related party transaction under TSX-V Policy 5.9 and Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority shareholder approval requirements, as insider participation did not exceed 25% of Eastfield’s market capitalization.
Contact: David M Douglas, CPA, CA. CFO and Director. (604) 681-7913 or Toll Free: 888-656-6611
