Eastfield Resources Announces Private Placement
Vancouver, August 25, 2025 - Eastfield Resources Ltd. (TSX-V: ETF) ("Eastfield" or the "Company ") announces that it intends to raise up to $1,000,000 by way of a non-brokered unit private placement (the "Placement") of up to 50 million units at a price of $0.02 per unit, with each unit to consist of one common share and one share purchase warrant, with each warrant to entitle the holder to purchase an additional common share at a price of $0.05 for a period of 2 years from closing. The Placement will be non-brokered, however the Company may pay finder's fees in accordance with the rules and policies of the TSX Venture Exchange ("TSX-V"). The Placement is subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including TSX-V acceptance.
Certain insiders of the Company may participate, with full particulars of such participation to be included in the news release announcing the closing of the Placement.
The proceeds will be used by the Company to conduct an exploration program at its mineral projects in British Columbia and for general working capital including payments to non-arm's length parties for ongoing general administrative services and to investor relations activities not to exceed 10% of the proceeds.
The securities issued pursuant to this Placement will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities laws.
The securities have not been, and will not be, registered under the Unites States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the Unites States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
For more information, please visit the Company's website at www.eastfieldresources.com.
David M Douglas, CPA, CA.
CFO and Director
Contact: (604) 681-7913 or Toll Free: 888-656-6611
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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