Etruscus Resources Corp. (ETR) Financings
CSE: ETR · Gold · Advanced Exploration stage
- Market cap$3.2M
- Share price$0.050
- 52-week range$0.045 – $0.150
- Shares outstanding64,309,527
- ExchangeCSE
- Properties3
- Websiteetruscusresources.com
Etruscus Resources Corp. is a Vancouver-based exploration company focused on the acquisition and development of precious metal mineral properties. The Company’s assets are currently the Lewis Property in central Newfoundland, which is under option to acquire 100%, and the 100%-owned Rock & Roll and Sugar properties located near the past producing Snip gold mine in Northwest B.C.’s prolific Golden Triangle. As a new entrant in the very active Newfoundland exploration play, Etruscus is now expanding its focus to include exploration activity in two of Canada’s most active gold camps. The approximate 27,880 hectares Rock & Roll Property has multiple prospective target areas as well hosting the Black Dog deposit, a precious metal-rich, volcanogenic massive sulphide (VMS) deposit that displays similarities to other deposits in the Cordillera such as Eskay Creek and Greens Creek. The deposit is located 7km northwest of the past-producing Snip mine, currently operated by Skeena Resources. The area surrounding the Rock & Roll Property belonging to Seabridge Gold and Skeena Resources has recently seen major investment including the C$100 million earn in deal between Hochschild and Skeena for 60% ownership of Snip along with multi-million dollar exploration programs & plans for improvements in infrastructure. The open pit constrained Black Dog hosts a NI 43-101 compliant Inferred Resource (at a base cut-off grade of 0.5 g/t gold equivalent (AuEq*) totalling 2,015,000 tonnes grading 2.63 g/t AuEq*. *(For details on the AuEq resource calculation please see the NI 43-101 filed on Sedar.) Etruscus is traded under the symbol “ETR” on the Canadian Securities Exchange, “ETRUF” on the OTC and “ERR” on the Frankfurt Stock Exchange.
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Etruscus Resources Corp. financial statements
Key figures read from 6 of 6 financial statement filings, Feb 26, 2019 to Nov 30, 2020. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|
| Cash and equivalents | C$45,961 | C$1,276,494 | C$383,311 |
| Total current assets | C$368,554 | C$1,295,302 | C$385,724 |
| Total current liabilities | C$165,077 | C$56,564 | C$47,510 |
| Working capital | C$203,477 | C$1,238,738 | C$338,214 |
| Exploration and evaluation assets | C$1,426,231 | C$301,789 | C$135,750 |
| Property, plant and equipment | C$52,067 | C$8,549 | C$0 |
| Total assets | C$1,866,852 | C$1,625,640 | C$521,474 |
| Total liabilities | C$189,249 | — | — |
| Shareholders' equity | C$1,677,603 | C$1,569,076 | C$473,964 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2020 | FY Mar 2019 | FY Mar 2018 | |
|---|---|---|---|
| General and administrative | C$232,387 | C$214,010 | C$30,350 |
| Share-based compensation | C$7,504 | C$430,585 | C$0 |
| Net income (loss) | (C$355,517) | (C$748,085) | (C$61,036) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2019 | FY Jul 2018 | |
|---|---|---|
| Operating cash flow | (C$342,484) | (C$21,189) |
| Investing cash flow | (C$1,357,366) | (C$50,500) |
| Financing cash flow | C$469,317 | C$455,000 |
| Exploration spending (capitalized) | (C$1,348,100) | (C$50,500) |
| Property, plant and equipment spending | (C$9,266) | C$0 |
| Proceeds from share issues | (C$2,085) | C$0 |
| Change in cash | (C$1,230,533) | C$383,311 |
| Cash at end of period | C$45,961 | C$383,311 |
Etruscus Resources Corp. financings
4 financings announced or closed by Etruscus Resources Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-30 | Etruscus Resources Corp. (ETR) | Flow-through, private placement, non-brokered | Closed, 1 tranche | $700K | $0.075 | Etruscus Announces $700,000 Private Placement |
| 2025-02-25 | Etruscus Resources Corp. (ETR) | Flow-through, private placement, non-brokered | Closed, 3 tranches | $2.8M | $0.100 | Etruscus Announces $1.25 Million Private Placement to Drill at Zappa, a Significant Porphyry Target at Rock & Roll |
| 2024-07-25 | Etruscus Resources Corp. (ETR) | Flow-through, private placement, non-brokered | Announced | $1.3M | $0.100 | Etruscus Announces $1.25 Million Private Placement |
| 2023-11-21 | Etruscus Resources Corp. (ETR) | Private placement, non-brokered | Closed, 1 tranche | $200K | $0.050 | Etruscus Anounces Private Placement Financing |
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