--- title: "Hertz Energy Inc. Announces Closing of First Tranche of LIFE and Flow-Through Offering for Gross Proceeds of $1,000,000 and Extension of Private Placement" type: "News" locale: "en" url: "https://longbridge.com/en/news/280857995.md" description: "Hertz Energy Inc. has closed the first tranche of its non-brokered private placement, raising $1,000,000 by issuing 2,330,000 units. The funds will support exploration at the Craig Silver Project in Yukon and the Tungmony Project in New Brunswick. The offering includes common shares and warrants, with a cash commission of $67,200 paid to brokers. An extension has been granted to close a final tranche by May 11, 2026. The securities are not registered under U.S. laws and cannot be sold in the U.S. without proper registration or exemption." datetime: "2026-03-28T01:30:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280857995.md) - [en](https://longbridge.com/en/news/280857995.md) - [zh-HK](https://longbridge.com/zh-HK/news/280857995.md) generator: "portal-rs" --- # Hertz Energy Inc. Announces Closing of First Tranche of LIFE and Flow-Through Offering for Gross Proceeds of $1,000,000 and Extension of Private Placement (TheNewswire) VANCOUVER, B.C. – TheNewswire - March 27, 2026 - Hertz Energy Inc. (OTCQB: HZLIF) (FSE: QE2) (“Hertz Energy”, the “Company” or the “Issuer”) is pleasedto announce, further to its news release dated February10, 2026, the Company has closed a firsttranche of its non-brokered private placement offering issuing anaggregate 2,330,000 units of the Companyfor gross proceeds of $1,000,000, as part of theannounced LIFEOffering of up to 5,000,000 units of the Company(the "Units") at a price of $0.40 per Unit and concurrentFT Offering of up to 6,000,000 flow-through units of the Company (the"FT Units") at a price of $0.50 per FT Unit. The Company hasclosed a total of 1,650,000Units of the Company at a priceof $0.40 perUnit, for gross proceeds of $660,000 as part of the LIFEOffering, and a total of 680,000 FT Units of the Company at a price of $0.50 per FTUnit, for gross proceeds of $340,000 as part of the FTOffering. Each Unit issued consists of one (1) common share inthe capital of the Company (each a "Common Share") and one-half (1/2) Common Share purchase warrant (a "Warrant") granting the holder the right to purchase one-half (1/2) additionalCommon Share of the Company (a "Warrant Share") at a price of $0.60 per whole Common share at any time on or before 24months from the Closing Date (defined below). The Warrants will not be subject to an accelerated expiry.The securities offered under the LIFE Offeringwill not be subject to a hold period in accordance with applicableCanadian securities laws. Each issued FT Unit consists of one (1) Common Share tobe issued as a "flow-through share" within the meaning ofthe Income TaxAct (Canada) and the Taxation Act (Québec) (each, a "FT Share") andone-half (1/2) Warrant which shall have the same terms as the Warrantsincluded in the Units to be issued in the LIFE Offering. All securities issued in connection with the FT Offering willbe subject to a statutory hold period of four (4) months and one dayfollowing the date of issuance in accordance with applicable Canadiansecurities laws. The gross proceeds from the LIFE Offering and FTOffering will be used for exploration work to be conducted at theCompany’s recently announced Crag and Rod properties, together withand including the Craig silver-lead-zinc deposit (collectively, the“Craig Silver Project”), located in east-central Yukon, and theCompany’s Lake George Antimony–Tungsten-GoldProject (the “Tungmony Project”), inNew Brunswick, a strategically positioned claims package surrounding thepast-producing Lake George Antimony Mine, once the largest primaryantimony producer in North America, operating intermittently from 1876to 1996 (Government of New Brunswick, Mineral Commodity Profile No. 12,2018), in addition toworking capital purposes. The recently announced option agreement toacquire 100% interest in the Craig SilverProject was a significantdevelopment milestone for Hertz, a Project situated within the CraigBelt, a prospective sub-belt of the ~175-kilometre-long Rackla Belt, aregion recognized for hosting some of Yukon’s highest-gradesilver-lead-zinc and gold mineralization, which positions Hertz at theforefront of Canadian silver exploration. Within theProject, the Craig Deposit is a drill-defined silver-lead-zinc assetthat remains open along strike and at depth, offering significantpotential for resource expansion. The Project includes a 14-kilometremineralized corridor hosting multiple under-explored zones such asDiscovery, Trent, Azure, Nadaleen, and Scott. Historical drilling hasreturned numerous high-grade intercepts, including intervals exceeding200 g/t silver with substantial lead and zinc values(referto press release dated January 28, 2026). In connection with this first trancheclosing, the Company has paid qualified finders and brokers a cashcommission of $67,200, or 7% of the aggregate gross proceeds of theLIFE Offering and FT Offering, and a total of 119,700 broker warrants(the "Broker Warrants"). Each Broker Warrant will entitlethe holder to purchase one-half (1/2) Common Share at an exerciseprice equal to the Offering Price Warrants, at $0.60 per whole CommonShare, for a period of 24 months following the ClosingDate. The Company was provided with an extension to close afinal subsequent tranche of the LIFE Offering and FT Offering on orbefore May 11, 2026. The Company confirms there is no undisclosedmaterial information. The securities issued pursuant to the Private Placementhave not, nor will they be registered under the United StatesSecurities Act of 1933, as amended, and may not be offered or soldwithin the United States or to, or for the account or benefit of, U.S.persons in the absence of U.S. registration or an applicable exemptionfrom the U.S. registration requirements. This news release shall notconstitute an offer to sell or the solicitation of an offer to buy norshall there be any sale of the securities in the United States or inany other jurisdiction in which such offer, solicitation or sale wouldbe unlawful. Cautionary Statements All scientific and technical information contained in this newsrelease are historical in nature unless otherwise stated. Historicalresults referenced herein have not been verified by the Company’sQualified Person and should not be relied upon. Qualified Person Statement All scientific and technical information in this newsrelease has been reviewed and approved by Paul Ténière, P.Geo., aGeological Consultant to the Company and considered a Qualified Personfor the purposes of NI 43-101. About Hertz Energy Inc. The Company is a British Columbia based juniorexploration company primarily engaged in the acquisition andexploration of energy metals mineral properties. The Company isfocused on advancing the Crag and Rodproperties, together with and including the Craig silver-lead-zincdeposit (collectively the “Craig Silver Project”), located ineast-central Yukon, situated within the Craig Belt, a prospectivesub-belt of the ~175-kilometre-long Rackla Belt, a region recognizedfor hosting some of Yukon’s highest-grade silver-lead-zinc and goldmineralization. The Company is advancing its LakeGeorge Antimony–Tungsten-Gold Project(the “Tungmony Project”), in New Brunswick, a strategically positioned claims package surrounding the past-producing LakeGeorge Antimony Mine. Hertz Energy’s100%-owned Harriman Antimony Project in the Gaspé Region of Québecand Agastya Lithium Project in James Bay, Québec are part of theCompany's growing property portfolio. For further information, please contact Mr. Kal Malhior view the Company’s filings at www.sedarplus.ca. On Behalf of the Board ofDirectors Kal Malhi Chief Executive Officer and Director Phone: 604-805-4602 Email: kal@bullruncapital.ca Neither theCanadian Securities Exchange nor its Regulation Services Provideraccepts responsibility for the adequacy or accuracy of this newsrelease. Cautionary Statement Regarding “Forward-Looking” Information This news release includes certain statements that may be deemed “forward-looking statements”. Forward-looking statements in this news release include but are not limited to, statements about the Offering and the Company's expectations with respect to the foregoing. Factors that could cause future results to differ materially from those anticipated in forward-looking statements in this news release include the tax treatment of the FT Shares. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “Deposits”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, political and regulatory risks associated with mining and exploration, risks related to environmental regulation and liability. the potential for delays in exploration or development activities or the completion of feasibility studies, risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits, risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, results of prefeasibility and feasibility studies, the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those Deposited in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Copyright (c) 2026 TheNewswire - All rights reserved. ### Related Stocks - [HTZWW.US](https://longbridge.com/en/quote/HTZWW.US.md) - [HTZGQ.US](https://longbridge.com/en/quote/HTZGQ.US.md) - [HTZ.US](https://longbridge.com/en/quote/HTZ.US.md) ## Related News & Research - [13:00 ETHertz Global Holdings, Inc. 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