Terra Balcanica Resources Corp. Secures Funding Through Private Placement
Vancouver, British Columbia — Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CNSX: TERA.CN; Frankfurt: UB1) recently announced the successful closing of an important financing round. This second and final tranche of a non-brokered private placement financing attracted significant interest, ultimately resulting in gross proceeds of $442,000 CAD. In total, the Offering has raised an impressive aggregate of $571,000 CAD.
Details of the Private Placement
During this financing round, Terra issued 4,420,000 Units at a pricing of $0.10 per Unit. In total, 5,710,000 Units were circulated as part of this Offering, which was initially introduced on January 21, 2025. Each Unit comprises one common share and one warrant that grants the holder the right to purchase an additional common share at an exercise price of $0.15, valid until February 26, 2028. Additionally, finders' fees totaling $28,840 were disbursed in conjunction with this financing tranche.
Use of Funds from the Offering
Terra Balcanica has outlined a strategic plan for the allocation of proceeds obtained through the Offering. The funds are designated for essential land holding costs, project payments, and the Company’s overall working capital needs. This prudent financial planning will aid in fostering Terra's growth initiatives.
Canadian Securities Regulations
As per relevant Canadian securities regulations, all securities issued through this Offering will be subjected to a four-month hold period, concluding on June 27, 2025. The completion of this Offering is contingent upon the approval from the Canadian Securities Exchange.
Grant of Stock Options
In a further move to bolster company performance, Terra Balcanica has granted 2,900,000 stock options (the “Options”) to various officers, employees, advisors, and consultants under its stock option plan. These Options are exercisable at a price of C$0.105 per common share for a duration of five years following the issuance date.
Investor Relations Initiatives
To strengthen its investor relations efforts, Terra has also provided 500,000 options to their marketing and investor relations service provider, Paradox Public Relations Inc. These options are exercisable at a price of C$0.105 for a period spanning 60 months, with 125,000 options set to vest quarterly over the upcoming year.
Overview of Terra Balcanica
Terra Balcanica specializes in the exploration of polymetallic and energy metals and is particularly focused on large-scale mineral systems located in the Balkans and northern Saskatchewan. The Company holds a notable 90% stake in the Viogor-Zanik Project in eastern Bosnia and Herzegovina, which is rich in a variety of target minerals. Alongside, it boasts a fully optioned portfolio of uranium-focused licenses within Saskatchewan’s renowned Athabasca Basin, specifically covering Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. Terra Balcanica is dedicated to practicing responsible engagement with local communities and stakeholders and prioritizes sustainable health, safety, and environmental performance via Good International Industry Practice (GIIP).
Contact Information
For more information regarding this news release, please reach out to Aleksandar Miškovi?, President and CEO, via email at amiskovic@terrabresources.com or by phone at +1 (514) 796-7577. For more insights into Terra Balcanica's operations and news, visit www.terrabresources.com/en/news.
Frequently Asked Questions
What is Terra Balcanica’s main business focus?
Terra Balcanica focuses on the exploration of polymetallic and energy metals, particularly targeting mineral systems in the Balkans and northern Saskatchewan.
How much capital was raised in the recent financing?
The recent financing raised an aggregate total of $571,000 CAD.
What are the terms for the warrants issued?
Each warrant entitles the holder to purchase one common share at an exercise price of $0.15 until February 26, 2028.
Where can I find more information about Terra Balcanica?
For more information, you can visit their official website at www.terrabresources.com.
Who can I contact for inquiries regarding Terra’s news release?
Aleksandar Miškovi?, President and CEO, can be contacted at amiskovic@terrabresources.com or +1 (514) 796-7577.
