Private Placement Financing Overview
Terra Balcanica Resources Corp. (CNSX: TERA, Frankfurt: UB1) is embarking on an exciting journey by initiating a non-brokered private placement. This innovative financing strategy aims to raise gross proceeds of up to C$400,000 through the issuance of a maximum of 4,000,000 units at a purchase price of C$0.10 each. Each unit will consist of one common share and a warrant enabling the purchase of an additional share at an exercise price of C$0.15, valid for 36 months following the closing date.
Details of the Offering
The offering will leverage various prospectus exemptions, making it accessible both within Canada and in the United States and certain international jurisdictions. Any shares issued within four months of the closing date will adhere to a four-month hold period as stipulated by Canadian securities regulations. Though the anticipated closing is set for early February, it hinges on the approval from the Canadian Securities Exchange and compliance with customary conditions.
Use of Proceeds
The funds generated through this private placement will serve multiple purposes essential to the company’s strategic objectives. These include covering land holding fees, making project-related payments, and financing continued drilling operations within Terra Balcanica's exploration properties located in the western Balkans. Additionally, the capital raised will aid in general corporate activities and enhance working capital.
Company Profile
Terra Balcanica is at the forefront of mineral exploration, focusing on polymetallic and energy metals. Its ambitions target extensive mineral systems predominantly situated in southeastern Europe and Northern Saskatchewan. Boasting a substantial 90% interest in the Viogor-Zanik Project in Bosnia and Herzegovina, the company also oversees a portfolio of uranium-prospective licenses in the Athabasca Basin. Terra Balcanica is dedicated to responsible community engagement and the integration of sustainable practices throughout its operational framework.
Leadership Team Insights
The company's leadership is pivotal in driving its vision for growth and operational excellence. President and CEO Aleksandar Miškovi? emphasizes the importance of strategic planning and community relations in exploring mineral resources. Under his guidance, Terra Balcanica is poised to take significant strides in its exploration endeavors, balancing economic development with social responsibility.
Contact Information
For further inquiries regarding the private placement and other company initiatives, interested parties can reach out directly to Aleksandar Miškovi? via email at amiskovic@terrabresources.com or by phone at +1 (514) 796-7577. More detailed information is also available on the company’s official website www.terrabresources.com.
Frequently Asked Questions
What is the purpose of the private placement?
The primary aim of the private placement is to raise funds for land holding costs, project payments, and further drilling of exploration properties.
How will the funds raised be utilized?
The proceeds will support ongoing operational expenses, including drilling and sustaining the company’s mineral assets in the Balkans.
What are the details of the units being offered?
Each unit offered is priced at C$0.10, which includes a common share and a warrant for purchasing additional shares in the future.
What is the expected closing date for this placement?
The closing is anticipated to occur on or before early February, pending regulatory approvals.
Who leads Terra Balcanica Resources Corp.?
The company is led by President and CEO Aleksandar Miškovi?, who focuses on strategic development and stakeholder engagement.
