Mr. Aleksandar Miskovic reports
TERRA BALCANICA ANNOUNCES PRIVATE PLACEMENT FINANCING
Terra Balcanica Resources Corp. intends to complete a non-brokered private placement for gross proceeds of up to $300,000 through the issuance of up to six million units at a purchase price of five cents per unit. Each unit will comprise one common share in the capital of the company and a common share purchase warrant to purchase an additional one common share of the company at an exercise price of 10 cents per warrant share for a period of 24 months from the closing date of the private placement.
The units will be offered by way of prospectus exemptions in Canada, in the United States pursuant to available exemptions from the registration requirements and in certain jurisdictions outside of Canada and the United States, as determined by the company. The common shares, warrants and warrant shares, if issued within four months of the closing date, will be subject to a hold period of four months plus one day from the closing date in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange if applicable. The closing date is expected to occur on or before April 3, 2026, subject to certain conditions, including any requisite approval of the Canadian Securities Exchange and certain other customary conditions, including, but not limited to, execution of subscription agreements between the company and the subscribers. In certain circumstances, the company may pay finders' fees in cash and warrants on a portion of the private placement. The company intends to use the proceeds of the private placement for landholding costs and to renew the mineral exploration properties in Bosnia and Herzegovina.
Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The company has a 90-per-cent interest in the Viogor-Zanik project in eastern Bosnia and Herzegovina. The company emphasizes responsible engagement with local communities and stakeholders. It is committed to pro-actively implementing good international industry practice (GIIP), and sustainable health, safety and environmental management.
We seek Safe Harbor.
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