Terra Balcanica Resources Corp Enhances Private Placement Offer

Terra Balcanica Extends Private Placement Offering
Terra Balcanica Resources Corp. (CNSX: TERA; Frankfurt: UB10) has announced an extension to its ongoing non-brokered private placement. This move aims to secure minimum gross proceeds of C$750,000, with the potential to raise up to C$1,117,495 for the company. Investors can purchase units at a price of C$0.10 per unit, which will provide them with one common share and a warrant for future purchase.
Understanding the Offering Structure
Details of the Units and Warrants
Each unit consists of one common share and one-half of a warrant. The warrants allow for the purchase of one common share at an exercise price of C$0.20, valid for two years from the closing date. The anticipated closing date is slated for July 11, 2025, pending approval from the Canadian Securities Exchange.
Benefits of the Private Placement
The extension of the private placement is a strategic approach to enhance the company's capital base. By ensuring that the offerings are conducted under applicable regulations, Terra Balcanica provides its investors with a secure investment option. Notably, the securities obtained through this private placement will not be subject to any hold period under applicable Canadian securities laws, offering investors more liquidity.
Company Overview and Goals
Terra Balcanica is primarily focused on exploring polymetallic and energy metals. The company aims to target large-scale mineral systems, particularly in the Balkans and northern Saskatchewan, Canada. With a significant interest in the Viogor-Zanik Project in Bosnia and Herzegovina, Terra Balcanica is poised for strong development in the resource sector.
Commitment to Community and Environment
Responsible Engagement Practices
Terra Balcanica is committed to establishing responsible practices in its explorations. Engaging local communities and stakeholders is a top priority for the company. They emphasize implementing Good International Industry Practices (GIIP) and maintaining sustainable health, safety, and environmental management practices. This responsible approach not only enhances the company’s reputation but also ensures long-term sustainability of its operations.
Future Developments
As Terra Balcanica moves forward with its plans, investors can expect updates concerning the closing of the private placement and ongoing developments within its operational projects. The strategic decisions made now will significantly impact the company’s growth trajectory and overall market presence, particularly in the evolving mining landscape.
Frequently Asked Questions
What is the goal of the private placement by Terra Balcanica?
The private placement aims to raise a minimum of C$750,000 and potentially up to C$1,117,495 to enhance the company’s capital base for exploration projects.
What are the key components of each unit offered in the placement?
Each unit consists of one common share and one-half of a warrant, allowing investors to extend their investment opportunity.
How does the company ensure compliance with regulations?
Terra Balcanica is conducting the private placement under the listed issuer financing exemption of National Instrument 45-106, ensuring adherence to Canadian securities laws.
What is Terra Balcanica’s focus in exploration?
The company focuses on polymetallic and energy metals, targeting large-scale mineral systems, notably in the Balkans and northern Saskatchewan, Canada.
How does Terra Balcanica engage with local communities?
Terra Balcanica prioritizes responsible engagement, focusing on sustainable health and safety practices while implementing Good International Industry Practices.
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