Gold Terra Announces Private Placement for Exploration

Gold Terra Resource (TSE:YGT) has released an update.

Gold Terra Resource Corp. is set to raise up to $180,000 through a non-brokered private placement of flow-through shares, primarily involving long-term shareholders and insiders. The funds are earmarked for exploration drilling on the Con Mine Option property in Northwest Territories. This move aims to capitalize on Canada’s flow-through mining expenditure benefits under the Income Tax Act.

For further insights into TSE:YGT stock, check out TipRanks’ Stock Analysis page.