Terra Balcanica Closes First Tranche of Private Placement Financing

Terra Balcanica Resources Corp. ( (TSE:TERA) ) has shared an announcement.

Terra Balcanica Resources Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising $129,000 Canadian by issuing 1,290,000 units at $0.10 each. The funds will be utilized for land holding costs, project payments, and general corporate purposes. Each unit includes a common share and a warrant, allowing the purchase of an additional share at $0.15 until 2028. The offering is subject to Canadian Securities Exchange approval and entails a four-month hold period for the issued securities.

More about Terra Balcanica Resources Corp.

Terra Balcanica Resources Corp. is a polymetallic and energy metals exploration company focusing on large-scale mineral systems in the Balkans of southeastern Europe and northern Saskatchewan, Canada. The company owns a 90% interest in the Viogor-Zanik Project in Bosnia and Herzegovina and holds a 100% optioned portfolio of uranium-prospective licenses near the Athabasca basin in Canada. Terra Balcanica is committed to sustainable practices and community engagement.

YTD Price Performance: 35.71%

Average Trading Volume: 101,472

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$4.19M

Learn more about TERA stock on TipRanks’ Stock Analysis page.