Terra Balcanica Completes Initial Funding Round

Terra Balcanica Resources Corp. (TSE:TERA) has released an update.

Terra Balcanica Resources Corp. has successfully completed the first tranche of its non-brokered private placement financing, raising $205,750 by issuing over 2 million units at $0.10 each, which include a common share and a purchase warrant. Company insiders participated in the transaction, which will finance working capital and Phase III drilling. Securities from this offering are subject to a four-month hold period, restricting their sale until October 2024.

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